Better Than Your Stimulus Check
Though the Stimulus Package is under the spotlight, another bail out for you is in the works on Capital Hill. It is called the Credit Card Fair Fee Act of 2008. The President has not sung the praises of this proposed legislation. It is basically a child of a Democrat from Michigan, though it has a degree of bipartisan support. Wal-Mart spends considerable resources in Washington, lobbying feverishly in favor of this bill. Such fervor must be solely in the public interest.
This bill will seek to regulate hidden fees levied by the likes of Visa and MasterCard. Retailers like Wal-Mart have no say in the matter, to say nothing of you and I, who ultimately foot the bills.
Do you know what an interchange fee is? You pay it every time you use the plastic in your wallet. We are guilty as well. One of our hints at how to repair your credit rating is to make small payments often with one of your cards. Read all about that subject at: Lead your Bank from Sub-prime Greed to Meeting All your Credit Needs
The Credit Card Fair Fee Act of 2008 could rake in more cash for you than the May 2008 check President Bush promises. And unlike him, the savings will be by your side even after the next Presidential inauguration.
Do you support the Credit Card Fair Fee Act of 2008? Are you happy with the interchange fee as it stands now? Perhaps you own stocks of credit card companies. Join our community to defend your corner. Perhaps you would also like to write for this web site. Try out this link now: Submit an Article