Eliminate credit card and bank late fees for seniors on Social Security.
Why is this important?
Late fees on credit cards for seniors are another unfair banking practice. Seniors receive SSI monthly, but not on a particular date each month. If payments are adequate and regular, the senior should not be charged late fees just because his payment schedule cannot always match the bank's schedule. When seniors are charged $300-$400 a month just in late fees, the banks are taking an unfair advantage of the people who can least afford to pay such fees.All seniors should support this elimination of late fees because of inability to pay on the bank's schedule caused by illness, injury or other problems particular to seniors on fixed incomes.
