Comments on: Congress pretends to rein in credit card companies with a wink, a nod and probably some nice contributions http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/ Sun, 22 Nov 2009 00:47:42 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Uppity Woman http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1208293 Uppity Woman Sun, 24 May 2009 00:15:58 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1208293 They do make money off of you. They take a percentage from the vendor you shop with. So the best thing to do is stop using their cards. Not cancel them. Just let them sit and let them fester. They do make money off of you. They take a percentage from the vendor you shop with. So the best thing to do is stop using their cards. Not cancel them. Just let them sit and let them fester.

]]> By: Constant Weader http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1207069 Constant Weader Thu, 21 May 2009 01:00:20 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1207069 What burns me is that the bill apparently encourages companies to RAISE my rates. I always pay my bill off, so the bank credit card company doesn't make any money on me (& why should they -- they're using the money I keep in the bank at little or no interest). But now they say since they'll lose so much by having to be more honest with folks who run a balance, they are forced to gouge me. The Constant Weader at www.RealityChex.com What burns me is that the bill apparently encourages companies to RAISE my rates. I always pay my bill off, so the bank credit card company doesn’t make any money on me (& why should they — they’re using the money I keep in the bank at little or no interest). But now they say since they’ll lose so much by having to be more honest with folks who run a balance, they are forced to gouge me.

The Constant Weader at http://www.RealityChex.com

]]> By: Pages tagged "rat" http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206996 Pages tagged "rat" Wed, 20 May 2009 20:36:23 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206996 [...] bookmarks tagged rat Congress pretends to rein in credit card companies... saved by 5 others     Jesseh21 bookmarked on 05/20/09 | [...] [...] bookmarks tagged rat Congress pretends to rein in credit card companies… saved by 5 others     Jesseh21 bookmarked on 05/20/09 | [...]

]]> By: socalannie http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206794 socalannie Wed, 20 May 2009 04:43:29 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206794 The worthless LA Times naturally is spinning this as something great for consumers. The article says Dodd's bill "prohibits <em>arbitrary</em> interest rate increases", but of course does not explain what constitutes an arbitrary interest rate increase, nor does it even talk about the fact that there is no cap. What a joke. We just received two ridiculously arbitrary interest rate hikes from one bank (Chase) in the past two months. Never missed a payment, never was late, and our credit rating is very good. These f*&ked up credit card cos. are going to screw us all, and the witless wonders in congress will sit back & collect their $. Great article, Uppity...as usual! The worthless LA Times naturally is spinning this as something great for consumers. The article says Dodd’s bill “prohibits arbitrary interest rate increases”, but of course does not explain what constitutes an arbitrary interest rate increase, nor does it even talk about the fact that there is no cap. What a joke. We just received two ridiculously arbitrary interest rate hikes from one bank (Chase) in the past two months. Never missed a payment, never was late, and our credit rating is very good. These f*&ked up credit card cos. are going to screw us all, and the witless wonders in congress will sit back & collect their $.

Great article, Uppity…as usual!

]]> By: Let the Credit Card Games Begin! : NO QUARTER http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206776 Let the Credit Card Games Begin! : NO QUARTER Wed, 20 May 2009 03:45:34 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206776 [...] of control to the ravenous appetites of the already profit-bloated credit card companies. But as Uppity Woman reported earlier, don’t get too excited about real reform from those who are supposed to be [...] [...] of control to the ravenous appetites of the already profit-bloated credit card companies. But as Uppity Woman reported earlier, don’t get too excited about real reform from those who are supposed to be [...]

]]> By: fif http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206766 fif Wed, 20 May 2009 03:13:16 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206766 Yes, remember that was his lame excuse for not capping rates? "It wasn't enough." So, now there is no cap at all? Meanwhile, the media broadcasts every one of these empty pieces of theatre as if he is the most Transformative Leader Evah! Yes, remember that was his lame excuse for not capping rates? “It wasn’t enough.” So, now there is no cap at all? Meanwhile, the media broadcasts every one of these empty pieces of theatre as if he is the most Transformative Leader Evah!

]]> By: Wisewoman http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206686 Wisewoman Tue, 19 May 2009 23:31:52 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206686 Another issue Hillary promised to really do something about by capping interest rates, Obama attacked her for her position then tried to say he would bring even more reform. He always lies, reneges, and obusicates on each and every issue. I am AA and I truly despise the lying, race-baiting POS. Another issue Hillary promised to really do something about by capping interest rates, Obama attacked her for her position then tried to say he would bring even more reform. He always lies, reneges, and obusicates on each and every issue. I am AA and I truly despise the lying, race-baiting POS.

]]> By: foxyladi14 http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206676 foxyladi14 Tue, 19 May 2009 22:48:20 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206676 hat tip to Uppity... hat tip to Uppity…

]]> By: jangles http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206668 jangles Tue, 19 May 2009 22:31:42 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206668 Pay off all credit cards and destroy them. If you have balances, set up automatic payments to ensure you are not late. I thought they might bring about at least some minimum reform. Can we flood capital hill with a one word salute: SELLOUT Pay off all credit cards and destroy them. If you have balances, set up automatic payments to ensure you are not late.

