Comments on: Transparency & Communication with Proposed Credit Card Regulatory Changes http://blogs.gartner.com/kristin_moyer/2009/04/29/transparency-communication-with-proposed-credit-card-regulatory-changes/ A member of the Gartner Blog Network Sat, 21 Jan 2012 07:44:58 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Ronald Fischman http://blogs.gartner.com/kristin_moyer/2009/04/29/transparency-communication-with-proposed-credit-card-regulatory-changes/comment-page-1/#comment-3234 Ronald Fischman Sat, 30 May 2009 04:46:14 +0000 http://blogs.gartner.com/kristin_moyer/?p=745#comment-3234 As a consumer, I have left several banks the instant that their fee "structure" changed. Granted, I am a low income working stiff; no bank ever got rich on teachers' payroll accounts. However, I have had the impact of causing my employer (then, a charter school with 1000 students) to take its business elsewhere. Ms. Cohen cites the micro-upside for banks that save their customers from incurring avoidable fees. I think that banks that carry large payroll accounts are overlooking the risk they incur by charging these fees. Since the savaging and destruction of Glass-Steagall, the world is eventually looking at UniBank, Inc. When all walls against monopoly and broad-based trust control fall, no consumer will have the choice that I helped my employer exercise, and therefore the choice will be UniBank, a credit union, or the mattress. As a consumer, I have left several banks the instant that their fee “structure” changed. Granted, I am a low income working stiff; no bank ever got rich on teachers’ payroll accounts. However, I have had the impact of causing my employer (then, a charter school with 1000 students) to take its business elsewhere. Ms. Cohen cites the micro-upside for banks that save their customers from incurring avoidable fees. I think that banks that carry large payroll accounts are overlooking the risk they incur by charging these fees.

Since the savaging and destruction of Glass-Steagall, the world is eventually looking at UniBank, Inc. When all walls against monopoly and broad-based trust control fall, no consumer will have the choice that I helped my employer exercise, and therefore the choice will be UniBank, a credit union, or the mattress.

]]> By: Canadian Banks Carded To Little Effect http://blogs.gartner.com/kristin_moyer/2009/04/29/transparency-communication-with-proposed-credit-card-regulatory-changes/comment-page-1/#comment-3079 Canadian Banks Carded To Little Effect Fri, 22 May 2009 19:21:14 +0000 http://blogs.gartner.com/kristin_moyer/?p=745#comment-3079 [...] the surface these changes reflect some of what has already been proposed by U.S. lawmakers, (http://blogs.gartner.com/kristin_moyer/2009/04/29/transparency-communication-with-proposed-credit-ca... ), but importantly are absent any limiting of interest rates and interchange [...] [...] the surface these changes reflect some of what has already been proposed by U.S. lawmakers, (http://blogs.gartner.com/kristin_moyer/2009/04/29/transparency-communication-with-proposed-credit-ca... ), but importantly are absent any limiting of interest rates and interchange [...]

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