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Credit cards' insidious effects may pose product liability issue

10-26-2006 · EurekAlert!

Are credit cards hazardous to your health and safety under the principles of product liability? "Several features of credit cards make them different from traditional forms of lending and encourage high levels of consumer debt by taking advantage of consumers' cognitive and behavioral vulnerabilities," Adam J. Goldstein wrote in the latest issue of the University of Illinois Law Review. Goldstein is a former editor at the review who now works for a Chicago law firm.

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Keywords: credit, cards, insidious, effects, pose, product, liability, issue, card, insidiou, effect

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