Banksters Rush To Screw Customers Ahead Of Rule Changes
Banks Roll Out New Check, Card Fees
"The nation's banks will be bombarding customers with new fees and products in 2010 as they try to replace more than $50 billion in revenue wiped out by new rules that clamp down on certain business practices.
So far, the changes are mostly concentrated in checking accounts and credit cards. In addition to attaching new fees to old products, banks are introducing new types of accounts that they hope will reel in new customers and reduce their funding costs.
For plastic, the new rules go into effect in February as part of the Credit Card Act of 2009. The rules will limit some interest-rate increases, require more disclosure to customers and prohibit banks from raising interest rates on current balances unless a customer is at least 60 days behind in a payment."
Because the parasitic scum feel entitled to a maintained level of immense profit, they've brainstormed these last months to find every possible way to nickel and dime their customers. So now we're seeing a mad scramble as the banks hurriedly ram through higher rates and account changes before February. Better take a good look at any agreement that you have with a bank. Some of the criminals are even going to charge you for them mailing your monthly bill, or assess you a fee if you don't keep an outstanding revolving credit balance.
They're cutting their own throats of course. What they want is the same usurious situation that they had before this depression set in but it's different now. They partied hard with trillions of our money, as a result they're living in a bubble of insanely unrealistic expectation and think the party never ends. The public has been drained of money and faith and most of all, patience. Millions of people will cut their cards and cancel their accounts before playing by the banks' new extortion rules.
"The nation's banks will be bombarding customers with new fees and products in 2010 as they try to replace more than $50 billion in revenue wiped out by new rules that clamp down on certain business practices.
So far, the changes are mostly concentrated in checking accounts and credit cards. In addition to attaching new fees to old products, banks are introducing new types of accounts that they hope will reel in new customers and reduce their funding costs.
For plastic, the new rules go into effect in February as part of the Credit Card Act of 2009. The rules will limit some interest-rate increases, require more disclosure to customers and prohibit banks from raising interest rates on current balances unless a customer is at least 60 days behind in a payment."
Because the parasitic scum feel entitled to a maintained level of immense profit, they've brainstormed these last months to find every possible way to nickel and dime their customers. So now we're seeing a mad scramble as the banks hurriedly ram through higher rates and account changes before February. Better take a good look at any agreement that you have with a bank. Some of the criminals are even going to charge you for them mailing your monthly bill, or assess you a fee if you don't keep an outstanding revolving credit balance.
They're cutting their own throats of course. What they want is the same usurious situation that they had before this depression set in but it's different now. They partied hard with trillions of our money, as a result they're living in a bubble of insanely unrealistic expectation and think the party never ends. The public has been drained of money and faith and most of all, patience. Millions of people will cut their cards and cancel their accounts before playing by the banks' new extortion rules.
posted by nolocontendere at 4:56 AM
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