To: President Donald Trump
Stop Credit Card legal robbery
End the legal robbery by credit card issuers by regulations that include the following:
1. one year contract with NO changes.
2. do not accept or approve charges over the credit limit.
3. notify customer of any and all changes to fees, dates, and any other changes 60 days prior to the annual renewal date.
4 if customers have more than one card, and chose to merge them, they should be allow to do that without fees.
1. one year contract with NO changes.
2. do not accept or approve charges over the credit limit.
3. notify customer of any and all changes to fees, dates, and any other changes 60 days prior to the annual renewal date.
4 if customers have more than one card, and chose to merge them, they should be allow to do that without fees.
Why is this important?
Presently credit card issuers have free reign for fees and policies often changing their rules (interest rates, late fees, due dates, and junk fees) at the drop of a hat. The credit card agreement should be a one year agreement with 60days notice of changes for the next contract.