Actually, GET OUT the SCISSORS and CLIP, CLIP, CLIP!
Turn the CREDIT CARD into CONFETTI like ME!
"JPMorgan raises credit card fee" By Bloomberg News | June 25, 2009
NEW YORK - JPMorgan Chase & Co. is raising some balance-transfer fees on credit cards to 5 percent, the highest among the nation’s largest banks, citing increasing regulations and costs after the United States put new curbs on the industry.
Yeah, thanks for the help!
The lender starts charging more in August, just as the law to curb interest-rate increases, fees, and marketing practices begins to take effect. The credit card law President Obama signed May 22 prompted warnings from industry executives that they’d be forced to raise fees, curtail credit, and restrict consumer rewards programs....
Yeah, thanks for pitching in during this time of crisis, you usurious f***s!!!!
Related: Heading to the ATM
The increase also applies to cash advances, and fixed interest rates will become variable....
So Obama's big movement turned out to be a bowel when it came to US consumers, 'eh?
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NEW YORK - JPMorgan Chase & Co., the biggest US credit card issuer, plans to raise the minimum payment on balances to 5 percent for some customers, less than a month before new federal curbs begin to take hold.
The increase from 2 percent starts in August, Chase said in a notice received by customers in June. Customers who pay less than the minimum may be charged extra fees, the bank’s website says....
And they wonder why they have an image problem?
Where is the line?
Anyone else?
The change is at least the second disclosed by JPMorgan, which told consumers this month balance-transfer fees will rise to 5 percent. Card issuers have said a law signed by President Obama to restrict interest-rate increases and penalties will push up fees, curtail credit, and restrict rewards. The law was aimed at practices that are unfair to consumers.
Yeah, somehow we are ALWAYS getting F***ED by the BANKS!!
And THEY WONDER why we are ANGRY?
Citigroup Inc. raised rates on as many as 15 million credit card accounts....
--more--"For BONUSES, folks!! Really WARMS YOU UP to them, doesn't it?
"Citi boosts salaries as bonus caps take hold" by Martin Crutsinger and Stephen Bernard, Associated Press | June 25, 2009
WASHINGTON - Citigroup Inc. is increasing the base salaries of many employees - reportedly by as much as 50 percent - as it restructures their compensation amid government restrictions on bonuses.
The Obama administration reacted by pledging to aggressively implement a new law governing compensation at companies that have received taxpayer-funded bailouts. Citi, which is examining “ways to ensure its employee compensation practices are competitive,’’ has received $45 billion.
Too late, 'bamer! Sure that wasn't the point? We know who is funding you!
Administration officials refused to say whether Citigroup informed the government in advance of its decision.
Why would they? The GOVERNMENT WORKS FOR THEM!
Higher salaries at Citigroup are not the equivalent of annual raises, because bonuses are being lowered, said a person familiar with the matter....
Translation: We will GET YOU the TAXPAYER LOOT SOMEHOW, SOMEWAY!!!!
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