Hundreds of “credit hackers” are legally gaming financial institutions by taking advantage of loopholes in the U.S.
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CREDIT CARD INDUSTRY
The credit card industry is one of the largest financing businesses in the world. Total U.S. consumer revolving debt -- largely debt on credit cards -- reached $962 billion in 2008. American Express issued what is considered the first widely accepted plastic charge card in 1958. The top five credit card companies are Bank of America, JP Morgan Chase, Citigroup, Amex, and Capital One. Also well-known are Discover Card, HSBC, Washington Mutual, Wells Fargo, and USAA.
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Top Sources: Credit Card Industry
- Forbes.com
- chicagotribune.com
- imprivata.com
- wired.com
- treasury.gov
