Corporate Crime by Nickel and Dime

[marmar]

from Reclaim Democracy!:



Corporate Crime by Nickel and Dime
Hidden fees may cost you more than $4,000 each year...and it's getting worse

Published January 25, 2008



What's the fastest growing corporate crime in America?

Corruption? Pollution? Market manipulation? Securities fraud? No.

It's hidden fees.

It's how the giant credit card, cell phone, cable, and banking corporations nickel and dime you to death. And there are literally scores of hidden fees with more being proliferated every day.

Bounce a check? That will be a $39 bounced check fee.

One day late on your credit card payment? That will be a $39 late payment fee - and we'll hike your interest rate from the introductory 0.00 percent to 15.99 percent.

Towel fee. Towel fee?

Yeah, you get one of those deals on a swank hotel. And you show up at the hotel and get hit with a $30 a day resort fee - including a towel fee. In case you go to the pool and use the towels. Or even if you don't. Pay the fee.

Here's one of my favorites - the ATM denial fee. You go to your ATM machine and ask for $400 in cash. You get back a note from the ATM machine saying - sorry, but your daily limit is $300. .........(more)

The complete piece is at: http://reclaimdemocracy.org/corporate_crime/hidden_fees.php