Friday, February 19, 2010

Banks nervously await new credit card law -- sniff ... sniff

Banks are going to lose some money, but from their record profits not their pockets. Yeah the new law limits how much can they steal from you at a time... and of course they complain while trying to find new creative ways to add some more fees to your statement. Good or bad credit does not matter. Actually the ones that are going to pay are the people with good credit since they are the ones still around with some money in their pocket. According to the article "Issuers will continue to experiment with new methods aimed at reviving the profits they once enjoyed."

Enjoy the article

No comments:

Post a Comment