Skip to content

Limit the Banks?

May 17, 2010

from Baseline:

Right now banks are allowed to pretend that application fees, late payment fees, annual fees, and periodic fees are not part of the cost of credit. That’s a bad thing. And if the federal agencies aren’t going to fix it, then states should be allowed to. “Making it more likely a lender will reach the state cap” is a good thing if what makes it more likely is the elimination of a misleading loophole.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: