Tag Archive
Banks Have Found Ways Around CARD Act
Back when the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act was signed, many heralded it as a big win for consumers. Finally someone was doing something to look out for the best interests of the consumers. Now that a little time has passed and the effects of that legislation can be looked it,... »
Overlimit Fee on Credit Cards About to Disappear
For the past 25 years or so, credit card companies have hit their customers with a fee of around $35 or $40 when ever they go over their spending limit on their credit cards. The recent credit card reform legislation has addressed these fees and when implemented will give consumers the opportunity to opt... »
Airline’s Bank on Fees Just Like Credit Card Companies
Its long been known how much money the credit card companies make off of late fees, over limit penalties, and such. They make a ton of money off that sort of stuff, that’s were they make their real money since its basically 100% profit. I was surprised at first to hear about another industry... »
Will Good Intentions Translate Into Results?
A few months ago I talked about the credit card companies and their preying on college students in my post entitled “College Students Make Easy Prey for Credit Card Companies”. There are now new laws that are made to not make them as such an easy target to credit card companies. These new laws... »