Credit Card Reform and Bank Fees

We were outraged when we saw our interest rates rising on our personal credit cards. We needed credit and debit card reform.Well the Credit Card Reform Act was passed in 2009. Here we are in 2011 and banks have begun to find new/old ways to increase there revenues to pre-credit card reform. Many of you may have received notices that your checking or savings accounts that were previously "free" now are at a cost to "you".  If you are opening a new account, take time to research banks in your area. Compare fees and minimum limits. Don't forget about your local credit unions. Local credit unions sometimes have no fees or lower fees than larger banks. A good source to compare bank rates and fees is http://www.bankrate.com/checking.aspx

Source: Fresh Start Consumer Care, LLC