[BITList] up n up

CT's x50type at cox.net
Sun Jan 3 01:16:15 GMT 2010


my credit card interest rate has just increased 50% - but I'm happy to do my bit to help the banks recoup some of the $50 billion wiped out by new rules.
however, I wish the government would keep their noses out of my business; banks, etc. did great without all these rules and regulations [until they all went bust].
has your interest rate gone up?

ct

Banks Roll Out New Check, Card Fees 
New Charges Seek to Get Ahead of New Federal Rules Limiting Increases in Interest Rates
  a.. By ROBIN SIDEL 
The nation's banks will be bombarding customers with new fees and products in 2010 as they try to replace more than $50 billion in revenue wiped out by new rules that clamp down on certain business practices.

So far, the changes are mostly concentrated in checking accounts and credit cards. In addition to attaching new fees to old products, banks are introducing new types of accounts that they hope will reel in new customers and reduce their funding costs.
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