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	<title>Bob Brooks - Prudent Money Blog &#187; Credit Card Industry</title>
	<atom:link href="http://blog.prudentmoney.com/category/credit-card-industry/feed/" rel="self" type="application/rss+xml" />
	<link>http://blog.prudentmoney.com</link>
	<description>No hype. No agenda. Just financial information from a Christian perspective.</description>
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		<title>Credit Card Companies are Playing Hard Ball</title>
		<link>http://blog.prudentmoney.com/2009/07/30/credit-card-companies-are-playing-hard-ball/</link>
		<comments>http://blog.prudentmoney.com/2009/07/30/credit-card-companies-are-playing-hard-ball/#comments</comments>
		<pubDate>Thu, 30 Jul 2009 15:55:52 +0000</pubDate>
		<dc:creator>bob@prudentmoney.com</dc:creator>
				<category><![CDATA[Credit Card Industry]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[balance transfer fee]]></category>
		<category><![CDATA[Bob Brooks]]></category>
		<category><![CDATA[Chase]]></category>
		<category><![CDATA[Credit Card Companies]]></category>
		<category><![CDATA[credit card legislation]]></category>
		<category><![CDATA[credit limit]]></category>
		<category><![CDATA[Deceptive Money]]></category>
		<category><![CDATA[fee]]></category>
		<category><![CDATA[fixed interest rates]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[payday lender]]></category>
		<category><![CDATA[prime rate]]></category>
		<category><![CDATA[Prudent Money]]></category>
		<category><![CDATA[terms and conditions]]></category>
		<category><![CDATA[Universal Default]]></category>
		<category><![CDATA[variable rates]]></category>

		<guid isPermaLink="false">http://blog.prudentmoney.com/?p=2288</guid>
		<description><![CDATA[I received a notice about my change in terms and conditions from Chase today in the mail.  Even I was shocked at how far they are going to fight back against credit card legislation.  I thought I would write about some of the highlights.
(1)  Change to variable rates &#8211; This was a [...]]]></description>
		<wfw:commentRss>http://blog.prudentmoney.com/2009/07/30/credit-card-companies-are-playing-hard-ball/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>A Big Victory for Those in Debt Collections</title>
		<link>http://blog.prudentmoney.com/2009/07/23/a-big-victory-for-those-in-debt-collections/</link>
		<comments>http://blog.prudentmoney.com/2009/07/23/a-big-victory-for-those-in-debt-collections/#comments</comments>
		<pubDate>Thu, 23 Jul 2009 14:43:00 +0000</pubDate>
		<dc:creator>bob@prudentmoney.com</dc:creator>
				<category><![CDATA[Credit Card Industry]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[American Arbitration Association]]></category>
		<category><![CDATA[Arbitration]]></category>
		<category><![CDATA[Bob Brooks]]></category>
		<category><![CDATA[consumer scam]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[credit card agreement]]></category>
		<category><![CDATA[credit industry]]></category>
		<category><![CDATA[creditor]]></category>
		<category><![CDATA[debt collection]]></category>
		<category><![CDATA[debt collector]]></category>
		<category><![CDATA[Deceptive Money]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[lawsuit]]></category>
		<category><![CDATA[National Arbitration Forum]]></category>
		<category><![CDATA[Prudent Money]]></category>
		<category><![CDATA[statute of limitations]]></category>

		<guid isPermaLink="false">http://blog.prudentmoney.com/?p=2244</guid>
		<description><![CDATA[The credit card and debt collection industries are quickly losing their ability to collect using the legal system which is good news for the consumer.  When you sign a credit card agreement, you grant the credit industry the ability to settle any debts against you through arbitration.  The credit industry uses arbitration because [...]]]></description>
		<wfw:commentRss>http://blog.prudentmoney.com/2009/07/23/a-big-victory-for-those-in-debt-collections/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Too Big of a Deal is Being Made of Variable Rates</title>
		<link>http://blog.prudentmoney.com/2009/07/21/to-big-of-a-deal-is-being-made-of-variable-rates/</link>
		<comments>http://blog.prudentmoney.com/2009/07/21/to-big-of-a-deal-is-being-made-of-variable-rates/#comments</comments>
		<pubDate>Tue, 21 Jul 2009 15:41:22 +0000</pubDate>
		<dc:creator>bob@prudentmoney.com</dc:creator>
				<category><![CDATA[Credit Card Industry]]></category>
		<category><![CDATA[Bob Brooks]]></category>
		<category><![CDATA[Credit CARD act]]></category>
		<category><![CDATA[Credit Card Companies]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Deceptive Money]]></category>
		<category><![CDATA[Federal Reserve Board]]></category>
		<category><![CDATA[fixed rates]]></category>
		<category><![CDATA[legislation]]></category>
		<category><![CDATA[loopholes]]></category>
		<category><![CDATA[politicians]]></category>
		<category><![CDATA[Prudent Money]]></category>
		<category><![CDATA[rate changes]]></category>
		<category><![CDATA[Responsibility and Disclosure Act]]></category>
		<category><![CDATA[The Credit Card Accountability]]></category>
		<category><![CDATA[variable rates]]></category>

