Two weeks ago, Ann Minch of Red Bluff, Calif .announced in a YouTube video that she'd launched a one-woman "Debtors' Revolt" and would refuse to pay off her credit card balance after an unfair interest-rate hike.
Page A22 A FALSE AND UNFAIR ECONOMY One interest group is quieter and far less powerful than most: the poor.
At South Brooklyn Legal Services, we regularly seek and obtain this relief on behalf of borrowers, and in the process usually end up modifying the loan on favorable terms, without unfair charges for interest and fees.
Congress needs to address numerous unfair practices, including interest rates that skyrocket for no apparent reason and due dates that suddenly shift — forward — so that an unwary consumer pays late.
Even though the Fed's report emphasized its traditional concerns with the banks' safety and soundness, the full range of risks that such extensive merchant banking operations pose includes heightened conflicts of interest, unfair competition, misallocation of credit, more complex forms of market manipulation and fraud and excessive concentration of economic and political power.
This is both punitive and unfair, as compound interest will have many unintended consequences: the poor will acquire more debt, while others will be indifferent to course fees as they simply defer payment, never work, or leave Australia, with many only realising the error of the decisions when it is too late to do anything about it.
Week 3 Recap: Meltdown, Conflict of Interest, Unfair Advantage, & Velveeta?
Until there's something done about the way wealth is accumulated and distributed, the tax structure, unfair competition, usurious interests rates, financial speculation and other matters, individual initiative can't lead to much of substance on a broad scale.
The one-sided policy toward Israel espoused by President Bush and John Kerry is not in our best interests, is unfair to the Palestinians and hurts the long-term interests of Israel.
Britain's £520 billion-a-year lending industry faces a crackdown starting today aimed at protecting borrowers from extortionate interest rates, unfair contracts and mis-selling on everything from mortgages to back-street loans.
