[Slapshot68]

“The Federal Reserve is expected to approve on Friday a proposal that would restrict various billing practices of credit card companies, including double-cycle billing and unreasonable ‘late’ charges.”

In agreement with this. It’s amazing how they can “lose” or “delay” posting your payment for over a week...and the suddenly your rate is jacked up.

Of course, best bet is just ditch your CCs.

[Tijeras_Slim]

Citibank pulled this crap with me recently. So after 19 years without a late payment, I ditched them.

Didn’t cancel the card, just put it in the safe until it expires. Let them send me zero balance statements for a couple years.

[Emperor Palpatine]

Let’s hope they outlaw universal default, too.

I saw this Yingling on a special called “The Secret Life of Credit Cards”, and he’s just a shill for bankers.

Truman was right about bankers, you know.

[freerepublic_or_die]

Industry executives have been making their case in Washington that risk-based pricing strategies enable them to serve a wide range of customers.

These guys rank up there with the oil companies in coming up with the smarmiest excuse on why they should be allowed to continue screwing the consumer.