The four articles in this journal issue examine the pros and cons of the proposition that credit card rates are too high. In "How Congress and Consumers Will Crack the Credit Card Market," Congressman Charles E. Schumer argues that banks can get away with their excessive rates because of consumer misinformation and the unfair competitive edge held by the larger banks that set the tone for the high rates. He therefore recommends the passage of legislation that would require credit card companies to make a full disclosure of their charges before the consumer obtains a card (rather than after as is currently allowed). In "Bank Credit Cards: An Important Financial Option," Jerry D. Craft makes the case that bank card rates are service rates rather than interest rates and that credit cards have high administrative costs, are affected by fraud, and are actually one of the most competitive products in the United States. Elgie Holstein, in an article entitled "Bank Credit Cards: Defying Economic Gravity," contends that although bank credit cards are the single most profitable area of banking today, credit card price controls would hurt consumers. Holstein suggests a "floating" ceiling on credit card interest rates as a compromise. In "Retail Credit Card Rates: Reality vs. Rhetoric," Tracy Mullin distinguishes between retail and bank credit card plans, argues that revenues from retail credit cards are reasonable, and reaffirms Holstein's view that interest rate caps would not help consumers. (MN)