The Card Game

1. What is your reaction to the video?
2. What is meant by "stealth or penalty pricing"? Why are "no annual fee" credit cards so expensive? Do you think most consumers understand the disclosures made to them?
3. The owner of the payday loan service stated in the video stated that the financial services industry was designed to place most of the costs on those least able to pay.Who benefits most from the current system: the rich or the poor? Why?
4. Why can debit cards be more expensive than credit cards? Should overdraft charges be subject to the Truth in Lending Act? How should the transactions be posted to your account:in the order received or from highest to lowest?
5. Should the government have a greater role in regulating both who can get credit cards or what interest and fees consumers should pay? Why or why not?

https://www.pbs.org/video/frontline-the-card-game/