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Showing posts with label credit card. Show all posts
Showing posts with label credit card. Show all posts

Friday, December 30, 2011

Another bad Verizon payment idea


Better yet, find a cell phone company that doesn't have such a stupid payment policy.

Rightardia considers Verizon to be one of the worst companies in the US. They are the top of our S-List with Bank of America.

Verizon's Internet service is also overpriced. We dropped Verizon FIOS and went back to BrightHouse Road Runner for cable and phone services. Rightardia saved a lot of money and we haven't missed FIOS for a minute.

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Thursday, November 19, 2009

Republicans screw the Middle Class again on credit card interest rates





Ryan Grim

First Posted: 11-18-09 04:59 PM   |   Updated: 11-18-09 05:46 PM

Senate Republicans blocked a Democratic effort Wednesday to immediately freeze increases in credit card interest rates, fees and finance charges.

Shortly after Democrats passed credit card reform legislation in May, the card companies began jacking up rates in advance of its implementation. Major parts of the act won't go into effect until February and August of 2010.

Earlier this month, to combat the rate hikes, the House passed legislation to move the effective date up to December 1st.

Okay, said Sen. Chris Dodd (D-Conn.), who sponsored the original bill that passed 90-5. Instead of implementing the entire basket of reforms, Dodd proposed instead simply freezing interest rate and fee hikes in advance of the holidays.

"We worked long and hard to enact the safeguards included in the Credit CARD Act," said Dodd. "And no sooner had it been signed into law, but credit card companies were looking for ways to get around the protections this Congress and the American people demanded. This bill would end those abuses and further protect customers today."

The Senate schedule is packed with nominations, health care and appropriations bills, leaving no time for a prolonged floor fight over credit cards.

The only way Democrats could pass the bill in time for the holidays would be with the support of the GOP -- all but five of which voted for it initially.
Dodd, on Wednesday afternoon, asked for unanimous consent to move the bill forward.

Thad Cochran (R-MS) banking stooge


"On behalf of several senators on this side of the aisle, I object," said Sen. Thad Cochran (R-Miss.). And that's the end of it.

source: http://www.huffingtonpost.com/2009/11/18/gop-blocks-freeze-on-cred_n_362787.html

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