According to an article in Law.com, one can surmise that President Obama‘s Credit CARD Act has not given Capital One pause, among other banks like Bank of America; all being banks bailed out by America. The Act limits when credit card interest rates can be increased on existing balances and allows consumers whose interest rates have been increased to reduce their annual percentage rates (APRs) to previous levels if they’ve honored their contract for six months.
Ryan Schneider, president of Capital One Financial, stated in a letter to Rep. Betsy Markey, he will not raise rates as she requested after she had drafted a letter signed by 17 members of Congress. They continue to raise rates in New York, but slyly, through the practice of imposing annual fees that were waived in prior years for their customers in good standing. When annual fees are challenged, they point to the economy and their credit card losses. How ironic and arrogant.
[...] Lee Pegram presents President Obama vs. Capital One [...]
[...] Lee Pegram presents President Obama vs. Capital One [...]
[...] Lee Pegram presents President Obama vs. Capital One posted at The koH Resources [...]
very useful post. I would love to follow you on twitter.
I am really enjoying reading your well written articles. It looks like you spend a lot of effort and time on your blog. I have bookmarked it and I am looking forward to reading new articles. Keep up the good work!
I am really enjoying reading your well written articles. Keep up the good work!
Capital One is not that bad when compared to JP Morgan/ Chase or Bank of America!
“all 11 of the incumbent House Republicans facing challengers came out on top” And this is EXACTLY the problem with our country. If a candidate voted for bank bailouts, they should be thrown out. If a candidate joined the “Us vs. Them”, partisan, fillibuster fiasco and refused to reach across party lines during the negotiation of the health care bill, they should be thrown out. If the candidate is a follower that simply projects his career along the party line, he should be thrown out.If you want to shakeup Washington, throw these incumbent morons out of office. Voting the same failures right back into their congressional seat over and over again gets us nowhere. This goes for both the Republican and Democrat dittoheads.
Thank you for this specific significant post! Furthermore, i possess a webpage and i’m wanting to know, how can i download these kinds of great theme similar to your own?
I found your site via google thanks for the post. I will save it for future reference. Thanks
I feel like I’m often looking for interesting things to read about a variety of niches, but I manage to include your blog among my reads every day because you have compelling entries that I look forward to. Here’s hoping there’s a lot more amazing material coming!
Because of reading your blog, I decided to write my own. I had never been interested in keeping a blog until I saw how interesting yours was, then I was inspired!
It is great to have the chance to read a good quality post with useful information on topics that many are interested in. Continue doing what you do as we love reading your work.