I think it's wonderful that Obama signed the Credit-Card Consumers’ ‘Bill of Rights’. It's about time we had some financial laws protecting consumers like this. I think some of these Banks should be ashamed at some of the practices they have been using to take advantage of their customers. I understand that some of the arguments that are made in court may not reflect how people truly feel (so I don't blame banks for saying that they can't be profitable without taking advantage of their customers), but their actions don't get them any sympathy from me. I think the economy would do much better if all money earned is done through hard work instead of manipulation.
3 comments:
Amen, brother. Better yet, let's just skip the credit cards. If people quit patronizing banks that took advantage of them, the banks would learn the hard way, eh.
I agree Matt. Credit Card issuers are thieves. They have so many underhanded tricks. Although, its hard to let the consumers off the hook for thier bad choices. I think this bill has been needed for a long time!
http://globaleconomicanalysis.blogspot.com/2008/01/read-fine-print-on-credit-cards.html
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