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Credit Card Rate Rises; More on Real Estate, Elizabeth Warren

Credit card rates are at new highs. We look at what’s up with banks and plastic — and more.

AP Photo

 Interest rates in America are at stunning lows. Interest rates on American credit cards are suddenly at nine-year highs. 

Just when Americans are trying to get off “plastic” and out from under credit card debt. And just when new consumer protections have just come fully into effect. This hour, we ask why. 

Plus, we look at the near-collapse in American home sales, even as mortgage rates hit all-time lows.

And we look at the endgame maneuvering over who will head the new Consumer Protection Agency. 

-Tom Ashbrook

 

Guests:

Alexis Leondis, reporter for Bloomberg.

Nessa Feddis, vice president and senior counsel for the American Bankers Association, which represents the majority of credit card companies.

Ed Mierzwinski, U.S. PIRG, a consumer advocacy organization.

Diana Olick, real estate correspondent for CNBC.

Jake Tapper, senior White House correspondent for ABC News.

More:

Here’s the YouTube video supporting Elizabeth Warren that has gone viral:

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ONPOINT
TODAY
Mar 27, 2015
Rescue workers work on debris of the Germanwings jet at the crash site near Seyne-les-Alpes, France, Thursday, March 26, 2015. The co-pilot of the Germanwings jet barricaded himself in the cockpit and “intentionally” rammed the plane full speed into the French Alps, ignoring the captain’s frantic pounding on the cockpit door and the screams of terror from passengers, a prosecutor said Thursday. (AP)

The co-pilot and the plane in the Alps? Ted Cruz announces 2016 bid. Heinz buys Kraft. Our weekly news roundtable goes behind the headlines.

Mar 27, 2015
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Spring training. From easy-access yoga to outdoor exercise meet-ups, exercise plans you’ll want to do.

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Mar 26, 2015
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American kids today spend only four to seven minutes a day playing outdoors. We hear a new call to raise the “wild child.”

 
Mar 26, 2015
In this file photo, protesters sit at the intersection of Wall St. and Broad St. in New York, Monday, Sept. 22, 2014. The protesters, many who were affiliated with Occupy Wall Street, were trying to draw attention to the connection between capitalism and environmental destruction. (AP)

In our age of hyper-inequality, historian Steve Fraser asks when the little guy stands up and says “enough.” He’s with us.

On Point Blog
On Point Blog
Mobile Payments Offer Convenience If You Keep Your Email Safe
Thursday, Mar 26, 2015

Thinking about moving your wallet to your phone? You can! And maybe you should? But TechCrunch senior writer Josh Constine has a few things to tell you before you do.

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Using Technology To Get Your Kids Outside
Thursday, Mar 26, 2015

The latest and greatest — using apps to make natural exploration more fun for your kids.

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Week In The Web: March 20, 2015
Friday, Mar 20, 2015

The emailed comments question continues to haunt us, we shake off / salute our haters and CNN Politics spends way too much time on FinalCut (in a good way!).

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