Comments on: New credit card regulations a big step forward http://blogs.reuters.com/small-business/2010/02/22/new-credit-card-regulations-a-big-step-forward/ Grow your own Thu, 26 Mar 2015 12:32:24 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: alvinhop http://blogs.reuters.com/small-business/2010/02/22/new-credit-card-regulations-a-big-step-forward/comment-page-1/#comment-2007 Thu, 03 Jun 2010 20:14:56 +0000 http://blogs.reuters.com/small-business/?p=1811#comment-2007 Regulation is one thing, being a responsible adult is another thing. I strongly believe that it’s the person who is using the credit card need to be sensible.

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By: MsCamellia2010 http://blogs.reuters.com/small-business/2010/02/22/new-credit-card-regulations-a-big-step-forward/comment-page-1/#comment-1641 Wed, 24 Feb 2010 06:35:06 +0000 http://blogs.reuters.com/small-business/?p=1811#comment-1641 I have been searching for a website like this in the field I am interested in. I am a big fan. I was thinking about creating my own blog about similar ideas for like-minded people. Some good ideas here. Thanks, I can only hope mine turns out as good as this one
American finance solution

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By: WallyK http://blogs.reuters.com/small-business/2010/02/22/new-credit-card-regulations-a-big-step-forward/comment-page-1/#comment-1636 Tue, 23 Feb 2010 13:29:24 +0000 http://blogs.reuters.com/small-business/?p=1811#comment-1636 Your article was very good in explaing some of the reasons why credit should be monitored. What it didn’t discuss is how credit has been socialized. No longer will the individuals that have been good stewards of their credit have the “low” rates or “0” rates on the credit card available to them, because the restrictions put on by the new bill. I see the new bill forcing the credit card issuer to limit the recovery of the overdrawn amounts by the misuse of the irresponsible credit user. The new bill is saying “credit card issuers must recover the “lossed revenue” from the irresponsible credit user and charge the responsible credit user higher fees!! There is no free lunch for the banks! They must be able to recover these lost assets; and are doing so by increasing credit rates to the good credit users. It would be interesting if you research this point.

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By: Scriptfish http://blogs.reuters.com/small-business/2010/02/22/new-credit-card-regulations-a-big-step-forward/comment-page-1/#comment-1630 Tue, 23 Feb 2010 00:32:42 +0000 http://blogs.reuters.com/small-business/?p=1811#comment-1630 Unfortunately, the consumer’s “big step” will cause the floor of the economy to collapse even farther. Each step taken by the various actors in the American economy–whether it’s banks, the government, consumers or corporations–simply accelerates the impoverishment of the American middle classes at this point. At the end of this, Americans will have forgotten their credit cards altogether as they learn to scavenge through the remains of what used to be a consumer-driven economy for the bargains that can be afforded by the handful pennies in their pockets.

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By: muchstardude http://blogs.reuters.com/small-business/2010/02/22/new-credit-card-regulations-a-big-step-forward/comment-page-1/#comment-1626 Mon, 22 Feb 2010 23:33:07 +0000 http://blogs.reuters.com/small-business/?p=1811#comment-1626 The US consumer is dead. If you have a job, you are scared to death of losing it and real unemployment stands at 25%. I work for http://storyburn.com, and I can see why folks are pulling their hair out over the temp job being the new full time job, China stealing our mojo, Wall Street bonuses at record highs, and people taking a 10% paycut and asked to work unpaid overtime. We have the most read home foreclosure story as well as several job hunting stories

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By: jborrow http://blogs.reuters.com/small-business/2010/02/22/new-credit-card-regulations-a-big-step-forward/comment-page-1/#comment-1625 Mon, 22 Feb 2010 23:32:29 +0000 http://blogs.reuters.com/small-business/?p=1811#comment-1625 regulation, smegulation…the banks are wolves and consumers, sheep. the wolves will always find a way to get to the sheep!

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By: lah9999 http://blogs.reuters.com/small-business/2010/02/22/new-credit-card-regulations-a-big-step-forward/comment-page-1/#comment-1623 Mon, 22 Feb 2010 21:38:03 +0000 http://blogs.reuters.com/small-business/?p=1811#comment-1623 Becoming a responsible adult is a good thing. We should all look at the current state of the world as a learning experience. Much good can come from it.

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By: tmteague http://blogs.reuters.com/small-business/2010/02/22/new-credit-card-regulations-a-big-step-forward/comment-page-1/#comment-1622 Mon, 22 Feb 2010 21:31:10 +0000 http://blogs.reuters.com/small-business/?p=1811#comment-1622 And if you owe the IRS money they’ll put you on a more burdensome payment plan than the Credit Card companies. I wish the government would hold itself to the same standards as everyone else.

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