The Secret History of Credit Cards
The FinReg Pod
00:00
The Rise of Consumer Credit
This chapter examines the historical development of consumer credit, particularly through department store charge accounts and the evolution of bank-issued credit cards. It highlights regulatory changes and the competitive landscape that influenced banks' strategies in the credit market from post-World War II to the rise of national credit card networks. The analysis also reveals how these developments transformed consumer relationships with credit and banking systems.
Play episode from 12:10
Transcript
