Monday, January 19, 2009

How to judge if your credit-card issuer is being unfair or deceptive

The FDIC has detailed how to detect unfair or deceptive credit-card practices in its winter "Supervisory Insights" letter to banks.

Here, according to the FDIC, is a three-pronged test to assess whether a credit card representation, omission or practice is "deceptive." All three of the following conditions must be met:

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