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	<title>Comments on: Credit card changes getting media attention</title>
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	<link>http://paydaypundit.org/2008/12/16/credit-card-changes-getting-media-attention/</link>
	<description>News and Information About The Payday Lending Industry</description>
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		<title>By: J</title>
		<link>http://paydaypundit.org/2008/12/16/credit-card-changes-getting-media-attention/comment-page-1/#comment-2674</link>
		<dc:creator>J</dc:creator>
		<pubDate>Tue, 16 Dec 2008 16:59:17 +0000</pubDate>
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		<description>Maybe the Payday Pundit can&#039;t criticize banks and card companies from reassessing their risks and changing terms, but I can.  

There is no reason to raise the cost of borrowing to someone who has been a good customer for many years.  The banks are exacerbating the economic situation and showing just how ruthless they really are.  They should be penalized for what they are doing to the public.  I didn&#039;t ask for all those credit line increases and I didn&#039;t complain about the 1/2 percent rate increases.  Increasing 7-10 percent is outright criminal, especially when rates are still falling.  

This ideology is the true weakness in our economy.  This kind of greed shows a complete disregard for customers is not good business.  

I hope the banks that did this (CITIBANK) never recover the business they are chasing away.</description>
		<content:encoded><![CDATA[<p>Maybe the Payday Pundit can&#8217;t criticize banks and card companies from reassessing their risks and changing terms, but I can.  </p>
<p>There is no reason to raise the cost of borrowing to someone who has been a good customer for many years.  The banks are exacerbating the economic situation and showing just how ruthless they really are.  They should be penalized for what they are doing to the public.  I didn&#8217;t ask for all those credit line increases and I didn&#8217;t complain about the 1/2 percent rate increases.  Increasing 7-10 percent is outright criminal, especially when rates are still falling.  </p>
<p>This ideology is the true weakness in our economy.  This kind of greed shows a complete disregard for customers is not good business.  </p>
<p>I hope the banks that did this (CITIBANK) never recover the business they are chasing away.</p>
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