Credit Card Reform Bill

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Comments

  • Anon
    Anon Posts: 11,175
    Well if you pay it on time you don't have much to worry about, right?

    People should know that they are playing with fire, yet here is another law coming out to protect the stupid and weak.
  • Anon
    Anon Posts: 11,175
    prfctlefts wrote:

    I think it's cruel to see Obama offering the illusion of hope for credit card victims while denying them real relief.

    What kind of relief should they get? I don't believe they should get anything.
  • soulsinging
    soulsinging Posts: 13,202
    JB811 wrote:
    Well if you pay it on time you don't have much to worry about, right?

    People should know that they are playing with fire, yet here is another law coming out to protect the stupid and weak.

    With power comes responsibility. We have laws against fraud specifically to protect people from using specialized knowledge to take advantage of those that do not have it. You cannot make up problems with a car to milk a customer out of money for repairs that are unnecessary. A doctor cannot browbeat you into obtaining unnecessary procedures because they're expensive and he makes $ from it. As an attorney, I should not abuse my legal knowledge to cheat you out of a contract that I know you don't understand by hiding/burying information that nobody other than me can figure out. And credit card companies should not be able to do this either. I went to a top notch national law school and had classmates that were also getting MBA's from our partner national business school. NONE of us can make a damn bit of sense of a credit card agreement. They are written specifically to be misleading, to bury important information, and to confuse consumers in order to take advantage of and defraud them. That's wrong. And when you consistently demonstrate that your industry is unwilling to regulate itself and conduct business ethically, then it is entirely appropriate for the government to regulate that industry to protect consumers.
  • WaveCameCrashin
    WaveCameCrashin Posts: 2,929
    JB811 wrote:
    Well if you pay it on time you don't have much to worry about, right?

    People should know that they are playing with fire, yet here is another law coming out to protect the stupid and weak.

    Doing Everything But Thinking

    D. E. B. T.

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