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The Next Credit Crisis?
(AP Photo)

(AP Photo)

Easy consumer credit is nothing new, but Americans are turning to their credit cards as never before — and racking up debt at unprecedented rates.

Never before, we’re told, have so many Americans owed so much at such high interest rates. And with mortgage troubles deepening, and the economy struggling, some fear personal debt could be the next shoe to drop.

Last week, the House Judiciary Committee voted to move forward with a bill that would rein in the American credit card industry, but consumer advocates say Washington isn’t going far enough to tame an unruly credit-card industry. What can consumers, lenders, and the government do to avert a crisis?

This hour, On Point: You’re pre-approved! Credit cards, consumers, and a nation in debt.

You can join the conversation. Are you in debt on your credit cards yourself? If so, have you been splurging, or are you using your credit cards just to survive?

Guests:

Joining us from Cambridge, Mass., is Elizabeth Warren. She’s the Leo Gottlieb professor of law at Harvard Law School, and an expert on credit card debt and bankruptcy. She’s written several books, most recently “All Your Worth: The Ultimate Lifetime Money Plan” which she co-authored with her daughter Amelia Warren Tyagi.

Joining us from Portland, Oregon, is J.D. Roth. He’s the man behind the well-known personal finance blog “Get Rich Slowly.” The blog started out as a chronicle of how he himself overcame $35,000 of personal debt, including about $20,000 in credit card debt.

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ONPOINT
TODAY
Oct 22, 2014
Health workers carry the body of a woman suspected of contracting the Ebola virus in Bomi county situated on the outskirts of Monrovia, Liberia, Monday, Oct. 20, 2014. (AP)

We’ll go to Liberia, and hear from a pastor and a physician at the epicenter of the Ebola crisis.

Oct 22, 2014
Authors Nicholas Kristof and wife Sheryl WuDunn attend the premiere of "Meena" at the AMC Loews Theater on Thursday, June 26, 2014 in New York.

Author and New York Times columnist Nicholas Kristof says regular folks like us can change the world. He explains how.

RECENT
SHOWS
Oct 21, 2014
This undated image provided by Google, shows an early version of Google's prototype self-driving car. For the first time, California's Department of Motor Vehicles knows how many self-driving cars are traveling on the state's public roads. The agency is issuing permits, Tuesday, Sept. 16, 2014 that let three companies test 29 vehicles on highways and in neighborhoods. (AP)

The future of the car: from the fuels they’ll run on, to the materials they’ll be made of, to the computers that may drive them.

 
Oct 21, 2014
David Perdue, Michelle Nunn

Two weeks to go till Midterm Election Day. We’ll look at how the biggest issues are playing out around the country.

On Point Blog
On Point Blog
Introducing The Explicast: A New Podcast From On Point Radio
Friday, Oct 17, 2014

Confused about the news? Don’t worry: so are we sometimes! Introducing a new On Point Radio podcast: The Explicast. You can find Episode One right here.

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Two LIVE Tracks From Jazz Violinist Regina Carter
Friday, Oct 17, 2014

Regina Carter shares two live tracks — one arrangement, and one original composition — with Tom Ashbrook in the On Point studio.

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Our Week In The Web: October 17, 2014
Friday, Oct 17, 2014

We talk Facebook mishaps, whether Katy Perry was actually right and the glory of architectural giants and their iconic windows.

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