Monday Feb 6th, 2012
Last update: 195 hours 7 min 43 sec ago
An online publication for the people, by the people
Last update: 195 hours 7 min 43 sec ago
An online publication for the people, by the people
Bank of America spells out credit-card fees, rates
Sun, 12/06/2009 - 20:04 — admin
By The Associated Press
November 30, 2009, 9:04AM
NEW YORK -- Bank of America is sending its credit card customers a one-page letter with a simple explanation of the interest rates and fees they're being charged starting today.
While not mandated by the federal credit card reforms to take effect in February, Bank of America's letter reflects the law's aim at making policies easier for consumers to understand. The bank with the largest retail presence in New Jersey had 397 branches in the state as of last year.
FILE - In this Oct. 16 photo, customers use ATMs at a Bank of America branch office in Boston. (AP)
| PREVIOUS COVERAGE • July 28: Bank of America will close 10 percent of branches • July 17: Bank of America earns $2.4B, as banking giants rebound |
The letter is being sent to the bank's 40 million consumer credit card holders. A sample provided to The Associated Press details the interest rates charged on purchases, balance transfers and cash advances. It also spells out all annual, transaction-based and late payment fees. Perhaps most critical, the letter clearly states that interest rates can change if payments are late.
Like its competitors, Bank of America in recent months raised interest rates, cut credit limits and took other actions to change terms before legal reforms restrict its ability to do so. Across the U.S., changes to interest rate and/or credit limits hit about 65 percent of all outstanding credit cards in the past year.
Among the most notable changes made by Bank of America was shifting most credit cards from fixed to variable interest rates, which move in relationship to the prime rate. The new law will prevent banks from changing the fixed rate on existing balances unless the cardholder falls two months behind paying the bill. The bank also began testing annual fees ranging from $29 to $99 on certain cards that previously were not subject to such charges. Some Bank of America cards, such as airline rewards cards, already come with fees.
The letters are intended as a way to keep consumers informed and help improve financial literacy. "No matter what your status is now, you want clarity, you want simplicity and you want to understand what you're signing up for," said Ric Struthers, president of global card services.
The letter states it does not take the place of the consumer's credit card agreement. Struthers noted that those agreements can be up to 40 pages long, much written in legal language that is difficult to comprehend. "I don't think that most people take that and study it," he said.
One important item the letters don't spell out is how long it will take to pay off outstanding balances if only minimum payments are made.
After February, that critical information is required to appear on monthly statements, and will likely shock many consumers. The median balance for U.S. consumers, meaning half owe more and half owe less, is $3,000 according to the Federal Reserve. At an average interest rate of 14.9 percent, it would take more than seven years to pay off a balance that high making only minimum payments.
All told, consumers have cut back their credit use in the last year in response to rising rates and lower credit limits. The Federal Reserve said outstanding revolving credit, which is mostly credit cards, fell 8.5 percent to $889 billion in September from $975.2 billion a year ago.
Featured Article:
No
Poll
Vote for Newark's next Mayor?
Donald M. Payne
15%
Augusto Amador
6%
Ras J. Baraka
21%
Mildred C. Crump
6%
Carlos M. Gonzalez
3%
Luis A. Quintana
4%
Anibal Ramos, Jr.
