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Big banks aim fees at those who avoid debt, pay bills on time
Posted: Oct 27, 2009
Update (at bottom): Senator Dodd calls for credit card rate freeze until new rules take effect
Did you pay your bills on time this month? Avoided taking on unnecessary debt? Well, there's a fee for that.
Anticipating the implementation of the Credit Card Accountability, Responsibility and Disclosure Act in February of next year, big banks are stepping up their aggressive treatment of those who hold cards that may be deemed too generous, or those who are studious in making payments.
The rest of the article can be found at:
http://rawstory.com/2009/10/big-banks-aim-fees-avoid-debt-pay-bills-time/
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You know - this just sucks BIG TIME - just me
[ In Reply To ..]This is so unconstitutional. Okay, truth be I don't know if it's really unconstitutional but it seems to be.
They are using every excuse to get more money from citizens. Every month I pay my balance off if I use my credit card. If they start charging me a fee I will opt not to use their credit.
I for one hopes BofA goes out of business and any other bank that tries this. If its my bank I sure will close out my account and take my business elsewhere.
What's next - we're going to be taxed every time we step outside our house/apartment because we're breathing fresh air. I'm waiting to hear of the "Free Air Tax". After all, every breath we take I'm sure Algore will tell us we're polluting the planet so we need to pay a tax for breathing.
Just another benefit of an Obama bill. Guess if we pay our bills - on time, we should "spread our wealth"..sad.nm
[ In Reply To ..]nm
And exactly which "Obama bill" would that be? (nm) - Nikki
[ In Reply To ..]/
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