Victory!!! Obama signs new Credit card laws into law!!!

This is a discussion on Victory!!! Obama signs new Credit card laws into law!!! within the The Second Amendment & Gun Legislation Discussion forums, part of the Related Topics category; Originally Posted by SelfDefense As we see here, the liberals and libertarians want to sue for any reason in hopes of forcing normal people to ...

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Thread: Victory!!! Obama signs new Credit card laws into law!!!

  1. #16
    Ex Member Array JOHNSMITH's Avatar
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    Quote Originally Posted by SelfDefense View Post
    As we see here, the liberals and libertarians want to sue for any reason in hopes of forcing normal people to pay so they can live a life of luxury without working.
    No offense, but you need to take a step back and review your definition of "libertarian." They are not "liberals." I do mostly agree with your post, though.
    Last edited by JOHNSMITH; May 24th, 2009 at 03:56 PM.

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  3. #17
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    Safety of debit cards

    Quote Originally Posted by morintp View Post
    Hopyard, that's not entirely true. I got rid of my credit cards a few years ago, but I am able to shop online with no problems using my debit cards. If I don't have enough in one of my accounts, I can't afford it. If I really want or need it, I save for as long as it takes and then buy it.
    Yes, you can make an online purchase with a debit card, but you do not have the same protection from fraud, theft, and mistaken billing with debit cards that you have (by law) with credit cards.

    It could well be that down the road, those protections would be given to debit card users---and that would be a good thing.

    But until that happens, it is important to remember that no one is ever legally liable for fraudulent charges above 50 bucks when they use a credit card, but your bank may not offer similar protection and losing a debit card number can expose you to potentially losing your entire checking balance and even money in savings or CDs at the same financial institution.

  4. #18
    Ex Member Array PNUT's Avatar
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    Good. The more "bitter disappointments " that the anti's have to swallow the better. Maybe one day they'll grow up.....nah..

  5. #19
    Ex Member Array JOHNSMITH's Avatar
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    Quote Originally Posted by Hopyard View Post
    Yes, you can make an online purchase with a debit card, but you do not have the same protection from fraud, theft, and mistaken billing with debit cards that you have (by law) with credit cards.

    It could well be that down the road, those protections would be given to debit card users---and that would be a good thing.

    But until that happens, it is important to remember that no one is ever legally liable for fraudulent charges above 50 bucks when they use a credit card, but your bank may not offer similar protection and losing a debit card number can expose you to potentially losing your entire checking balance and even money in savings or CDs at the same financial institution.
    I once had some fradulent charges (above $50) on my debit card that I never use. It was a more complicated process than with a credit card, but I got my money back.

    Indeed, the issue is that with a debit card, the money is GONE until the dispute is resolved. With a CC, it's not your money that's gone, its the company's, until the dispute is resolved - so technically speaking, you never "lost" anything at all (unless you already paid the bill).

  6. #20
    Distinguished Member Array MinistrMalic's Avatar
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    Personally I just think the world has lost its collective mind. How did we get an anti- president to pass legislation that a pro- president couldn't get done? How come all of a sudden a whole bunch of Blue Dogs come out of the woodwork when a couple of years ago they were nowhere to be found?

    The world has gone haywire when the most liberal senator in HISTORY signs into law as president a piece of legislation that includes softening gun laws. :)
    "...whoever has no sword is to sell his coat and buy one." (Luke 22:36)
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  7. #21
    Member Array JungleJim's Avatar
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    You know this had to burn his ass as his signed his name to it

  8. #22
    Ex Member Array JOHNSMITH's Avatar
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    Quote Originally Posted by MinistrMalic View Post
    Personally I just think the world has lost its collective mind. How did we get an anti- president to pass legislation that a pro- president couldn't get done? How come all of a sudden a whole bunch of Blue Dogs come out of the woodwork when a couple of years ago they were nowhere to be found?

    The world has gone haywire when the most liberal senator in HISTORY signs into law as president a piece of legislation that includes softening gun laws. :)
    Well, Bush did oversee the rule change that originally made this ok, before an activist judge overruled it. And Bush did originally say that if the AWB renewal made it to his desk, he'd sign it. Thankfully that never happened.

    But I agree - what a weird thing to happen! Obviously Big O wants the CC bill, quite badly in fact.

  9. #23
    Distinguished Member Array tangoseal's Avatar
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    I fear this ...

    Obama is knowingly and quietly giving a little now to stop the worry and focus on his anti gun regime and then BAM!!! under the table, you wont know, full on anti gun bills get passed.

    He is a false profit and full of lies.

    Please do not let this make you think we are in the clear. We are far from it my friends, far far , too far from it.
    "I believe that the right of the citizen to keep and bear arms must not be infringed if liberty in America is to survive." - Ronald Reagan

  10. #24
    Ex Member Array JOHNSMITH's Avatar
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    I fear that something similar can be done with anti-freedom legislation - that they can attach something to a "must pass" bill that is significant enough to curtail our rights, but "forgettable" enough that the media will gladly gloss over it so that its easier for the Dems (and anti-gun Repubs) to vote anti-gun without upsetting their voters.

  11. #25
    Distinguished Member Array nutz4utwo's Avatar
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    Wow. Lots of bickering about credit...

    Let's celebrate this victory while we can!

    HHHHHOOOOOOORRRRRRAAAAAYYYYYYYYY!!!!!!!

  12. #26
    VIP Member Array packinnova's Avatar
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    Quote Originally Posted by SelfDefense View Post
    It doesn't matter if you think it is reasonable. The credit card companies should be able to do anything without government interference. I think it is reasonable for the banks to raise rates of the deadbeats that do not fulfill their obligations. I think it is reasonable to expect that contracts are readand understood, no matter how small the 'fine print' is. Ever heard of a magnifying glass? The fine print becomes very large.



