The Center for Responsible Lending released The Real Cost of Credit Card Cash Advances
Apparently only 3% of consumers understand the differences among introductory teaser rates and rates on purchases and on cash advances.
The Center for Responsible Lending released The Real Cost of Credit Card Cash Advances
Apparently only 3% of consumers understand the differences among introductory teaser rates and rates on purchases and on cash advances.
The Center for Responsible Lending released the “Hall of Shame” of alleged deceptive and abusive business practices. It concludes that credit card issuers consistently choose complex pricing tactics that exploit borrowers’ lack of information.
Priceless or Just Expensive? The Use of Penalty Rates in the Credit Card Industry
Among the findings: