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- U.S. Struggles To Maintain Credit Scores By:-Roger Lee
With record levels of unemployment, continuous jobs losses, salary cuts and the loss of overtime the American consumer is being hurt three times, once with the loss of income and the second time with a drop in their credit scores and lastly with an increase in their interest rates, fees and penalties for falling behind.
- Why is Leaving a Big Bank so Difficult? By:-Roger Lee
Recently, there has been a large revolt against financial institutions, namely the big banks. Occupy Wall Street has been spreading and continues to demonstrate against the unruly practices of our banks.
- What do investment banks do? By:-Roger Lee
Being the average American consumer and bank customer, I assumed that my local bank was a just a bank where you deposits money, wrote checks and got loans.
- Banks Pressure Customers on Overdraft Fees By:-Roger Lee
This summer the new Consumer Credit Card Protection ACT went into full effect. This ACT was conceived to help protect consumers from some of the practices of the major banks and credit card issuers, who were taking advantage of both the consumer and the merchant.
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