Bank of America charging fees to pay the total balance, wtf?
I heard about this on the news today, and something in the fight against the Senate again to this ridiculous new fees to Bank of America is testing. I think credit card companies are trying to find loopholes in the law of cards new credit. If they do start implementing it, would it not be prudent to just pay off the balance sheet at least $ 1? How about that for a loophole, ha Ah!
I agree. They are saying that is to cover the cost of managing the people who do not earn interest are paid off (and therefore cost them money). I think it's a way of penalizing consumers for not paying the ridiculous fees charged to begin with. The new law has failed because people are unwilling to surrender their credit cards and insist on giving their money to these banks. Everyone who can needs to close their accounts.