Archive for category Government
How does the Dodd credit card bill help consumers?
Posted by admin in Government on July 17, 2009
vivayvida asked:
The bill allows people to take guns into national parks, good news for families I guess?
The bill suggest credit cards access fees to those who pay off their balance every month? The bill says that no matter what the initial interest rate is (meaning it can be much higher than it is now), credit cards cannot raise their rates if someone misses one payment (but can if they miss 2). Banks get money for almost 0%, yet credit card companies can charge whatever? I do not see any advantages to this bill. I suggest that all of us who pay off our balances each month not use our cards for 3 or more days and see if anyone gets a message. We can pay bills electronically with our bank accounts. Start using cash again and save some. You spend more using credit anyways.
So why not see if we can just quit using our credit cards for a while. Our government is encouraging banks to ream us with interest and bank charges and it is touted as a good bill? Why?
What’s in it for those of us keeping the system going? Why isn’t there a lower cap on interest rates?
“Child safety is an important issue. Firearms injuries are the second leading cause of non-natural death in childhood and adolescence. (CDC, 2004) Accidental shooting deaths are most commonly associated with one or more children playing with a gun they found in the home. (Choi, et al, 1994) The person pulling the trigger is a friend, family member, or the victim. (Harruff, 1992) In the period from 1979 to 2000, accidental firearms deaths involving children declined in the U.S., aided by child access prevention laws and felony prosecution of offenders. (Hepburn et al, 2006) A study of nonnatural deaths in a large American city revealed that half of such deaths in persons from 10 to 19 years of age were due to homicide, and firearms were involved in 88% of them. (Heninger and Hanzlick, 2008)”
http://library.med.utah.edu/WebPath/TUTORIAL/GUNS/GUNSTAT.html
John
The bill allows people to take guns into national parks, good news for families I guess?
The bill suggest credit cards access fees to those who pay off their balance every month? The bill says that no matter what the initial interest rate is (meaning it can be much higher than it is now), credit cards cannot raise their rates if someone misses one payment (but can if they miss 2). Banks get money for almost 0%, yet credit card companies can charge whatever? I do not see any advantages to this bill. I suggest that all of us who pay off our balances each month not use our cards for 3 or more days and see if anyone gets a message. We can pay bills electronically with our bank accounts. Start using cash again and save some. You spend more using credit anyways.
So why not see if we can just quit using our credit cards for a while. Our government is encouraging banks to ream us with interest and bank charges and it is touted as a good bill? Why?
What’s in it for those of us keeping the system going? Why isn’t there a lower cap on interest rates?
“Child safety is an important issue. Firearms injuries are the second leading cause of non-natural death in childhood and adolescence. (CDC, 2004) Accidental shooting deaths are most commonly associated with one or more children playing with a gun they found in the home. (Choi, et al, 1994) The person pulling the trigger is a friend, family member, or the victim. (Harruff, 1992) In the period from 1979 to 2000, accidental firearms deaths involving children declined in the U.S., aided by child access prevention laws and felony prosecution of offenders. (Hepburn et al, 2006) A study of nonnatural deaths in a large American city revealed that half of such deaths in persons from 10 to 19 years of age were due to homicide, and firearms were involved in 88% of them. (Heninger and Hanzlick, 2008)”
http://library.med.utah.edu/WebPath/TUTORIAL/GUNS/GUNSTAT.html
John