Tuesday, August 31, 2010 11:53 AM GMT
WASHINGTON POST WASHINGTON - Credit-card reform came too late for 20-year-old Tamaira Shaw. The junior at the University of the District of Columbia got a preapproved credit card from Bank of America in the mail her freshman year of college. It had her name on it and a $500 limit, and she took it as a license to spend. Within three days, she bought a cell phone, clothes, and textbooks - and ...