03224cam a2200481 i 4500 23341057 BJBSDDR 20250723104800.0 a|||||r|||| 00| 0 ta 231004s2024 ctuab rb 001 0 eng c 2023947803 9780300247343 (hardcover : alk. paper) 0300247346 (hardcover : alk. paper) 23341057 (OCoLC)1419790256 YDX eng rda YDX OCLCO BDX YUS OCLCO PSC DLC eng pcc n-us--- HG 3756 V217p 2024 Vanatta, Sean H. 42974 Plastic capitalism : banks, credit cards, and the end of financial control / Sean H. Vanatta. New Haven : Yale University Press, 2024. xvii, 393 pages : illustrations, map ; 24 cm text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references (pages 299-362) and index. Preface: 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. "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"-- Provided by publisher. Consumer credit United States. Crédito al consumidor Estados Unidos 16397 Credit cards United States. Tarjetas de crédito Estados Unidos 43594 Financial services industry United States. Industria de servicios financieros Estados Unidos 14452 7 cbc pccadap 2 epcn 20 y-gencatlg lcc BK LLH 124014 124014 0 0 lcc 0 0 CS BJB BJB CS 2025-06-30 0 HG 3756 V217p 2024 00000187682 2025-06-30 00:00:00 1 2025-06-30 BK