11%
Ronald C. Rice
8%
Darrin S. Sharif
26%
Comments
And then he turned and ugg
And then he turned and ugg classic tall saw the girl. The phantasmagoria of his brain vanished at sight of her. She was a pale, ethereal creature, with wide, spiritual blue eyes and a wealth of golden hair. He did not know how she was ugg bailey button sand dressed, except that the dress was as wonderful as she. He likened her to a pale gold flower upon a slender stem. No, she was a spirit, a divinity, a goddess; such sublimated beauty cheap mens ugg boots was not of the earth. Or perhaps the books were right, and there were many such as she in the upper walks of life. She might well be sung by that chap, Swinburne. Perhaps he had had somebody like ugg classic tall sale her in mind when he painted that girl, Iseult, in the book there on the table. All this plethora of sight, and feeling, and thought occurred on the instant. There was no pause of the realities ugg bailey button triplet sale wherein he moved. He saw her hand coming out to his, and she looked him straight in the eyes as she shook hands, frankly, like a man. The women he had known did not shake hands that way. For that mens ugg boots butte matter, most of them did not shake hands at all. A flood of associations, visions of various ways he had made the acquaintance of women, rushed into his mind and threatened to swamp it. But he shook discount mens ugg boots them aside and looked at her. Never had he seen such a woman. The women he had known! Immediately, beside her, on either hand, ranged the women he had known. For an eternal second he stood ugg classic tall reviews in the midst of a ugg bailey button bomber portrait gallery, wherein she occupied the central place, while about her were limned many women, all to be weighed and measured by a fleeting glance, herself the unit of weight and measure. He saw the weak ugg boots clearance and sickly faces of the girls of the factories, and the simpering, boisterous girls from the south of Market. There were women of the cattle camps, and swarthy cigarette-smoking women ugg boots clearance store of Old Mexico. These, in turn, were crowded out by Japanese women, doll-like, stepping mincingly on wooden clogs; by Eurasians, delicate featured, stamped with degeneracy; by full-bodied womens ugg boots South-Sea-Island women, flower-crowned and brown-skinned. All these were blotted out by a grotesque and terrible nightmare brood - frowsy, shuffling creatures from the pavements of ugg boots sale Whitechapel, gin-bloated hags of the stews, and all the vast hell's following of harpies, vile-mouthed and filthy, that under the guise of monstrous female form prey upon sailors, the scrapings cheap ugg boots of the ports, the scum and slime of the human pit.He waved his hand deprecatingly and muttered that it was nothing at all, what he had done, and that any fellow would have done it. She noticed that the hand he bailey button triplet waved was covered with fresh abrasions, in the process of healing, and a glance at the other loose-hanging hand showed it to be in the same condition. Also, with quick, critical eye, she noted a scar classic tall uggs on his cheek, another that peeped out from under the hair of the forehead, and a third that ran down and disappeared under the starched collar. She repressed a smile at sight of the red line black ugg boots that marked the chafe of the collar against the bronzed neck. lzle
Apples
Apples http://superslimdietpill.com contain pectin can reduce super slim pomegranate the body's cholesterol super slim pills flavonoids contain more potassium, less super slim green lean body capsule sodium rich in antioxidants, can super slim diet pills promote blood white super slim cells in the generation, improve slim pomegranate the human body immunity, and pomegranate diet pills promote neural and super slim pomegranate diet pills endocrine function, has super slim pomegranate pills the very good effect reducing super slim pomegranate weight loss capsule weight.
kangdaseo001post Canada
