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It’s a Fee-for-All as Credit Card Companies

In the wake of recently enacted legislation limiting how much credit card issuers can charge and for what, banks are cooking up innovative fees and fines

…In the wake of recently enacted legislation limiting how much credit card issuers can charge and for what, banks are cooking up innovative fees and fines and new ways of implementing them.
The new limitations that spurred this cash-reaping renaissance are, for the most part, reasonable. For instance, one states that consumers paying more than 19 percent interest on more than $20,000 debt racked up during online shopping sprees must be given a barrel with comically large suspenders attached.
Nevertheless, the best and brightest and most evil minds at the credit card companies are hard at work looking for nanotube-sized loopholes to make up lost revenues.
This should surprise nobody. Credit card companies are, in essence, giant juggernauts designed for the sole purpose of coming up with ways to charge money for intangible, and in some cases incomprehensible, services. They are unstoppable entities that don’t feel pity or remorse or fear and will absolutely not stop, ever, until you fork over $35. Attempts to…

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It’s a Fee-for-All as Credit Card Companies

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