Responsible and responsive to consumers’ needs?
© Copyright Frank D. Kanu 2000-2008
Panel slams banks over credit practices
Sen. Norm Coleman of Minnesota, the panel’s senior Republican, said high interest rates on credit cards, “hefty fees and crippling penalties impede more and more hard-working families from pursuing their American dream.”
The problem is worsened by the “impenetrable” language of credit card disclosures provided to consumers, he said.
Still, “Executives of three major banks defended their credit card practices as responsible and responsive to consumers’ needs”
Technorati (All Links are external): american dream banks consumers credit card disclosures credit card practices credit cards hard working hefty fees high interest rates impede impenetrable language norm coleman republican working families business ethics general politics
Panel slams banks over credit practices
Sen. Norm Coleman of Minnesota, the panel’s senior Republican, said high interest rates on credit cards, “hefty fees and crippling penalties impede more and more hard-working families from pursuing their American dream.”
The problem is worsened by the “impenetrable” language of credit card disclosures provided to consumers, he said.
Still, “Executives of three major banks defended their credit card practices as responsible and responsive to consumers’ needs”
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american dream banks consumers credit card disclosures credit card practices credit cards hard working hefty fees high interest rates impede impenetrable language norm coleman republican working familiesTechnorati (All Links are external): american dream banks consumers credit card disclosures credit card practices credit cards hard working hefty fees high interest rates impede impenetrable language norm coleman republican working families business ethics general politics
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