Hallelujah! I am so happy to see the fed finally dealing with this. I quit using Citibank years ago when they sent me a bill for 23 cents after I had paid in full the month before. They failed to explain to me how that was not deceptive and I am just lucky I caught it before they charged me a late fee and raised my interest rate. I cut the damn card up and mailed it back to them along with a check for 23 lousy cents - and demanded they close my account. I had had that account for over 10 years and they did nothing to correct the incident or otherwise try to keep me.
Now Citibank is "repricing" "certain" customers anywhere from 6% to 19% due to no fault at all on the part of the cardholder. What a sham!!!!!!!!!!
Anyway, I think these new rules are a pretty good holiday present, even if they dont go into effect until July 2010. I give the fed 2 snaps up for this!
*SNAP!*
*SNAP!*
FRIDAY 'ROUND-THE-HORN: YOU-PROBLEM EDITION.
-
*Went down a K hole the other night.*
I have said more than once that the *New York Post* is Rupert Murdoch’s
primary stateside lie-diffuser – more than ...
1 week ago
1 Comment:
This legislation is long long overdue. I wish they'd speed it up frankly. It's credit cards that strapping home owners who are trying to pay their mortgage.
Post a Comment