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My 2 Cents

July 26, 2008

'The $18 billion collected in credit card late fees and penalties is more predatory and unscrupulous than the mortgage lending that has been getting all the hype. Late with one payment, and your rate can go from 8% to 30%. Greed, greed and more greed.'

-- Neil Jurgensen,

Los Angeles,

on Sunday's Consumer Confidential column about added fees, higher penalties and poor service at banks

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