According to Mortgage News Daily, in May American Express announced a new credit card which allows home owners to charge their mortgages on their credit card. Enrollment in the program is not cheap, with a one time fee of $395, but if you charged a $2,500 mortgage to your card every month the card would pay for itself in about a year.

Some of the banks who have signed on to the program have already went bankrupt. It is yet to be seen if consumers will benefit from this new credit card, or it is just another way to help them get Maxed Out.

Maxed Out is a great video and book covering the aggressive nature of banks and credit card companies.

It covers everything from

• How credit card companies prey on college students with credit card offers even if they know the students have no way to pay them back
• How some credit card companies hold checks to make payments late and charge late payment fees, overdraft fees, and . You can learn more about Providian Financial online
• How it is far easier for companies to file for bankruptcy than individuals, especially since 2005
• How the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was written by MBNA - a leading credit card provider
• How that law and others end up forcing many Americans into a lifelong debt, and cause those who are near the edge to fall off once something bad happens (like medical issues, debt, car accidents, etc.)
• How reservist military members had to file bankruptcy because their pay was cut when they were placed on active duty in Iraq for 23 months straight
• How inaccurate many consumer credit status databases are, and how Suze Orman has a deal with Fair Isaac
• How large banks are fueling the payday advance loan industry by infusing those companies with large sums of cash

You can watch preview clips on the Maxed Out Movie website.