Google
 

Tuesday, October 27, 2009

Screw Your Perfect Score

American Scofflaw

Earlier this month Bank of America started notifying customers like Mullen-Kress that they will be charged a new annual fee of $29 to $99.

The banks are starting to charge fees to reliable customers in response to a slew of new credit card industry regulations that will limit when banks can hike interest rates. Cardholders who get a new annual fee notice in the mail will be in a no-win situation.

Every consumer has got to scream "absolutely not!" on this to the banks which hold their credit cards.

It would make a very interesting class action lawsuit, if banks billing customers who pay timely close their accounts due to these fees and then have their credit adversely affected.

The publicity over such a lawsuit would make those banks look like real pariah institutions, and no amount of PR and spin could prevent that outcome from happening .

No comments:

Parking Tickets

Parking Tickets
Can I pay my tickets here?

Let 'em Hear it

Add to Technorati Favorites

Gottcha, scofflaw

Gottcha, scofflaw

Hottest T-Shirts on the Web

Loading...

Favorite Scofflaw Movies

  • The Godfather
  • The Usual Suspects
  • Dirty Harry
  • The Good, The Bad and The Ugly
  • The Treasure of The Sierra Madre
  • The Long Good Friday
  • Pacific Heights
  • Midnight Cowboy
  • Highway61
  • Duel
  • Catch Me if You Can
  • Glengarry Glenn Ross