Magazine content is available exclusively for TIME subscribers.Credit: Easy Go
A socially irresponsible act to induce people to get deeper in debt. —Excerpt from a talk at a Chicago church
Charge a tithe—Use your BankAmericard. —Sign outside a San Francisco church
That wide divergence between churches last week was prompted by the same phenomenon: the fast-spreading use of bank credit cards, which have become the hottest topic of debate and a source of frenetic competition among U.S. bankers. During the past twelve months, estimates the Federal Reserve Board, more than 1,000 banks have moved into the field. "We're on a creditcard binge,"...
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