Consumer Culture and Credit Monitoring | The Kojo Nnamdi Show

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Consumer Culture and Credit Monitoring

Listen Tuesday, Nov. 10, 2009 at 1:06 p.m. in Business, Economy, Finance, Politics

It's a number a lot of us are held hostage to, regardless of our financial history: our credit score. But pending legislative reforms have the potential to alter our relationships with the credit industry. We explore how new rules are likely to change our concept of "credit worthiness."

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Guests

Vikki Frank

Executive Director, Credit Builders Alliance

Nick Bourke

Manger, The Pew Safe Credit Cards Project

Jennifer Waters

Reporter, MarketWatch

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Comments

artsadvocate wrote:

I am Mary Lynn Slayden a person that Ylan Mui featured in her Sunday article in the business section of the Washington Post. She did not
mention it was a credit union specifically Navy Federal credit Union which was my credit card company. Also we bank exclusively with them and have done since 1973. This Credit Union's mission is "Members Not Profit" www.navyfederal.org according to their web site. I have talked with the Vice President of the Credit Union who is the credit card and loan chief, Anthony Gallardy. Also the military family are most apt to choose NFCU as their banking institution due to their affiliation with the Navy. Now they have opened it up to all the branches and other DOD families. This is not necessarily a bad thing. I feel however with the strain on the military community mostly lower paid
folks who don't have the resources that my husband and I (he is retired Navy officer) have that the NFCU should be more sensitive to their needs. The family is often separated even in Peace time and especially with this long protracted wars in Iraq and Afghanistan and else where around the world. To take credit and loaning practices and make it more punitive to these families seems very cruel just when they need more support.

Thank you,

Mary Lynn Slayden

Tue, 11/10/2009 - 11:20am

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