The term "credit card" had been used and proposed by utopian author Edward Bellamy in his 1887 book Looking Backward.
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"Contrary to the conventional wisdom, Marquette did not lay a foundation for runaway bank profits and consumer suffering," says George Mason University School of Law professor Todd Zywicki.
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He filed suit in the Southern District of Iowa against the Omaha bank on September 3, 1971, for exporting Nebraska's higher interest rates to his state.
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