kangdaseo001post Canada Canada Goose Montebello Canada Goose Chateau Parka href="http://www.canadagooseparkachilliwack.com/mens-canada-goose-expedition-parka-c-5/">Canada Goose Expedition Parka Cheap Canada Goose href="http://www.canadagooseparka-cheap.com/canada-goose-new-arrive-mens-c-26/">New Canada Goose Parka Canada Goose Canada Goose Chilliwack Parka Cheap Canada Goose Chilliwack Parka Norge jakker avsløre sjarmerende scene i natur White.Canada Goose Chilliwack har fått til å bli en heltinne Canada Goose i denne vinteren. The fashion Ugg Boots Bailey Button Amber is the best love for the young women Canada Goose Jassen echt verdient Canada Goose Chateau Parka uw bezit. Canada Goose jas is gemaakt van de kenmerken van de vogel, gans. Canada Goose jakker Het is warm en zacht. Wat meer is, het is licht en comfortable.Discount The Latest Styles Chanel Canana With Free ShippingCheap Canada Goose Parka Banff ParkaCanada Goose Chilliwack Bomber Parka Goose Expedition ParkaCanada Goose Montebello Parka ParkaCanada Goose Expedition Parka href="http://www.canadagooseparkamontebello.com/canada-goose-chilliwack-parka-c-5_10/">Canada Goose Chilliwack Parka Parka
kangdaseo001post Canada Goose
kangdaseo001post Canada Goose Chanel Wallet Mens Norge Chanel Wallet Womens Salg Canada Goose Trillium Parka Chanel Bags Coco href="http://www.canadagoose-jassen.com/canada-goose-chateau-parka-c-2/">Canada Goose Chateau Parka består av Canada Goose elementet entusiasme Canada Goose Expedition Parka og ære og invincble. Mid-lår Canada ength for maksimal dekning og beskyttelse Et mangfold av lommer for Canada Goose Yorkville Parka Mens Canada Goose Parka Sale lagring og hadde oppvarming:The beautiful Ugg Boots Cardy Canada Goose Snow Mantra Parka Sale href="http://www.canadagoosejackets2sale.com/canada-goose-expedition-parka-mens-c-38/">Canada Goose Expedition Parka Sale Classic Black shows the Canada Goose Banff classic and fashion element of the ugg boots.Canada Goose is zo stijlvol en praktisch voor de mensen in koude winter. Als Canada Goose Chateau Parka Sale te dragen Nieuw Canada Goose Parka Salg Canada Goose Parkain je dagelijks leven, Womens Chanel Wallet Long SilverCanada Goose Chilliwack Parka NorgeCanada Goose Parka Goose Trillium ParkaChanel Bags Free Shipping Montebello Parka
kangdaseo001post Kaikki
kangdaseo001post Kaikki Chanel Bags Australia href="http://www.canadagoosetrilliumsale.com/canada-goose-expedition-parka-womens-c-15_19/">Canada Goose Expedition Parka Canada Goose Chateau Canada Goose Trillium Parka href="http://www.canadagooseexpeditionsale.com/women-canada-goose-c-5/">Women Canada Goose Parka href="http://www.canadagoose-finland.com/canada-goose-expedition-parka-miesten-c-38/">Canada Goose Expedition Canada Goose Chateau Parka Outlet Canada Goose Expedition Parka Cheap Canada Goose Expedition Parka Miesten Canada Goose Chilliwack Canada Goose Trillium Parka Parka ovat kenttätestannut ne, jotka Ganada Goose asuvat, työskentelevät ja pelata ympäristöissä niiden ilmitulon Canada Goose Montebello Parka you want to increase the rate of second glance,you can choose Canada Goose Christmas Sale,there are various styles.The favorite of ladies' Canada Goose Solaris Parka Womens White is a perfect blend of a rugged winter outdoor coat and a versatile winter jacket that easy to match with Chanel Shoulder Bags Purple Blue is the most fashion for the simplicity, the high quality is really amazing.Canada Goose Parka Mens ParkaChanel Cheap Canada Goose Kensington Parka Parka2012 Chanel Australia Australia
North Face Down Jackets
kangdaseo001post North Face Canada Goose Expedition Jakker Down Jackets Army Chanel Bags Outlet href="http://www.canadagoose2jakker.com/canada-goose-banff-parka-c-4/">Canada Goose Banff Jakker Blue Comprised 2012 of an incredibly soft, silken fleece,Get Canada Goose Down loved one warmly love Canada Goose chilliwack Parka Canada Goose Parka for through the whole winter, Canada Goose expedition Parka Canada Goose Elskers Parka Trillium Svart er spesielt Canada Goose Parka Sale forberedt for elskere, da vinteren kom, alle strebe etter en lun Canada Goose Parka Canada Goose Chilliwack Parka Sale og behagelig kjole.Chanel Coco Bags Chamois Beige is sought after by innumerable young ladies from poles to Canada Goose Banff Parka Online poles. Since Coco Chanel enjoys a great reputation, you can rest your mind on its design and quality.Chanel Cambon Bags Chanel Bags
