Posted on Wednesday, 10th February 2010 by admin
I like to think of myself as a pretty big consumer advocate. I can and do call out banks on their outrageous credit card practices. I strongly supported the CARD act and would have supported an even tougher law. You know that someone is taking their feelings too far when even I start to roll my eyes.
Credit Card Protester Takes Campaign To MSNBC
The story in the Huffington Post wasn’t too bad, but watching the video was downright painful. I don’t know who was worse, the protesting consumer or the sycophantic TV personality and his terrible questions. Where do I begin? For one, why would you protest credit cards at ATMs? I have never, in my entire life, used a credit card at an ATM. Check cards and debit cards, sure, but you get the worst possible rate when you withdraw cash with a credit card from an ATM. Secondly, most of my credit cards come from banks who don’t have ATMs. I suppose there might be an American Express ATM or a Capitol One ATM somewhere, but I haven’t seen it. The stupid stickers that these people are putting up are, at best, a minor nuisance to remove for the people who service the machines. At worst, they are probably just going to end up as litter in the parking lot. Finally, the entire interview is devoid of any mention of the CARD act, which takes effect in just a few days! How could you possibly talk about this subject, at this moment in history, and not even mention CARD?
What Does This Guy Want?
Amazingly, he is able to articulate five demands. Let’s take a look:
1) Print the interest rate on each card. I don’t know how this would work. Do you get a new car
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Tags: Card, Card Rant
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