tag:blogger.com,1999:blog-15329279.post5906989252181468894..comments2023-08-25T05:18:29.312-06:00Comments on Madville Times: Calling Rounds/Thune's Bluff: Feds Pass Sweeping Credit Card Regscaheidelbergerhttp://www.blogger.com/profile/03261598066395322681noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-15329279.post-6638879429916775372008-12-19T13:16:00.000-07:002008-12-19T13:16:00.000-07:00Gee Lee, a lawyer and a thune campaign contributor...Gee Lee, a lawyer and a thune campaign contributor. I'm impressed. Why don't you do some lawyering over these numbers, and then remind us again how this is good for consumers.<BR/><BR/>First Premier Cards<BR/><BR/>Credit limit $250<BR/>Program Fee -$95<BR/>Account Setup Fee -$29<BR/>Participation Fee -$6 per month<BR/>Annual Fee -$48 per year<BR/><BR/>Total Usable Credit $72, before first purchase is made.<BR/><BR/>It's called Fee Harvesting. More here.<BR/><BR/>http://64.233.169.132/search?q=cache:Jr-jvvpPulMJ:www.consumerlaw.org/issues/credit_cards/content/FEE-HarvesterFinal.pdf+brookings+bank+credit+card+sub+prime+argus+leader&hl=en&ct=clnk&cd=3&gl=us<BR/><BR/>and here.<BR/><BR/>http://viergeproducts.com/finserv/firstpremier.html<BR/><BR/>and here.<BR/><BR/>http://www.ripoffreport.com/searchresults.asp?q5=first%20premier%20bank&q1=ALL&q4=&q6=&q3=&q2=&q7=&searchtype=0&submit2=Search%21&Search=Search<BR/><BR/>Warren PhearAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15329279.post-89764459874822400012008-12-18T12:57:00.000-07:002008-12-18T12:57:00.000-07:00"While the new rules are designed to increase prot..."While the new rules are designed to increase protections for consumers, the Fed itself has recognized that they may result in increased costs for most card users and reduced credit availability, particularly for consumers with lower credit scores or limited credit history."<BR/><BR/>Before you celebrate - understand that this is going to hurt the most distressed consumers that need credit - not sure how that's a party!<BR/>---Lee SchoenbeckAnonymousnoreply@blogger.com