Ever sincethe 2009 federalcrackdown on abusive credit card practices set out to expose companies that unfairly charged consumers to use their cards, a number of other credit card abuses have been discovered.
According to a report released by the Credit Card Accountability Responsibility and Disclosure (CARD) Act and a study from the Pew Health Group’s Safe Credit Cards Project, while most of the practices deemed unfair or deceptive by the Federal Reserve have disappeared, credit card companies have come up with new harmful behaviors to take their place. These new charges includeincreasing cash advances and balance transfers as well as penalty fees(CNN Money).
Similar Posts:
- Consumers who compare credit cards may avoid new fees
- A New Academic Study Scrutinizes Credit Score Reporting
- Marketing Gimmick of Free Credit Reports Costs Consumers
- San Francisco Giants Credit Card
- Valley National Bank Credit Card
