Are consumers just on a lucky roll against the big banks, or are more Americans simply fed-up with the outrageous fees and charges and just finding more unique and brazen ways to show that they aren’t going to take it anymore?
Kristy posted a blog last Friday which showed a video documenting one consumer’s successful fight against the usurious fees charged [...]
Entries Tagged as 'bank of america'
Another Consumer “Success Story” Against Bank of America
October 7th, 2009 · No Comments · Banking, Consumer Debt
Tags: ann minch·bank of america·consumer rights·credit card fees·Credit Cards·Debtors revolt·interest rate increase
Banks Rethink Overdraft Fees
September 30th, 2009 · 1 Comment · Banking
We’ve written about overdraft banking fees before, and they way the abuse the system to milk maximum fees. So numerous and loud were consumer complaints that Congress has responded with proposed bills in the House and Senate. The Federal Reserve is also being pressured to issued new rules. This has the banking industry [...]
Tags: bank of america·Carolyn Maloney·Christopher DOdd·Consumer complaints·JP Morgan Chase·over draft fees·overdrafts·Wells Fargo
Credit Card Companies Instituting “Minimum Annual Purchase” Policies
August 26th, 2009 · No Comments · Banking, Credit Cards
We just learned Citibank is informing their customers it will impose an $35 annual fee unless a minimum of $2400/yr is charge on their credit card accounts. This is, of course, part of the unintended consequences of the new credit card reform laws. We wrote previously wrote about another unintended consequence, the [...]
Tags: american express·annual fee·bank of america·Citibank·Credit card·Discover·minimum annual purchase·Wall Street Journal
Even After New Credit Card Laws, Interest Rates Can Increase – Without Notification
August 24th, 2009 · 1 Comment · Consumer Debt
We’ve written about the
Tags: bank of america·Banking·Chase·credit card reform laws·Credit Cards·Fed Rate·Federal Reserve·interest rate·notification·prime rate·variable rate
