JazzboCR wrote:
However poorly Brother ID thinks of BofA, I think worse of them. They jacked the rate on my CC balance to 30+%. Didn't that used to be called "usury"? "plundering marauders" indeed
PS I paid it off and cut up the card.
Usury was an term used years ago to describe loan sharks,pawn brokers, etc. It kind of fell off the table when your friendly banker started to make loans. After a few years "Mr Friendly Banker" woke up and said what idiots we are. Lets get into that usury game. So they hired some high priced, well connected, unethical lawyers and lobbyist to get those high minded moralistic congressman to pass laws allowing them to join in the fun. Off course the fees paid the lawyers and lobbyists and campaign donations was a drop in the bucket compared to the fees they collected from the new usurias rates they now can
legally charge.

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