Credit card debt collection
It might be a very European view to the problem but: Why does the American government does even tolerate this credit card garbage business in the first place ?<p>We are in the 21th century. Most payment can be validated electronically and processed under 200ms. I can pay something with my phone and get money taken directly from my bank account within seconds. There is absolutely no need of Credit Cards where Debit Cards can perfectly do the job.<p>So Why ? Why sponsor a system that fuck up entire families and push vulnerable people to suicide by giving them a way to pay things they can not afford in the first place ?<p>Why tolerate an entire industry of debt management that put people to their knees and bring literally Zero value to the real economy ? For the sake of few profits in Wall Street ?<p>This is complete nonsense.<p>I understand why the credit card business was born in the first place: Amex, Visa and MasterCard has been invented in a time where electronic payment was still a dream. 
In the 60s, indeed, holding a debt record to every card holder was probably the only way to get a non physical payment system to work in the first place.<p>We are not in the 60s anymore. A cashless payment system does not need debt.<p>So: Why ?