Written by Greg Smith on 6/29/2009 12:00:00 AM
The passage of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act in May has prompted credit card industry representatives to make public statements that the changes will have a negative impact on consumers in the long run.
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Written by Greg Smith on 1/29/2009 12:00:00 AM
One reader wrote acknowledging the need for share (deposit) rates to come down but then asking if loan rates would fall, also. It’s certainly a reasonable question, and PSECU has lowered rates in a number of areas already. For example, in 2008 we reduced the rate on Visa® Capitol Card® cash advances from 12.9% Annual Percentage Rate (APR) to our Visa purchase rate of 9.9% APR.
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