Do you know the details of the new credit card legislation signed by President Barack Obama? Well, now you will have all the facts. Dr. Boyce Watkins, a Finance Professor at Syracuse University, breaks down the credit card legislation in this video. Americans are experiencing massive amounts of default in the current financial crisis, and African Americans are the greatest victims of the economic downturn. Black unemployment has reached 15%, which is nearly double the rate of unemployment for white americans. This massive black unemployment has impacted African American family finances nation-wide.

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