In a previous article on this site, Is The Credit Card Industry Redlining? I wrote about actions by American Express where customer’s credit limits were lowered based upon where they shopped. In a New York Times article, “American Express Kept a (Very) Watchful Eye on Charges” writer, Ron Lieber reports on his interview with Susan [...]
Redlining
In a recent article found on the Credit Law Network, ”Credit Card Limit Cut Based On Where He Shopped“, Jonathan Ginsberg, an Atlanta Consumer Lawyer discusses the case of Kevin D. Johnson, a resident of Atlanta, Georgia. American Express cut Mr. Johnson’s credit limit citing “the poor repayment history” of other American Express customers who shopped at stores [...]
