Comments on: U.S. Credit Card Industry Faces Much Greater Regulation http://www.seniormoneymemos.com/2009/05/20/us-credit-card-industry-faces-much-greater-regulation/ Personal Finance From A Senior Perspective Fri, 23 Dec 2011 13:19:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Barry Welford http://www.seniormoneymemos.com/2009/05/20/us-credit-card-industry-faces-much-greater-regulation/comment-page-1/#comment-395 Barry Welford Mon, 25 May 2009 05:40:56 +0000 http://www.seniormoneymemos.com/?p=865#comment-395 Hi Donna, You're right they will try to make it up somewhere else. In Canada another big concern is the fees they are charging merchants. Any hike there just gets past through to the consumer. Unfortunately Visa and Mastercard do not have strong competitors. Hi Donna,
You’re right they will try to make it up somewhere else. In Canada another big concern is the fees they are charging merchants. Any hike there just gets past through to the consumer. Unfortunately Visa and Mastercard do not have strong competitors.

]]> By: Donna http://www.seniormoneymemos.com/2009/05/20/us-credit-card-industry-faces-much-greater-regulation/comment-page-1/#comment-393 Donna Mon, 25 May 2009 04:18:59 +0000 http://www.seniormoneymemos.com/?p=865#comment-393 Hi Barry, While I like the new regulations that favor the cardholder more, I believe the U.S. banks will have to make up for their loss of profits by charging the "good" customers that pay off their card each month. This will be done by charging you the minute your card is swiped until the payment is due. :( Hi Barry,

While I like the new regulations that favor the cardholder more, I believe the U.S. banks will have to make up for their loss of profits by charging the “good” customers that pay off their card each month. This will be done by charging you the minute your card is swiped until the payment is due. :(

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