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Summary
Consumers are being ripped off by Credit Card Fees. Fees have increased in complexity and have risen much faster than inflation. Current fee disclosures are difficult to understand, bury important information, and do not adequately inform consumers.Political Process
The Senate Permanent Subcommittee on Investigations has recently held a hearing on this topic. /1/Rep. Sanders has filed HR 3492, the Consumer Credit Card Protection Act to address these concerns in the 110th congress.
Additional Links
GAO Report on Credit Card Fees.Consumers Union list of needed reforms
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Consumers are being ripped off by Credit Card Fees. Fees have increased in complexity and have risen much faster than inflation. Current fee disclosures are difficult to understand, bury important information, and do not adequately inform consumers.Additional Links
GAO Report on Credit Card Fees.
Consumers Union list of needed reforms
Version No. 2
This is an older version of this article.
Summary
Consumers are being ripped off by Credit Card Fees. Fees have increased in complexity and have risen much faster than inflation. Current fee disclosures are difficult to understand, bury important information, and do not adequately inform consumers.
Background
This article is a STUBB. Know more? Contribute!
Additional Links
GAO Report on Credit Card Fees.
Consumers Union list of needed reforms
Version No. 1
This is an older version of this article.
Summary
Consumers are being ripped off by Credit Card Fees. Fees have increased in complexity and have risen much faster than inflation. Current fee disclosures are difficult to understand, bury important information, and do not adequately inform consumers.
Background
This article is a STUBB. Know more? Contribute!
Additional Links
GAO Report on Credit Card Fees
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