Credit card industry under fire

Credit card industry under fire

There are 7 comments on the The Morning Call story from Dec 5, 2007, titled Credit card industry under fire. In it, The Morning Call reports that:

Credit-card executives on Tuesday deflected congressional criticism of their practice of using falling credit scores to charge customers higher interest rates.

Join the discussion below, or Read more at The Morning Call.

mjd

Emmaus, PA

#1 Dec 5, 2007
I'll start by saying I am not defending the credit card companies tactics.policies, etc... There is a lot of room for reform, however, personal responsibility MUST be considered - there is a big distinction between a want and a need and that must be weighed by every consumer before taking on even more credit card debt. Live within your means.
FRANK

United States

#2 Dec 5, 2007
IT APPEARS BANK OF AMERICA DOES NOT CARE ABOUT LEGAL MATTERS , OR WHAT IS GOOD FOR THE COUNTRY AND THUS THE CITIZENS OF THE U.S. THEY PROVED THAT WHEN THEY LET EVERYONE KNOW THEY WOULD DO AND DO ALLOW THEMSELVES TO DO BUSINESS WITH ILLEGAL ALIENS. THEY DO NOT CARE ABOUT ANYTHING BUT PROFIT NO MATTER WHAT THEY HAVE TO DO GET IT. THESE COLLEGE PEOPLE OBVIOUSLY DROP THEIR ETHICS AND MORALS ON THE STAGE WHEN THEY WALK ED ACROSS IT AT GRADUATION. EVERYBODY DOES NOT NEED TO BE A BUTT KISSER FOR THE BOSS AND WALL STREET, HAVE SOME GUTS FIX THIS PROBLEM. I WILL BET THEY CALL THEMSELVES LEADERS.
Guess who

Las Vegas, NV

#3 Dec 5, 2007
Employers should pay cash to employees that was they are not subject to all the bank fees.

Since: Jul 07

Lehigh Valley, PA

#4 Dec 5, 2007
mjd wrote:
I'll start by saying I am not defending the credit card companies tactics.policies, etc... There is a lot of room for reform, however, personal responsibility MUST be considered - there is a big distinction between a want and a need and that must be weighed by every consumer before taking on even more credit card debt. Live within your means.
That the problem. Personal responsibility ISN'T considered.

A credit card customer who is indeed demonstrating personal responsibility by paying on time, not exceeding their limits, etc, are still being targeted by that very credit card company. Targeted with some rather extreme penalties.

It would be like your boss at work firing you, because you didn't do the dishes at home that night.

Since: Jul 07

Lehigh Valley, PA

#5 Dec 5, 2007
Guess who wrote:
Employers should pay cash to employees that was they are not subject to all the bank fees.
What does that have to due with credit cards?
2nd amendment

Coaldale, PA

#6 Dec 5, 2007
Guess who wrote:
Employers should pay cash to employees that was they are not subject to all the bank fees.
What does that have to do with anything?
Flori

London, UK

#7 Mar 26, 2014
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