
David & Goliath: How Customers are Sticking it to the Big Banks

( Daniel Leninger ) Last November, Mint reported at length on the many ways that banks and creditors were sticking it to consumers in anticipation of the The Credit Card Accountability Responsibility and Disclosure Act of 2009 (set to take effect in February.) Among the various unsavory practices were sudden interest rate hikes, strict enforcement of overdraft fees, “due date roulette”, reduced credit limits and universal default – all of which will soon be prohibited. And despite often being depicted as helpless and uneducated, consumers have begun retaliating by hitting the big banks where it hurts – at their bottom line. Slowly but surely, people are concluding that it is simply not worth transacting with institutions that mistreat them, and are beginning to take their business elsewhere instead. Consumer rebellion against banks has …










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EncourageGuru (Terry Cole) : Each day of our lives we make deposits in the memory banks of our children. -- Charles R. Swindoll http://dld.bz/mdFs.. Updated : 2010-07-29T20:29:09Z | Reply | View Tweet |
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musikzcommunity (Paddy Ku) : Lloyd Banks - Any Girl Feat. Lloyd - Official Song http://bit.ly/bScscX.. Updated : 2010-07-29T20:29:02Z | Reply | View Tweet |
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brockman88 (Will Brockman) : me and banks might be the last 2 people on earth without a blackberry or droid.. Updated : 2010-07-29T20:28:45Z | Reply | View Tweet |
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Jooblay (Darwin Kloud) : Governments oh ya why dont you tell the Humans about 1913 International Banks!.. Updated : 2010-07-29T20:28:37Z | Reply | View Tweet |
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littulNesh (Littul Nesh) : Juss Got Off Workk , Onn My Wayy Home - Thinkinn I Had Funn In The #Orchards Last Night Wit My Second Family :) Where Is @AshNic && @Banks.. Updated : 2010-07-29T20:28:17Z | Reply | View Tweet |
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An open letter to conservatives
[Political Opinion]You're going to have to come up with a platform that isn't built on a foundation of cowardice: fear of people with colors, religions, cultures and sex lives that differ from your own; fear of reform in banking, health care, energy; fantasy fears of America being transformed into an Islamic nation...
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