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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
Oct 24, 2014
Ottawa police officers, with Parliament Hill in the background, guard the area around the National War Memorial in downtown Ottawa on Thursday. (Reuters/Landov)

Gunfire in Canada’s capital. Billionaire millions hit the midterms. Huge airbag recall. Ben Bradlee is dead. Our weekly news roundtable goes behind the headlines.

Oct 24, 2014
Andrew (Miles Teller) and his often demanding conductor, Terrence (J.K. Simmons) in a scene from the new film, "Whiplash." (Courtesy Sony Pictures Classics)

The new movie “Whiplash”. The thin line between obsession and abuse on the road to greatness. In music, the arts…sports.

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SHOWS
Oct 24, 2014
Andrew (Miles Teller) and his often demanding conductor, Terrence (J.K. Simmons) in a scene from the new film, "Whiplash." (Courtesy Sony Pictures Classics)

The new movie “Whiplash”. The thin line between obsession and abuse on the road to greatness. In music, the arts…sports.

 
Oct 24, 2014
Ottawa police officers, with Parliament Hill in the background, guard the area around the National War Memorial in downtown Ottawa on Thursday. (Reuters/Landov)

Gunfire in Canada’s capital. Billionaire millions hit the midterms. Huge airbag recall. Ben Bradlee is dead. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
The Explicast, Episode Two: Why Is Election Day On A Tuesday?
Friday, Oct 24, 2014

The Explicast is back for another round. This time, we’re looking at Election Day, and why we all keep voting on a random Tuesday in early November.

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Our Week In The Web: October 24, 2014
Friday, Oct 24, 2014

On comments, comment sections, and ROY G BIV.

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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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