U.S. in Recession

Credit card rules may help and hurt

New rules for credit cards from the Federal Reserve will make it harder for consumers with poor credit to get a sub-prime card. Current card holders will be protected from interest rate increases. This comes at time of turmoil for banks and consumers heavily in credit card debt.

Guests

• Paul La Monica: Editor at large at CNNMoney.com. His daily column is called "the Buzz."
• Vefa Tarhan: Visiting professor of finance at Northwestern University.

Resources

• About Paul La Monica
• About Vefa Tarhan