    A debit card is completely different. If someone fradulently writes a check on my account there is no fifty dollar limit on my responsibility. Society should not have to subsidize every ill event that can be caused my criminal mischief.



    Nonsense. We should not have any limits on interest that can be charged. If someone want to take out a loan and pay exorbitant interest, then let them. The free market dictates the cost of money, not some politicians that have NO LEGITIMATE INTEREST in controlling the marketplace.

    I find it troubling that some want the government to control every aspect of our lives. If you don't like the terms of the credit card don't buy one! No one is forcing others to borrow money. There is no right to credit cards in the Constitution.



    No, this bill does not help ordinary people. It helps deadbeats and irresponsible borrowers. It hurts ordinary people as we [again] must subsidize those that live beyond their means in another form of wealth redistribution. This is socialism by any definition.



    Class action suits should be prohibited. The courts are full of frivolous lawsuits, which cost time and money. As we see here, the liberals and libertarians want to sue for any reason in hopes of forcing normal people to pay so they can live a life of luxury without working. Not too different than those who a welfare dependents. It is no wonder many people despise these ambulance chasing lawyers.

    Do you have mesothelioma? Call Dewey, Cheatum, and Howe.
    +10... I'm in complete agreement with SD for a change...but that's usually the case economically speaking. Fact of the matter is that PEOPLE screw up. It's not the credit card companies fault. They write up a contract and tell you to either hear it, read it, or both... and then SIGN that you understand all the terms and conditions.

    We as individuals make that choice. Now, if we turn around and run that credit card up for more than we can pay back, that's OUR FAULT. It's not the fault of the company, nor is it any business of the government getting involved. Unless of course, we decide to tell the credit card company to screw off because we're not paying. In that case, yes we want the government involved in the form of LE and locking people up for theft.
    "My God David, We're a Civilized society."

    "Sure, As long as the machines are workin' and you can call 911. But you take those things away, you throw people in the dark, and you scare the **** out of them; no more rules...You'll see how primitive they can get."
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  13. #27
    Member Array Sonic Misfit's Avatar
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    Quote Originally Posted by SIXTO View Post
    Cash is king! I live by a simple rule, If I can't pay cash, I cant afford it. The only exceptions are a car (both are at 0%, so what the heck) and my home.

    For extras or toys, if I cant buy it twice, I cant afford it!
    Hey Sixto,

    I like your philosopy of "if I cant buy it twice, I cant afford it." I think I am going to put this phrase on a 3x5 card and put it on the refridgerator where it will be seen frequently. If more people adopted this attitude, the country wouldn't be in the mess we are in now.

    Thanks.

  14. #28
    VIP Member Array farronwolf's Avatar
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    Wait a minute now.

    It is not ok for folks who fail to read the fine print of a credit card contract to want the gov. to intervene if the credit card companies in turn use some questionable tactics in raising interest rates or charging fees to the account.

    But it is ok, for the banks to request bankruptcy relief from the gov. as they did under W. and then some of them come around still and want TARP money or other gov. bailouts because they made bad "business" decisions or took risk for folks that weren't credit worthy to begin with.

    Give me a break. It is ok when the gov. steps in and helps the big business who just make bad business decisions, but it is not ok for the gov. to step in and help the consumer who made a bad "personal" decision. That somehow becomes theft?

    I don't quite get the double standard. I say to heck with all of them. Let them all go under for the bad decisions. Yea the taxpayer pays for it, whether it is on the personal or business level. Don't we always?

    But I am all for carrying in the National Parks. I guess I will work harder on the planning for a couple of week long trip through Yellowstone and Yosemite.
    Just remember that shot placement is much more important with what you carry than how big a bang you get with each trigger pull.
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  15. #29
    VIP Member Array packinnova's Avatar
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    Quote Originally Posted by farronwolf View Post
    Wait a minute now.

    It is not ok for folks who fail to read the fine print of a credit card contract to want the gov. to intervene if the credit card companies in turn use some questionable tactics in raising interest rates or charging fees to the account.

    But it is ok, for the banks to request bankruptcy relief from the gov. as they did under W. and then some of them come around still and want TARP money or other gov. bailouts because they made bad "business" decisions or took risk for folks that weren't credit worthy to begin with.

    Give me a break. It is ok when the gov. steps in and helps the big business who just make bad business decisions, but it is not ok for the gov. to step in and help the consumer who made a bad "personal" decision. That somehow becomes theft?

    I don't quite get the double standard. I say to heck with all of them. Let them all go under for the bad decisions. Yea the taxpayer pays for it, whether it is on the personal or business level. Don't we always?

    But I am all for carrying in the National Parks. I guess I will work harder on the planning for a couple of week long trip through Yellowstone and Yosemite.
    What double standard? It's robbery all the way around as far as I'm concerned and yes, I used the word robbery instead of theft. Difference is a thief steals from you when you're not around and with no violence or threat of against your person. What the government does is ROBBERY, just legalized. All the bailouts and the credit card fixups are all about two things, robbery and control.
    "My God David, We're a Civilized society."

    "Sure, As long as the machines are workin' and you can call 911. But you take those things away, you throw people in the dark, and you scare the **** out of them; no more rules...You'll see how primitive they can get."
    -The Mist (2007)

  16. #30
    Senior Member Array TucAzRider's Avatar
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    Quote Originally Posted by packinnova View Post
    What double standard? It's robbery all the way around as far as I'm concerned and yes, I used the word robbery instead of theft. Difference is a thief steals from you when you're not around and with no violence or threat of against your person. What the government does is ROBBERY, just legalized. All the bailouts and the credit card fixups are all about two things, robbery and control.
    AMEN!!!

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