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Senator Norm Coleman, a Republican, said Citigroup "deserves praise for its announcement... that, in its words, 'A deal is a deal.' " Longtime rivals like Chase Card Services followed Citigroup in announcing they would abandon universal default.
That means an end to hidden fees or unreasonable penalties, including universal default, under which interest rates go up when the customer fails to pay a bill not related to the credit card account.
So would the practice of penalizing customers who are late paying an unrelated bill — known as universal default — and the rip-off in which companies charge cardholders new interest on debts that they have paid a month or two earlier.
And it would stop unfair late fees and "universal default," the practice of raising interest rates on accounts in good standing when a borrower falls behind on other bills.
As part of the promise, Citigroup said it would abandon a practice known as "universal default," in which card issuers raise a holder's rate when that person is late paying any bill, even one unrelated to the credit card account.
These include the practice of arbitrarily raising interest rates, penalizing customers when they are late paying a bill unrelated to the credit card — so-called universal default — and charging customers interest on debt that they paid off a month or more earlier.
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The fantasies of Touko Laaksonen, as the Finn was originally known, migrated into a kind of near-universal default clone-wear, and celebrated cruising and casual sexual encounters in a way that appears almost wholesome.
A simple apparatus that you wear around your wrist, holding your phone in place via good old fashioned Velcro – Velcro making all cell phone accessories "universal" by default.
QPCR was performed with 20 ng gDNA according to the manufacturer's protocol in an Applied Biosystems One Step Plus Real-Time PCR System using the default universal cycling conditions.
By default, universal pathways defined in the previous section, like 'Metabolic pathway', will receive a weight of 0 in aggregation.
We identified homologs of these sequences using BLASTX [ 72] (universal genetic code, default parameters, e-value cut off 10-6) comparisons to NCBI's non-redundant protein database (nr).
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