The people's interest

A new battle against usury

Walking down Trade Street in downtown Charlotte, North Carolina, Melinda Graham spied the Bank of America football stadium a few blocks away. “That’s all my money, right there,” said Graham, one of hundreds who marched on B of A and Wachovia one day last October to demand a 10 percent cap on credit-card interest rates.

A few minutes later, Graham noticed a pair of brown leather stilettos on a sharply dressed young woman. “Look at her shoes,” she urged her 21-year-old daughter. Then she looked at me, who had just asked her about her credit-card debt: “I’m a shoe fanatic,” she admitted.

 

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