		<guid isPermaLink="false">http://blog.prudentmoney.com/?p=2227</guid>
		<description><![CDATA[Much has been written lately about the credit card companies changing fixed interest rate cards to variable interest rates.  The gripe is that they are doing this to get around the new regulations for the Credit CARD Act.  I really wanted to jump on this bandwagon.  I love writing about the loopholes [...]]]></description>
		<wfw:commentRss>http://blog.prudentmoney.com/2009/07/21/to-big-of-a-deal-is-being-made-of-variable-rates/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Starting August 20th Credit Card Companies Start Losing Some Control</title>
		<link>http://blog.prudentmoney.com/2009/07/20/starting-august-20th-credit-card-companies-start-losing-some-control/</link>
		<comments>http://blog.prudentmoney.com/2009/07/20/starting-august-20th-credit-card-companies-start-losing-some-control/#comments</comments>
		<pubDate>Mon, 20 Jul 2009 17:06:02 +0000</pubDate>
		<dc:creator>bob@prudentmoney.com</dc:creator>
				<category><![CDATA[Credit Card Industry]]></category>
		<category><![CDATA[Bob Brooks]]></category>
		<category><![CDATA[Bobo carnival of politics]]></category>
		<category><![CDATA[consumers]]></category>
		<category><![CDATA[Credit CARD act]]></category>
		<category><![CDATA[Credit Card Companies]]></category>
		<category><![CDATA[credit card holders]]></category>
		<category><![CDATA[credit card laws]]></category>
		<category><![CDATA[credit limit]]></category>
		<category><![CDATA[creditors]]></category>
		<category><![CDATA[Deceptive Money]]></category>
		<category><![CDATA[Festival of Stocks]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[Prudent Money]]></category>

		<guid isPermaLink="false">http://blog.prudentmoney.com/?p=2219</guid>
		<description><![CDATA[New stock market alert &#8211; Will the Government Bail-Out CIT?
New Debt Tip &#8211; Stay Away from the Loan Sharks at all Costs
Our blog was selected to be in the Festival of Stocks and the Bobo Carnival of Politics along with some other great blogs. Be sure to check them out! 
One of the big complaints [...]]]></description>
		<wfw:commentRss>http://blog.prudentmoney.com/2009/07/20/starting-august-20th-credit-card-companies-start-losing-some-control/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Citigroup goes back on their word and raises interest rates</title>
		<link>http://blog.prudentmoney.com/2009/07/17/citigroup-goes-back-on-their-word-and-raises-interest-rates-2/</link>
		<comments>http://blog.prudentmoney.com/2009/07/17/citigroup-goes-back-on-their-word-and-raises-interest-rates-2/#comments</comments>
		<pubDate>Fri, 17 Jul 2009 15:10:28 +0000</pubDate>
		<dc:creator>bob@prudentmoney.com</dc:creator>
				<category><![CDATA[Banking System]]></category>
		<category><![CDATA[Credit Card Industry]]></category>
		<category><![CDATA[Bob Brooks]]></category>
		<category><![CDATA[citigroup]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[credit card company]]></category>
		<category><![CDATA[credit card reform]]></category>
		<category><![CDATA[Credit Score]]></category>
		<category><![CDATA[Deceptive Money]]></category>
		<category><![CDATA[Prudent Money]]></category>

