Ecommerce BuZZ! – Ecommerce News Around the World
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A Look at Bankers’ Fee Income Challenges
Dec 28th
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n an document titled "Consumer Fees: The Hits Keep Coming", Maria Aspan writes for the American Banker approximate how bankers are scrambling to sell with the battle on various banking and credit card fees – noting that "the banking industry has been shaken out of its complacent reliance on consumer payment income." Aspan quotes Glenbrook’s Carol Coye Benson:
Credit Card Tricks and Traps
Dec 19th
Image by Getty Images via Daylife
In a post titled " New Credit Card Tricks, Traps, and 79.9% APRs " on the Credit Slips blog, Adam Levitin says that "the card industry is at it again, devising new tricks and traps to disguise the cost of its products and avoid price competition."
The card industry is at it again, devising new tricks and traps to disguise the cost of its products and avoid price competition. Unfortunately, this was exactly what I predicted in the wake of the Credit CARD Act. I was a vocal supporter of the Credit CARD Act, but I also viewed it as a missed opportunity. Congress focused on prohibiting particular abusive credit card practices, but left the door wide open for the card industry to put all of its ingenuity to work devising new substitute practices. Far better if Congress had taken up a regulatory model that permitted card issuers to charge only certain specified types of fees (at whatever level).
Credit Card Tricks and Traps
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Dec 9th
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Dec 9th
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Dec 8th
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Dec 8th
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Dec 8th
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Dec 8th
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Dec 8th
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Dec 8th
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