On Top of Credit Card Fees Come Checking Fees

One of the latest hits that credit card users have been coping with is the exorbitantly high credit card fees that they are charged with. These fees are largely the banks’ defense mechanism to cope with new credit card laws that will take effect pretty soon. These laws can really cut profits of banks worldwide, so banks are looking for ways to curb this loss by adding new fees that the new laws do not cover. Interest rates would still increase, but this movement would be monitored closely by the government so banks cannot really do much in this arena, which is why they have resorted to yet another uncovered base – in the form of checking fees.
Checking accounts do … (more) January 22, 2010

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