Use access key #2 to skip to page content.

Banks Skanking Out on Disclosing Fees

Recs

9

March 02, 2008 – Comments (4) | RELATED TICKERS: BAC

So sez the government.

I would submit that even when they do disclose fees, they often do so a la the slippery Bank of America, which eliminated the grace period even on zero-balance purchases without actually coming out and saying so. Instead, they hid the simple truth in several paragraphs of microscopic verbiage regarding shifting dates.

 

4 Comments – Post Your Own

#1) On March 02, 2008 at 6:14 PM, abitare (35.58) wrote:

In Italy, the banks charge you to keep your money, they act as a fortress to protect your valuables. Many Italians and third world nationials do not trust banks with their money and keep their money locked away in home safes or hiden in their homes.

Many non US banks do not play this game of paying savers 2% and loaning money at 6%. Many Italians and Japanesse live with their parents, there is no moving out at 18, buying a house in the suburbs etc... I think America may move in this direction. As many US banks go BK other will restrict lending, Gen-X will not be able to afford a house or find a full time job that can pay the bills.

Would you rather have $100k in deposit at CFC or $100k in gold and silver in a safe hiden behind the book case. Report this comment
#2) On March 02, 2008 at 6:22 PM, abitare (35.58) wrote:

I DO NOT HAVE $100K IN GOLD AND SILVER IN MY HOUSE!

SERIOUSLY, I am a poor, well armed, red neck. 

Just me, the pit bulls and a couple cases of Pabs Blue Ribon beer in my double wide trailer.

Report this comment
#3) On March 02, 2008 at 8:48 PM, abitare (35.58) wrote:

 

Report this comment
#4) On March 03, 2008 at 11:06 AM, CycleFreak7 (< 20) wrote:

That is the most beautiful home I have ever seen.

Report this comment

Featured Broker Partners


Advertisement