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008			231004s2024 ctuab rb 001 0 eng c
010			_a 2023947803
020			_a9780300247343 _q(hardcover : alk. paper)
020			_a0300247346 _q(hardcover : alk. paper)
035			_a23341057
035			_a(OCoLC)1419790256
040			_aYDX _beng _erda _cYDX _dOCLCO _dBDX _dYUS _dOCLCO _dPSC _dDLC
041			_aeng
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043			_an-us---
050	0	0	_aHG3756.U54 _bV363 2024
100	1		_aVanatta, Sean H., _942974
245	1	0	_aPlastic capitalism : _bbanks, credit cards, and the end of financial control / _cSean H. Vanatta.
264		1	_aNew Haven : _bYale University Press, _c[2024]
264		4	_c©2024
300			_axvii, 393 pages : _billustrations, map ; _c24 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references (pages 299-362) and index.
505	0		_aPreface: Buying time -- Introduction -- The New Deal regulatory order -- Charge account banking -- Profits squeeze -- Deluge -- Regulating revolving credit -- Confronting cards in Congress -- Risk shifting -- The Marquette decision -- Profits anywhere -- Credit control -- Breakdown.
520			_a"American households are awash in expensive credit card debt. But where did all this debt come from? In this history of the rise of postwar American finance, Sean H. Vanatta shows how bankers created our credit card economy and, with it, the indebted nation we know today. America's consumer debt machine was not inevitable. In the years after World War II, state and federal regulations ensured that many Americans enjoyed safe banks and inexpensive credit. Bankers, though, grew restless amid restrictive rules that made profits scarce. They experimented with new services and new technologies. They settled on credit cards, and in the 1960s mailed out reams of high-interest plastic to build a debt industry from scratch. In the 1960s and '70s consumers fought back, using federal and state policy to make credit cards safer and more affordable. But bankers found ways to work around local rules. Beginning in 1980, Citibank and its peers relocated their card plans to South Dakota and Delaware, states with the weakest consumer regulations, creating 'on-shore' financial havens and drawing consumers into an exploitative credit economy over which they had little control. We live in the world these bankers made"-- _cProvided by publisher.
650		0	_aConsumer credit _zUnited States.
650		0	_aCredit cards _zUnited States.
650		0	_aFinancial services industry _zUnited States.
650		6	_aCrédit à la consommation _zÉtats-Unis.
650		6	_aCartes de crédit _zÉtats-Unis.
650		6	_aServices financiers _zÉtats-Unis.
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999			_c124014 _d124014