Credit Card Fees
Nicole Maestri reports on Reuters about increases in the fees US credit card issuers are getting.
Consumers are expected to pay $43.1 billion in late fees, over-the-limit fees, finance charges and other fees on their credit cards this year, up from $39.6 billion last year. That figure is set to rise again in 2004, according to R.K. Hammer Investment Bankers, which follows the credit-card industry. "You've got more fees, charged to more people, triggered more quickly than ever before," said Robert Hammer, chairman and chief executive officer of R.K. Hammer.
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