Feds tackle sub-prime credit cards' high fees

By Tony Pugh | McClatchy Newspapers

WASHINGTON — Subprime credit cards might be the worst consumer credit product ever marketed.

Their high interest rates, costly penalties and high, hidden fees can eat up nearly all the credit available from the cards and, over time, turn a $100 purchase into more than a thousand dollars of debt.

Wendy Adams, of Las Vegas, is living that nightmare.