Page 5 - Inactivity Fee News Today : Breaking News, Live Updates & Top Stories | Vimarsana

More than two dozen retailers have this $7 inactivity fee. sometimes it's less, a mere $2.50. talk about the banks getting you coming and going. and this isn't some boutique practice, huge retailers like walmart, walgreens and home depot use it. they give their employees a choice, direct deposit or an old fashioned check. many employees have no choice. in other cases, the employee is enrolled in the payment program automatically, and there's a small mountain of paperwork to get out of it. some employees are afraid to request other options. the reason for the growth of the practice is that it i...

Them. there are no longer annual expirations dates. you have five years to use the money on the card regardless of what the current expiration date is. know you have five years to use it but some will still charge you an inactivity fee if you don't touch it. go and dabble and use $5 or $10 here and there to keep it active to avoid the fees. but you have five years to use the money. >> thank you very much for the update. >> you're welcome. >> shannon: florida republicans bill mccullum and rick scott have spend more than $50 million making it the most expensive primary in florida history. mccoll...

Dirty tricks ever since his website published documents from the afghanistan war. a catastrophe hit, affecting 450,000 residents to flee. the worst flooding in decade affected, killing more than 1500 people and leaving at least 6 million homeless. meanwhile, in an interview with a pakistan television station, secretary of state, hillary clinton says this extreme weather is a seen that climate change is getting worse. new federal regulations go into effect today for credit card companies and the rules stem from the federal credit card accountability and responsibility and disclosure act signed ...

Increases and inactivity fees. now, to start, the new rules say late payment penalties can't be more than $25 or the amount of your late payment. so if you're late on say $20. your penalty fee cannot be more than $20. and in addition, you credit card company can no longer hit you with an inactivity fee for not using the card. if your card decides to increase the rate because of excessive late payments, for instance, you need to be told why. they can no longer just do th blindly and six month later you have the right to review. if you corrected bad behavior and want the rate lowered the company...

You of this. they have to tell you they are raising their rates. six months after they raise your rates presuming you paid on time and you got yourself back into good standing you have a right to have it reviewed and if you deserve it, it can be lowered again. keep in mind, they may not decrease it 10% but six months later you are reviewed and you get some sort of rate decrease. >> gregg: now gift cards. they can be a really terrific thing, but they can also be a scam. so what about the new protections? >> so many people don't use them. put them away for a rainy day and you are getting charged...