I thought they might bring about at least some minimum reform.

Can we flood capital hill with a one word salute: SELLOUT

]]> By: LesleeE http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206663 LesleeE Tue, 19 May 2009 22:06:32 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206663 Yes, you’re right Ani. My first thought was about the lost opportunity to do something back then. What hope do we have of any real reform with 0 and a VP owned by the credit card companies, and a media obsessed with M's arms and Bo the dog. It’s sickening. I never thought I would see reporting reach this abysmal level, but hey, whadya know, we have! Thank you UW, excellent as usual. Yes, you’re right Ani. My first thought was about the lost opportunity to do something back then. What hope do we have of any real reform with 0 and a VP owned by the credit card companies, and a media obsessed with M’s arms and Bo the dog. It’s sickening. I never thought I would see reporting reach this abysmal level, but hey, whadya know, we have!
Thank you UW, excellent as usual.

]]> By: Peggy Sue http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206660 Peggy Sue Tue, 19 May 2009 21:49:54 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206660 The credit card reform was written by the credit card companies; the bank bailouts by the banksters; the car industry salvaged via the unions and environmentalists [just can't wait to buy one of those newly designed, get killed-in-a-second autos], and the health care program is being concocted by the insurance and pharmaceutical firms. Oh Happy Days! Obama and his minions promised change. What we're getting is one monumental disaster after another. The Big Lie is as "big" under the Dems as it was under the Repugs. And I understand the credit card companies will most likely reinstitute annual fees to their "good" customers to make up for lost profits from all this profit-leveling, gut-wrenching reform. Hahahaha! It's almost funny. Except it's not. We need to vote these bums out, regardless of party affiliation. They've all taken a dive! Good piece, Uppity. The credit card reform was written by the credit card companies; the bank bailouts by the banksters; the car industry salvaged via the unions and environmentalists [just can't wait to buy one of those newly designed, get killed-in-a-second autos], and the health care program is being concocted by the insurance and pharmaceutical firms.

Oh Happy Days!

Obama and his minions promised change. What we’re getting is one monumental disaster after another.

The Big Lie is as “big” under the Dems as it was under the Repugs.

And I understand the credit card companies will most likely reinstitute annual fees to their “good” customers to make up for lost profits from all this profit-leveling, gut-wrenching reform.

Hahahaha!

It’s almost funny. Except it’s not. We need to vote these bums out, regardless of party affiliation. They’ve all taken a dive!

Good piece, Uppity.

]]> By: alibe http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206656 alibe Tue, 19 May 2009 21:23:28 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206656 Sounds like this "reform" was written by the credit card companies. The increase in the obscene interest rate can't be raised until 45 days after. Gives one more time to charge things to have the huge interest rate attached. It is so good NOT to be a Demopuglican anymore. Sounds like this “reform” was written by the credit card companies. The increase in the obscene interest rate can’t be raised until 45 days after. Gives one more time to charge things to have the huge interest rate attached. It is so good NOT to be a Demopuglican anymore.

]]> By: tango http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206646 tango Tue, 19 May 2009 20:16:53 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206646 Oh they're not hypocrites. Haven't you learned yet? Obama and the greatest Administration ever are just being "flexbile" and "pragmatic" when they flip flop. http://www.latimes.com/news/nationworld/nation/la-na-obama-changes17-2009may17,0,11647.story Oh they’re not hypocrites. Haven’t you learned yet? Obama and the greatest Administration ever are just being “flexbile” and “pragmatic” when they flip flop.

http://www.latimes.com/news/nationworld/nation/la-na-obama-changes17-2009may17,0,11647.story

]]> By: tek http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206618 tek Tue, 19 May 2009 18:24:10 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206618 The bill also allows loaded handguns in national parks and refuges, a bill Harry Reid blocked in the Bush administration but voted for in Obama's bill. Bunch of hypocrites. The bill also allows loaded handguns in national parks and refuges, a bill Harry Reid blocked in the Bush administration but voted for in Obama’s bill. Bunch of hypocrites.

]]> By: Micheal Steele Speaks in Maryland http://www.noquarterusa.net/blog/2009/05/19/congress-pretends-to-rein-in-credit-card-companies-with-a-wink-a-nod-and-probably-some-nice-contributions/#comment-1206612 Micheal Steele Speaks in Maryland Tue, 19 May 2009 17:59:44 +0000 http://www.noquarterusa.net/blog/?p=24811#comment-1206612 [...] smaller blogs who will never support Barak Obama for re-election. Blogs such as MyTownTalks and NoQuarterUSA. Both of these sites have the potential to take on the Huffington Post and the Daily Kos, if they [...] [...] smaller blogs who will never support Barak Obama for re-election. Blogs such as MyTownTalks and NoQuarterUSA. Both of these sites have the potential to take on the Huffington Post and the Daily Kos, if they [...]

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