Credit Rules Change: 'Consumer Protections' Killing Those Intended ...

By PSD

Annual fees, for the last decade or so relegated to the realm of those trying to establish or repair credit scores and unheard of to most 'A-grade' borrowers, are making a comeback. Lots of cards that used to carry no fees if the borrower didn't carry a balance are now charging 'account maintenance' fees of $29-39, and the old cards that always carried those fees are cranking rates up, sometimes to the tune of $75 or more. The final common change is to 'perks' programs ...

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