Comments on: This afternoon President Obama will tell top executives from 14 credit card companies — including American Express, Bank of America, Discover, MasterCard and Visa — that greater consumer protections are coming for their customers, with or without their cooperation. http://www.changeinterms.com/2009/04/23/this-afternoon-president-obama-will-tell-top-executives-from-14-credit-card-companies-including-american-express-bank-of-america-discover-mastercard-and-visa-that-greater-consumer-protections/ Now We're Coming After You Thu, 19 Jan 2012 05:54:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Judy Kramer http://www.changeinterms.com/2009/04/23/this-afternoon-president-obama-will-tell-top-executives-from-14-credit-card-companies-including-american-express-bank-of-america-discover-mastercard-and-visa-that-greater-consumer-protections/comment-page-1/#comment-2200 Judy Kramer Tue, 03 Jan 2012 22:26:55 +0000 http://www.changeinterms.com/?p=1624#comment-2200 I just tried to use a gift card from Visa. In the very find print on the back, it says that if the card is not used within 1 year of activation, a $2.00 charge per month will be taken from the card. Which means eventually it will have no value. This is so wrong. I just tried to use a gift card from Visa. In the very find print on the back, it says that if the card is not used within 1 year of activation, a $2.00 charge per month will be taken from the card. Which means eventually it will have no value. This is so wrong.

]]> By: RegulateNow http://www.changeinterms.com/2009/04/23/this-afternoon-president-obama-will-tell-top-executives-from-14-credit-card-companies-including-american-express-bank-of-america-discover-mastercard-and-visa-that-greater-consumer-protections/comment-page-1/#comment-1003 RegulateNow Fri, 24 Apr 2009 01:29:28 +0000 http://www.changeinterms.com/?p=1624#comment-1003 Great point Steve! I'm not sure about the house bill HR 627, but I know the Senate bill S. 414 specifically speaks on the issue of enhanced penalties: http://www.govtrack.us/congress/billtext.xpd?bill=s111-414 SEC. 109. ENHANCED PENALTIES. Section 130(a)(2)(A) of the Truth in Lending Act (15 U.S.C. 1640(a)(2)(A)) is amended by striking ‘or (iii) in the’ and inserting the following: ‘(iii) in the case of an individual action relating to an open end consumer credit plan that is not secured by real property or a dwelling, twice the amount of any finance charge in connection with the transaction, with a minimum of $500 and a maximum of $5,000, or such higher amount as may be appropriate in the case of an established pattern or practice of such failures; or (iv) in the’. However, there is definitely a need for a stronger regulator, the OCC is a joke. Great point Steve! I’m not sure about the house bill HR 627, but I know the Senate bill S. 414 specifically speaks on the issue of enhanced penalties:

http://www.govtrack.us/congress/billtext.xpd?bill=s111-414
SEC. 109. ENHANCED PENALTIES.

Section 130(a)(2)(A) of the Truth in Lending Act (15 U.S.C. 1640(a)(2)(A)) is amended by striking ‘or (iii) in the’ and inserting the following: ‘(iii) in the case of an individual action relating to an open end consumer credit plan that is not secured by real property or a dwelling, twice the amount of any finance charge in connection with the transaction, with a minimum of $500 and a maximum of $5,000, or such higher amount as may be appropriate in the case of an established pattern or practice of such failures; or (iv) in the’.

However, there is definitely a need for a stronger regulator, the OCC is a joke.

]]> By: steve http://www.changeinterms.com/2009/04/23/this-afternoon-president-obama-will-tell-top-executives-from-14-credit-card-companies-including-american-express-bank-of-america-discover-mastercard-and-visa-that-greater-consumer-protections/comment-page-1/#comment-1001 steve Fri, 24 Apr 2009 00:51:51 +0000 http://www.changeinterms.com/?p=1624#comment-1001 the question is, will any legislation, if even pass, have teeth? Although, I heard Obama say there needs to be a new regulatory body that can take action! That would be something if that did happen. Then we could get rid of that useless OCC. the question is, will any legislation, if even pass, have teeth?
Although, I heard Obama say there needs to be a new regulatory body that can take action! That would be something if that did happen.
Then we could get rid of that useless OCC.

]]> By: spectro42 http://www.changeinterms.com/2009/04/23/this-afternoon-president-obama-will-tell-top-executives-from-14-credit-card-companies-including-american-express-bank-of-america-discover-mastercard-and-visa-that-greater-consumer-protections/comment-page-1/#comment-1000 spectro42 Fri, 24 Apr 2009 00:28:56 +0000 http://www.changeinterms.com/?p=1624#comment-1000 Is chase still lying??? Is chase still lying???

]]> By: Alessandro Machi http://www.changeinterms.com/2009/04/23/this-afternoon-president-obama-will-tell-top-executives-from-14-credit-card-companies-including-american-express-bank-of-america-discover-mastercard-and-visa-that-greater-consumer-protections/comment-page-1/#comment-999 Alessandro Machi Thu, 23 Apr 2009 23:00:52 +0000 http://www.changeinterms.com/?p=1624#comment-999 Chase Bank lied today about allowing opt out options for its customers. http://daily-protest.blogspot.com/2009/04/daily-protest-breaking-news-chase-bank.html Chase Bank lied today about allowing opt out options for its customers.

http://daily-protest.blogspot.com/2009/04/daily-protest-breaking-news-chase-bank.html

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