TromboneAl
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 30, 2006
- Messages
- 12,880
This is a new one. I got an credit card agreement amendment letter from BofA today -- the kind of thing no one ever reads.
Here's one of the new policies:
How do they get away with this stuff? I respect their right to put any kind of charges that they want, but this business of having a charge that you don't have to pay as long as you read the fine print is not right. I'm guessing that allowing rejection allows them to get around some regulation.
Mod EDIT: Changed code to quote to fix wider-than-screen problem. -BMJ
Here's one of the new policies:
MINIMUM FINANCE CHARGE
Your account will now have a minimum finance charge of $1.50 per month. You may reject this by writing us a letter telling us you reject this charge. We added a 1Minimum Finance Charge primarily due to a change in our business practices.
How do they get away with this stuff? I respect their right to put any kind of charges that they want, but this business of having a charge that you don't have to pay as long as you read the fine print is not right. I'm guessing that allowing rejection allows them to get around some regulation.
Mod EDIT: Changed code to quote to fix wider-than-screen problem. -BMJ