Consumerist Interview: White House To Banking Lobbyists, "It's On."

Consumerist Interview: White House To Banking Lobbyists, "It's On."

We went back to the White House this week, for our second interview with Obama Administration economic advisor Austan Goolsbee. In a wide-ranging talk, Goolsbee discussed the Administration’s plans to help small businesses get credit, said that the battle against bank lobbyists is on, and expressed amazement that people in DC use the weather as an excuse to miss meetings. “I’m from Chicago,” he said, explaining that even blizzards don’t stop normal activities there. “We aren’t wimps in Chicago.”
Inside: Video and full transcript.

Recap: Ben & Meg Interview Obama Administration On Credit Card Reform

Recap: Ben & Meg Interview Obama Administration On Credit Card Reform

Here, catch all of our interview with Austan Goolsbee breaking down why the credit card reform act was needed. If you missed any of the clips, here’s is the four-part series in its entirety…

Consumerist Interviews Goolsbee On Credit Card Reform: Part 4 of 4

Consumerist Interviews Goolsbee On Credit Card Reform: Part 4 of 4

The final installment of our 4-part interview on credit card reform with Austan Goolsbee, President Obama’s senior economic adviser. In this one we say, hey, what about mandatory binding arbitration?

Consumerist Interviews Goolsbee On Credit Card Reform: Part 3 of 4

Consumerist Interviews Goolsbee On Credit Card Reform: Part 3 of 4

Are credit cards set up like a horrible game of Chutes & Ladders that plays for keeps? In the 3nd of our 4-part interview series with President Obama’s Senior Economic Adviser, Austan Goolsbee, on credit card reform, we ask why credit card companies can raise the APR on stuff you already charged, and go into some of the credit card companies’ anti-consumer tricks like liquid and fickle terms and conditions, penalty fees that aren’t trying to discourage behavior anymore, they’re just pure profit, and teeny-tiny contracts written in “Bank-o-nese.”

Consumerist Interviews Goolsbee On Credit Card Reform: Part 2 of 4

Consumerist Interviews Goolsbee On Credit Card Reform: Part 2 of 4

In the 2nd of our 4-part interview series with President Obama’s Senior Economic Adviser, Austan Goolsbee, on credit card reform, we ask, what about the kids? Specifically, what is this bill going to do about those guys giving away shirts on campus in exchange for signing up for credit cards? Because these seems a really great service for college students, who, as we know, frequently go shirtless. Also, how one side of the debate on credit cards is essentially arguing that if you didn’t want to get carjacked you should have taken the bus… because an honest business model and a profitable one needn’t be mutually exclusive.

Goolsbee Video Fixed

Goolsbee Video Fixed

If you had problems viewing the Goolsbee interview, this here video should work for you now. [Consumerist]

Consumerist Interviews Goolsbee On Credit Card Reform: Part 1 of 4

Consumerist Interviews Goolsbee On Credit Card Reform: Part 1 of 4

We took your credit card reform questions to DC yesterday and interviewed Austan Goolsbee, senior economic adviser to President Obama. In part 1 of our 4-part series, we ask how are banks getting billions in bailouts and can turn around and cut off millions of credit cards and raise rates? How does it make sense that credit card companies can raise the interest rate on an existing balance? And, most importantly, why don’t we treat credit cards more like Canadians do cigarettes?

Consumerist Interviews Goolsbee About Credit Card Reform: Part 1 of 4

Consumerist Interviews Goolsbee About Credit Card Reform: Part 1 of 4

We took your credit card reform questions to DC yesterday and interviewed Austan Goolsbee, senior economic adviser to President Obama. In part 1 of our 4-part series, we ask how are banks getting billions in bailouts and can turn around and cut off millions of credit cards and raise rates? How does it make sense that credit card companies can raise the interest rate on an existing balance? And, most importantly, why don’t we treat credit cards more like Canadians do cigarettes?