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We've had here many threads about how the banks squeeze many people, raising interest rates through the roof when all one has done is maxing a different credit cards with a different bank.
Yes, we all know that carrying balance on credit cards is bad, but each has a different circumstances. We went through several "cycles" of long unemployment and we did use credit cards as much as possible, keeping cash to pay for necessities, like mortgage, utilities, etc. (this was before each agreed to be paid by credit cards).
But at least we knew that the office of the state attorney general - at least in most states - could be addressed for complaints about practices by a bank.
No longer.
A letter that we received recently stated that the "Office of the Comptroller of Currency (OCC) recently issued rules claiming that only the OCC can enforce consumer protection laws as to national banks. This rule is being tested in the courts."
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