In recent Senate hearings, representatives took aim at the credit card industry for developing a matrix of fees designed to operate as income streams rather than merely recoup costs. Some of the contract verbiage regarding fees, our Senators said, are written at the 27th grade level. At the same time, everything is presented in a seemingly reasonable, and objective manner, reminiscent of the Machiavellian intent apparent in Parago’s patent application for a rebate system that, “provides a user friendly interface, yet retains hurdles sufficient to maintain breakage.”

Slowpoke takes aim at the credit card fee quagmire, and it makes us chuckle. — BEN POPKEN

New Credit Card Fees [SlowPokeComics] (Thanks to loreshdw!)

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