If the bill of rights for credit card holders.....
April 17, 2008
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, GLD
If the bill of rights for credit card holders goes through congress not only will the banks scream blody murder you will see a contraction again in the banks because they won't be able to raise as much money. But only IF. How bad can this one be messed up? I was watching the hearings and some ot the members didn't even know how the FICA score affected your intres rate. Then the members couldn't read and understand the forms the banks put out. Then other government agencies wanted oversight on credit cards. SO......... More big government agencies to oversee the credit cards and to me that means more runaround not only with banks but with government. Now saying that (sarcasm)IF I need a loan I will go to the mob for a loan because they sill give a better rate than the credit card companies.Rock On,