		<guid isPermaLink="false">http://blog.prudentmoney.com/?p=2213</guid>
		<description><![CDATA[Well it appears that Citigroup is having a tough time keeping their word to Congress. Over the past few years, Congress has done a lot of talking about credit card reform with one of the focuses of eliminating the universal default clause. This is the clause that every consumer signs off on, allowing the credit [...]]]></description>
		<wfw:commentRss>http://blog.prudentmoney.com/2009/07/17/citigroup-goes-back-on-their-word-and-raises-interest-rates-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Banks and the Approval of a 23 Quadrillion Dollar Mistake</title>
		<link>http://blog.prudentmoney.com/2009/07/16/banks-and-the-approval-of-a-23-quadrillion-dollar-mistake/</link>
		<comments>http://blog.prudentmoney.com/2009/07/16/banks-and-the-approval-of-a-23-quadrillion-dollar-mistake/#comments</comments>
		<pubDate>Thu, 16 Jul 2009 15:08:31 +0000</pubDate>
		<dc:creator>bob@prudentmoney.com</dc:creator>
				<category><![CDATA[Credit Card Industry]]></category>
		<category><![CDATA[23 quadrillion dollars]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Bob Brooks]]></category>
		<category><![CDATA[Cardholders]]></category>
		<category><![CDATA[Credit Card Companies]]></category>
		<category><![CDATA[Deceptive Money]]></category>
		<category><![CDATA[overdraft fee]]></category>
		<category><![CDATA[Prudent Money]]></category>
		<category><![CDATA[Visa]]></category>
		<category><![CDATA[Wachovia]]></category>

		<guid isPermaLink="false">http://blog.prudentmoney.com/?p=2194</guid>
		<description><![CDATA[A small number of Visa cardholders were surprised to find that recent purchases cost them a little more than expected &#8211; $23 quadrillion, plus change.
A man in New Hampshire used his card to purchase a pack of cigarettes only to find out later that he had been charged $23,148,855,308,184,500.
The same thing happened to a North [...]]]></description>
		<wfw:commentRss>http://blog.prudentmoney.com/2009/07/16/banks-and-the-approval-of-a-23-quadrillion-dollar-mistake/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How Banks are Ripping You Off in the Name of &#8220;Convenience&#8221;</title>
		<link>http://blog.prudentmoney.com/2009/07/15/how-banks-are-ripping-you-off-in-the-name-of-convenience/</link>
		<comments>http://blog.prudentmoney.com/2009/07/15/how-banks-are-ripping-you-off-in-the-name-of-convenience/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 16:42:33 +0000</pubDate>
		<dc:creator>bob@prudentmoney.com</dc:creator>
				<category><![CDATA[Credit Card Industry]]></category>
		<category><![CDATA[The Government / Politicians]]></category>
		<category><![CDATA[account balances]]></category>
		<category><![CDATA[American Bankers Association]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Banking System]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Bob Brooks]]></category>
		<category><![CDATA[Center for Responsible Lending]]></category>
		<category><![CDATA[checks]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[debit card]]></category>
		<category><![CDATA[debits]]></category>
		<category><![CDATA[Deceptive Money]]></category>
		<category><![CDATA[Federal Deposit Insurance Corporation]]></category>
		<category><![CDATA[legislation]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[overdraft fees]]></category>
		<category><![CDATA[overdrafts]]></category>
		<category><![CDATA[Prudent Money]]></category>
		<category><![CDATA[transaction fees]]></category>
		<category><![CDATA[USA Today]]></category>

		<guid isPermaLink="false">http://blog.prudentmoney.com/?p=2188</guid>
		<description><![CDATA[38.9 billion dollars&#8230;This is the estimated revenue that the banking system will make this year in overdraft fees.  Overdraft fees have become an enormous revenue producer for banks.
The Federal Deposit Insurance Corporation estimates that 81% of all banks now allow customers to exceed their account balances.  Most banks in America will automatically sign [...]]]></description>
		<wfw:commentRss>http://blog.prudentmoney.com/2009/07/15/how-banks-are-ripping-you-off-in-the-name-of-convenience/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Another Way Congress Protected The Credit Card Industry</title>
		<link>http://blog.prudentmoney.com/2009/07/14/another-way-congress-protected-the-credit-card-industry/</link>
		<comments>http://blog.prudentmoney.com/2009/07/14/another-way-congress-protected-the-credit-card-industry/#comments</comments>
		<pubDate>Tue, 14 Jul 2009 16:51:18 +0000</pubDate>
		<dc:creator>bob@prudentmoney.com</dc:creator>
				<category><![CDATA[Credit Card Industry]]></category>
		<category><![CDATA[The Government / Politicians]]></category>
		<category><![CDATA[American Consumer]]></category>
		<category><![CDATA[bill]]></category>
		<category><![CDATA[Bob Brooks]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[Credit Card Companies]]></category>
		<category><![CDATA[credit card debt]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Deceptive Money]]></category>
		<category><![CDATA[financing]]></category>
		<category><![CDATA[legislation]]></category>
		<category><![CDATA[National Small Business Association]]></category>
		<category><![CDATA[politicians]]></category>
		<category><![CDATA[Prudent Money]]></category>
		<category><![CDATA[small business owner]]></category>
		<category><![CDATA[Washington]]></category>

