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Subject |
Author |
Date Posted |
Forum
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RE: WOW JC Pennys

i think it's all in rebuttle to the new rules for cc's going into effect next year. they want to make sure they don't lose any money ha!
Fed Proposes Rules on Credit Cards
REUTERS
Published: September 29, 2009
WASHINGTON (Reuters) — The Federal Reserve proposed tough credit card rules on Tuesday to protect consumers from potentially costly practices by lenders, and moved to put in place legislation enacted in May.
“This proposal is another step forward in the Federal Reserve’s efforts to ensure that consumers who rely on credit cards are treated fairly,” Elizabeth A. Duke, a Fed governor, said in a statement.
The proposals, issued for public comment, represent part of the Fed’s execution of the Credit Card Act, which was signed by President Obama in May.
The Fed adopted final rules prohibiting unfair credit card practices in December 2008. The proposals released on Tuesday amend those regulations to incorporate provisions in the new law.
“The rule bans several harmful practices and requires greater transparency in the disclosure of the terms and conditions of credit card accounts,” Ms. Duke said.
They would protect consumers from unexpected increases in credit card interest rates by generally prohibiting a rate rise in the first year after an account is opened, and increases in a rate that applies to an existing card balance.
They would also prohibit creditors from issuing a card to anyone under the age of 21 unless the borrower had either the ability to make the required payment, or had the signature of a parent or other co-signer who had the means to do so.
In addition, the proposed rules would mean a consumer’s consent would be needed before creditors could charge fees for transactions that exceed the credit limit, and would curb fees linked to subprime cards for consumers with risky credit.
They would also ban “two-cycle” billing methods, where a creditor raises an interest rate and charges the higher rate for a customers’ previous borrowing.
so far all they have accomplished is to cause the banks and cc companys to raise rates
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Jacksons
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10/15/09 09:15pm |
Around the Campfire
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RE: Mandatory form A, for when you upset the mods.

around here???? surely you jest
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Jacksons
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10/14/09 07:44pm |
Around the Campfire
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RE: Please practice safe Halloween fireworks this year!

never heard of it
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Jacksons
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10/14/09 05:51pm |
Around the Campfire
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RE: Invasive species - any where you live ?

nope, no moderators around here :b
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Jacksons
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10/14/09 11:11am |
Around the Campfire
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RE: slide out not working

my first guess is that your battery is bad,or has a bad connection to ground. clean the battery terminals and connectors
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Jacksons
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10/13/09 08:37pm |
Travel Trailers
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RE: How to avoid that plastic hose taste in the water

agree with mowermech
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Jacksons
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10/13/09 08:34pm |
Travel Trailers
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RE: Does your bank accept rolled coins for deposit?

all the time,no problem, don't even write on them
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Jacksons
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10/13/09 05:42pm |
Around the Campfire
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RE: Cold tire pressure

good information link
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Jacksons
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10/13/09 01:07pm |
Tow Vehicles
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RE: GPS PIO's

thats POI'S points of interest
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Jacksons
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10/13/09 12:58pm |
Around the Campfire
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RE: Intermittant Spark

clean the igniter wire with scotch bright,clean the ground where it is screwed to the unit,should work fine as for the ac problem not sure
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Jacksons
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10/10/09 07:32pm |
Travel Trailers
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RE: Conan, tonight show????

he 's better than Letterman, but that isn't saying much
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Jacksons
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10/10/09 05:21am |
Around the Campfire
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RE: Should Adult cyclists be allowed to roll thru stop signs ?

they can be dead right
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Jacksons
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10/09/09 09:35pm |
Around the Campfire
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RE: Should Adult cyclists be allowed to roll thru stop signs ?

+1
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Jacksons
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10/08/09 06:46pm |
Around the Campfire
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RE: Who has the rudest fans in college football?

penn state
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Jacksons
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10/08/09 07:12am |
Around the Campfire
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RE: Should Adult cyclists be allowed to roll thru stop signs ?

NO
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Jacksons
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10/06/09 12:32pm |
Around the Campfire
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RE: Tire sidewall cracking - need opinion

in the second picture i see 1801...appears to be the date code 18th week of 2001, if so, get rid of them NOW
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Jacksons
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10/06/09 05:48am |
Travel Trailers
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RE: Not Chicago but Rio

why does the IOC have to appeal to the USOC? I will bet the taxpayers in Chicago are happy
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Jacksons
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10/02/09 01:07pm |
Around the Campfire
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RE: Red light stopping, EXPLAINED

if it's not about money,they can send it to me.
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Jacksons
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10/02/09 09:14am |
Around the Campfire
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RE: do not call list??????

Apparently False.
really false link to REAL proof
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Jacksons
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10/01/09 08:21am |
Around the Campfire
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RE: Americas Got Talent Finals Vote?

that was a shock.....no talent won
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Jacksons
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09/17/09 04:32am |
Around the Campfire
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