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She also found that some creditors ask for fees, like fax charges and payoff statement fees, that would probably be considered "unreasonable" by the courts.
This is salt in the wound for many undergraduates, the group says in a statement: "Fees climb to £9,000 a year, bursaries are either cancelled or transferred to 'fee waivers', meanwhile, in universities like Warwick, maintenance costs are driven up by the construction of ever more expensive accommodation".
Forget the POS hardware purchases and statement fees and just think about that $.15 transaction fee.
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In 2003, for example, a New York appeals court disallowed a $100 payoff statement fee sought by North Fork Bank.
I had a question about a statement fee and called the card company - only to be told that the assistant couldn't discuss it with me without first obtaining my husband's permission.
But because it is labeled a statement fee, it does not appear to violate the letter of the law, which barred credit card issuers from levying separate fees when a consumer submitted a payment, whether "by mail, electronic transfer, telephone authorization, or other means, unless such payment involves an expedited service by a service representative of the creditor".
And in a surprise, but hugely welcome, move announced in the autumn statement, letting fees to tenants are to be banned, although we don't know quite when.
Likewise, requiring banks to give customers a clear, regular, statement of fees – and portable data so they can switch banks – would expand choice and improve service by giving consumers real bargaining power.
Make sure to ask your attorney to provide an itemized statement of fees so you can determine how much may qualify for a deduction.
Look for a statement on fees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com