Posted in credit card debt, tagged american express, credit card, credit card debt, discover card, feds, interest, Kellene Bishop, mastercard, visa on December 16, 2008 | Leave a Comment »
You’ve no doubt heard that the Feds will rule this week on new sweeping changes to the credit card industry.
http://www.consumeraffairs.com/news04/2008/12/credit_cards_fed.html
Part of their proposal is that credit card companies will not be permitted to raise the interest rate on existing balances. While many seem to be thrilled with this prospect and feel that justice will [...]
Posted in Finance, tagged america, american express, code red, countrywide, credit card, discrimination, Kellene Bishop, mortgage, stupid, sub-prime, target, wachovia, wal-mart, wells fargo, you can't fix stupid on October 9, 2008 | Leave a Comment »
Yup. You may not be able to fix stupid, but in this case, I think it’s perfectly legal to kill it.
Wow! I thought the majority of discrimination had been eliminated nowadays. Clearly I’m wrong and somewhat naïve though. Can you believe it? American Express is now openly admitting that they are lowering their credit exposure [...]
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