FinancialServicesIndustry posts

Feed

$31 billion in credit card fees each year

According to a piece by Marketwatch columnist Marshall Loeb, Americans fork over 31 billion dollars in credit card fees every single year. I don't really have a lot of commentary on this piece, but I think this is an important piece for EVERY consumer to read. Chances are that, if you have a credit card, you are paying some fees that you don't need to be. Read it here.

In addition, I just received an advertisement for a new documentary called Maxed Out, about the predatory practices of the financial services industry. It's playing in a few theaters right now, but as soon as it comes near me, I'll be going to see it. I also ordered the accompanying book Maxed Out: Hard Times, Easy Credit, and the Era of Predatory Lenders.

Are you paying more than you have to?

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 26, 2012: 08:49 PM

Hot Stocks

General Electric

19.20-0.05(-0.26)

Alcoa

8.630.00(0.00)

Apple Inc

562.29-3.03(-0.54)

Google Inc 'A'

591.53-12.13(-2.01)

Bank of America

7.15+0.01(+0.14)

Wal-Mart Stores

65.31+0.24(+0.37)

Exxon Mobil Corp

82.08-0.53(-0.64)

Ford

10.60+0.01(+0.09)

Citigroup

26.47-0.19(-0.71)

IBM

194.30-1.79(-0.91)

Yahoo

15.36+0.01(+0.07)

Starbucks

54.56-0.20(-0.37)

Microsoft

29.06-0.01(-0.03)

Home Depot

49.44-0.27(-0.54)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1338079786261 ms.