Credit Card Interest rate charges are...

Credit Card Interest rate charges are too high.

Posted in the Top Stories Forum

Since: Jan 13

Lewisville, TX

#1 Jan 10, 2013
The cost of funds that big banks pay is: 1/10/13 The last reported rate is a range between: 0.00 % and 0.25%( Fed Funds rate)

Yet our government does NOTHING to keep these banks from charging 25-28% interest rates to consumers..NUTS!
I think a far rate of return in 3% over cost (0.25%) period.
Guess what the cards would be pay-off at a MUCH higher rate. Therefore lower risk. I am business conservative by this is wrong.
Sen. Warren (D) Mass is the only pro consumer advocate working on this problem.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Top Stories Discussions

Title Updated Last By Comments
Why I’m no longer a Christian (Jul '08) 4 min IT Guy 445,504
Play "end of the word" part 2 (Dec '15) 9 min Aussie Kev 2,981
Prove there's a god. (Mar '08) 21 min another viewer 974,637
News Roman Catholic church only true church, says Va... (Jul '07) 45 min Pad 658,408
The Christian Atheist debate (Jun '15) 1 hr nanoanomaly 70,108
Bush is a hero (Sep '07) 1 hr bad bob 183,446
Will Barack Obama be the Biblical anti-Christ? 1 hr Truth Teller 8
Should Black People Forgive White People for Sl... (Jun '07) 2 hr Johnny 4,936
Poll Was 9/11 a conspiracy?? (Oct '07) 6 hr Brian_G 282,869
More from around the web