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No-wake order at Lake of the Ozarks is lifted, Gov. Nixon announces July 4, 2015
The study found that high-cost penalty fees and interest rates were not used to mitigate risk - as credit card issuers claimed - but instead were the risk that led to higher default rates. Banks with more consumer-friendly policies in place had lower default rates. The researchers attribute that to the fact that customers aren't getting hit with as many expensive fees.
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