With the Senate’s recent interest in bringing credit card companies to task for their ridiculous fees and policies, ConsumerAffairs has a few suggestions for banks to become more consumer friendly:
senate
Senate Hearing Attacks Credit Cards' Ridiculous Fees
By 3.8.07
A Senate hearing today called up executives in the credit card industry to defend their anti-consumer practices, their explanations provoking laughter from the crowd.
Watch Sexy Webcam of Senate Predatory Lending Hearings
By 2.9.07
The Senate Banking Committee held a hearing Wednesday on predatory lending practices titled: “Preserving the American Dream: Predatory Lending Practices and Home Foreclosures.”
Senate Credit Card Hearing: "Take a Long, Hard Look at How You Treat Your Customers."
By 1.26.07
CNN has the highlights of the Senate Credit Card Hearing and Senator Dodd issued the smackdown WWF (WWE?) style: “If you currently engage in any business practice that you would be ashamed to discuss before this Committee, I would strongly encourage you to cease and desist that practice.
Watch Sexy Credit Card Senate Hearing Cam!
By 1.26.07
- Guests include Elizabeth Warren, Leo Gottleib Professor of Law and author of The Two Income Trap: Why Middle Class Mothers and Fathers are Going Broke, Harvard Law School; Dr. Robert Manning, Professor of Finance and Author of Credit Card Nation, Rochester Institute of Technology; John Finneran , President of Corporate Reputation and Governance, CapitalOne Financial; Richard Vague, Chief Executive Officer, Barclaycard US; Carter Franke, Executive Vice President of Marketing, JP Morgan Chase & Co.; Tamara Draut, Director, Economic Opportunity Programs, Demos; and Travis Plunkett, Legislative Director, Consumer Federation of America.
Ohh, CapitalOne. If they show up late we hope the senate charges them a fee.—MEGHANN MARCO
Payday Loanshark’s Waters Drain
By 10.4.06
A proposed cap on payday loan percentages charged to members of the military is nearing final approval. The bill aims to limit the vigorish to 36%, down from the usual 350%. Great, how about the rest of us?
