Credit Card Hell

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Ezra is obviously just pimping content from his new corporate overlords here, but today’s Washington Post chat about the credit card industry really does make for interesting reading.  One of the things that comes through loud and clear is that people are almost universally paranoid about their credit scores.  And why not?  We live in a modern economy in which credit is essential, but your access to credit is determined by a process that’s deliberately opaque, practically impossible to dispute, controlled almost entirely by credit issuers who make money when they lure you into practices that wreck your credit score, and wide open to fraud because the credit industry doesn’t really care about it.

My solution?  For starters, credit scoring companies should be required by law to be far more transparent about their practices.  Beyond that, though, we need to give them an incentive to start caring about fraud: if the credit industry wrecks your credit score by allowing fraud, it’s the credit industry that should pay the price, not you.  More here.

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Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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