		<guid isPermaLink="false">http://blog.prudentmoney.com/?p=2164</guid>
		<description><![CDATA[If you were to listen to the political sound bites, you would think that the politicians have done an amazing job protecting the American Consumer through the credit card legislation that was passed in May and goes into effect February 2010.  Just like everything in Washington, the sound bites don&#8217;t reflect reality.  Politicians [...]]]></description>
		<wfw:commentRss>http://blog.prudentmoney.com/2009/07/14/another-way-congress-protected-the-credit-card-industry/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The Top 12 Indicators that the Economy is Bad</title>
		<link>http://blog.prudentmoney.com/2009/06/16/the-top-12-indicators-that-the-economy-is-bad/</link>
		<comments>http://blog.prudentmoney.com/2009/06/16/the-top-12-indicators-that-the-economy-is-bad/#comments</comments>
		<pubDate>Tue, 16 Jun 2009 14:40:16 +0000</pubDate>
		<dc:creator>bob@prudentmoney.com</dc:creator>
				<category><![CDATA[Banking System]]></category>
		<category><![CDATA[Credit Card Industry]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Bad Economy]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[bear market]]></category>
		<category><![CDATA[Bob Brooks]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[citigroup]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[Deceptive Money]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Pfizer]]></category>
		<category><![CDATA[Prudent Money]]></category>
		<category><![CDATA[Prudent Money Outlook]]></category>
		<category><![CDATA[Stimulus package]]></category>

		<guid isPermaLink="false">http://blog.prudentmoney.com/?p=1750</guid>
		<description><![CDATA[New Deceptive Money Posting &#8211; Bank of America charging $1 per debit? 
New Prudent Money Outlook &#8211; The One Reason this Bear Market Is not Over 
OK, I typically don&#8217;t reproduce e-mails.  However, I really found this to be funny.   I think that we can all use some humor.  Full disclaimer &#8211; I did not write or come [...]]]></description>
		<wfw:commentRss>http://blog.prudentmoney.com/2009/06/16/the-top-12-indicators-that-the-economy-is-bad/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Banks Ready to Raise Your Fees and Charge You New Ones</title>
		<link>http://blog.prudentmoney.com/2009/06/15/banks-ready-to-raise-your-fees-and-charge-you-new-ones/</link>
		<comments>http://blog.prudentmoney.com/2009/06/15/banks-ready-to-raise-your-fees-and-charge-you-new-ones/#comments</comments>
		<pubDate>Mon, 15 Jun 2009 15:44:24 +0000</pubDate>
		<dc:creator>bob@prudentmoney.com</dc:creator>
				<category><![CDATA[Banking System]]></category>
		<category><![CDATA[Credit Card Industry]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[banking industry]]></category>
		<category><![CDATA[Bob Brooks]]></category>
		<category><![CDATA[debit cards]]></category>
		<category><![CDATA[Deceptive Money]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[Fees]]></category>
		<category><![CDATA[overdraft fees]]></category>
		<category><![CDATA[Prudent Money]]></category>

		<guid isPermaLink="false">http://blog.prudentmoney.com/?p=1605</guid>
		<description><![CDATA[Get ready for fees and more fees.  The banking industry is doing their part in response to the latest credit card legislation that limits their ability to raise their revenue through excessive interest rate increases.  Well, it sort of limits their ability.  Remember, this legislation is far from perfect and does give them some wiggle room. 
Unfortunately, the law [...]]]></description>
		<wfw:commentRss>http://blog.prudentmoney.com/2009/06/15/banks-ready-to-raise-your-fees-and-charge-you-new-ones/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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