Comments on: Credit Card Issuers Making Life Tough For Consumers

By: Just the Truth

Just the Truth — Sat, 10 Sep 2011 07:13:37 +0000

The easiest way to stop these people. Is to stop using there services completely!
Take your money out of these PONZI SCAMMING BANKS Communist Corperations. And put into Credit Unions that are owned by the people, who have their money in them. That are still highly Federally Regulated. Bank Ceo steal all the money in the banks. Then blame it on YOU! You can’t do this in a Credit Union that is owned by you! For the benefit of the people who all who own it?
BANKERS HATE CREDIT UNIONS. This is why. They don’t steal depositors fund and pay them selves big bonus for doing so.

Stop scamming yourself take your money out of banks… who are still screwing you!

By: PatV

PatV — Wed, 14 Oct 2009 01:29:20 +0000

I don’t know what to do, my husband received a letter today saying BOA is changing our fixed rate personal loan to variable. He called to opt out and was told he couldn’t. The rep said he could close the account only if he paid it off! This can’t be legal, please help.

By: Jason

Jason — Fri, 03 Jul 2009 19:02:35 +0000

You prompted me to look up the definition of bilk. Here's an example in a sentence: Congres bilked (1) the credit card market, and now issuers have to raise fees on everyone to make up for the customers who bilk (2b) them.

By: finco86

finco86 — Fri, 03 Jul 2009 18:34:07 +0000

Of course it was a mistake. Any time you get the government involved in the market, it will lead to behavior none of the 535 Congressmen and Senators thought about. Now they are angry because they didn’t think? Too bad they never acknowledge that they are the cause of the change in behavior.

By: Flexo

Flexo — Fri, 03 Jul 2009 15:08:41 +0000

Through increased minimum payment requirements and higher interest rates? Perhaps. I’m sure some people will feel that is an appropriate term.

By: Steve

Steve — Fri, 03 Jul 2009 04:52:31 +0000

“Bilked”? I’m sorry, but was someone conned out of money that belonged to them?

By: Smithee

Smithee — Thu, 02 Jul 2009 23:15:34 +0000

At least one analyst firm says that they’ll remain lucrative regardless of the new rules.

http://www.reuters.com/article/rbssConsumerFinancialServices/idUSBNG45163920090629

By: Jason

Jason — Thu, 02 Jul 2009 20:07:25 +0000

Who didn’t see this coming?! Seriously. Lenders mitigate the risk of default via interest rates and fees. The new law limits disincentives for defaulting, increasing the lender’s risk. Lenders’ rates and fees must increase to maintain the balance.

At least we got one good thing out of the Credit CARD Act of 2009: legal guns in national parks and wildlife refuges.