MS Office 2010 Another
MS Office 2010 Another provide that Microsoft Office 2007 you can get Office 2007 Enterprise is the House Office Professional 2010 and Enterprise items buy office 2007 which is also microsoft office 2010 key an modified Selection microsoft office 2007 product key that allows for Office Professional Plus 2010 individuals with business office professional 2007 plus and household use microsoft office 2010 professional plus enjoy using the Microsoft Office 2007 Ultimate same.
ティンバーランド
ティンバーランド店舗！激安価格で人気ブランド ティンバーランド通販&TIMBERLAND 通販、ティンバーランド アウトレット、ティンバーランド ロールトップ、クラシックブーツ、ティンバーランド カスタムブーツ、子供靴など数多くの新作アイテムを展開。1918年より創業、長い歴史を持つティンバーランド。
Timberlandブーツに対する企業理念は、世界的に知られるようになった現在でも高く掲げられています。ティンバーランド 靴そうした目的を実現させるための商品作りにティンバーランド ブーツ全員が取り組んでおり、2008年には、timberlandエシスフィア誌「世界で最も倫理観の高い企業」ランキングにランクインしています。クラークスは、イングランド南西部でサイラスとジェームスのクラークス レディース兄弟により1825年に創設されたシューズメーカーです。クラークス アウトレットは、常に履きやすさと快適さを追求し続け、クラークス デザートブーツなど多くの名品を発表し、クラークス 激安世界中の人々に愛用されています。クラークス靴はデザインだけでなく、履き心地も良いですし、楽なのが魅力ですね。ダナーのマウンテンブーツを集めました。ダナー マウンテンライトは、ダナーライトに並ぶベーシックモデル。ダナー アウトレット1960年代の名品“マウンテントレイル”の後継機としてトラディショナルなディティールを継承。ダナー 激安アメリカの老舗ブーツメーカー、Danner(ダナー)のマウンテンブーツ。ダナー ブーツは履き心地の良さと耐久性があり、時代を問わず愛されています。レッドウィング アウトレットダナーの代表的なブーツである、ダナーライト(DANNER LIGHT)やマウンテンライト(MOUNTAIN LIGHT)のほか、RED WING(レッドウィング)などのブーツの買取も行っております!! レッドウィング 激安お気軽に足をお運びください
エアマックス
ナイキ air max 95を買うならエアマックス 95。ナイキエアマックス（NIKE AIR MAX）激安通販ショップ、エアマックス95 360を格安価格で販売します！ナイキ エアマックス95往年のランニングシューズファンを思わず唸らせてしまうエアマックスモデルが 海外限定で復刻！ ナイキエアマックス 2009を代表する名機、テイルウィンド。 air max 200992年に発売されたオリジナルモデルそのままの素材とエアマックス 2011 カラーリン グナイキ エアマックス 2009。 特徴的なエアマックス 24-7アッパーデザインやソールデザイン、air max 24-7そしてタンロゴは当 時のままエアマックス 90。 オールド感あるデザインと適度なボリューム感が魅力のモデルair max 90。 スニーカーエアマックス 97が面白かったair max 97、新作が発売されるの ナイキ エアマックス が待ち遠しかった「 あの時代」を代表するエアマックス 2003モデル。 2009年、独特の存在感を漂わせて復刻エアマックス 2012です！
バーバリー アウトレット
バーバリー アウトレット【BURBERRY】はイギリスバーバリー マフラーを代表する世界的なファッションブランドバーバリー マフラー アウトレットの一つです。創業者であるトーマス・バーバリー 通販は農民が汚れを防ぐために服の上に羽織っていたバーバリー マフラー メンズ上着をヒントに「ギャバジン」といわれる耐久性・防水性に優れたバーバリー 店舗新素材を生み出しました。1924年には有名な【バーバリー コート】が誕生。コートの裏地としてデザインされたのが起源で、バーバリー トレンチコート1967年にパリのショーで発表された傘にバーバリー マフラー・チェックを裏地以外で初めて使用し、その後、バッグやバーバリー マフラーなど様々なファッションアイテムに使用されました。バーバリー バッグ現在はカラーバリエーションBURBERRY バッグも最初のキャメル／赤／黒／白だけでなく、様々なカラーバリエーションを展開しています。バーバリー マフラー ピンクは、映画「ティファニーで朝食を」やバーバリー マフラー「カサブランカ」でピーター・セラーズ、 バーバリー公式サイト オードリー・ヘプバーン、ハンフリー・ボガート、バーバリー マフラー カシミア元英首相ウィンストン・チャーチル、ら数々の著名人が愛用したことでも有名BURBERRY マフラー。また、1955年にはエリザベス2世のロイヤルワラントを授かり、バーバリーブルーレーベル1989年には英国皇太子によって認証を授かっており、バーバリー マフラー 巻き方イギリス王室ご用達でロイヤルの称号を持っています。現在ロゴとして「バーバリー マフラー 値段」と「Burberry's」の二つが存在するが、バーバリーブラックレーベル後者は2000年の変更以前の製品についているバーバリー マフラーものでありそれ以降は全て「バーバリー マフラー ウール」に統一されています。
BeyoncLive
BeyoncLive http://boxsetszone.com at Roseland Elements 007 dvd of For james bond dvd better or worse, Beyoncs james bond dvd set videos for her 24 dvd latest album 24 dvds have been buzzed 30 rock dvd about this 30 rock dvd season year, and the 30 rock season double disc alias dvd deluxe edition alias dvds gathers them ally mcbeal dvd all on one ally mcbeal series It also includes big love dvd a concert film big love dvds shot during bones dvd her four night bones dvds stand at New brothers and sisters dvd Yorks Roseland brothers and sisters dvds Ballroom in boston legal dvd August, featuring boston legal season most of plus boston legal seasons older solo work buffy the vampire slayer dvd and Destinys Child buffy the vampire slayer dvd set material. Taylor charmed dvd Swift, Journey to charmed dvds Fearless and charmed season Speak Now World charmed seasons Tour Live For that charmed series person on your cold case shopping list who cant cold case dvd get enough of Taylor chuck dvd Swift and obviously chuck seasons there are plenty chuck series of those folks there criminal minds dvd are two gifts to pick criminal minds dvds up this year. Journey criminal minds season to Fearless captures curb your enthusiasm dvd the country pop star Tour Live combo.