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Debt Settlement - A Good Option For Debt Relief 2011

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Sommer 작성일24-07-11 10:26

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Penalties would have to be "reasonable." Lawyers love the term reasonable. It can mean almost anything depending on how you interpret it. Charging a $29 late fee for a $15 payment that is a day late might seem completely reasonable to the likes of Bernie Madoff. It would likely be less reasonable for the person whose payment was delayed by a day. The punishment would need to be appropriate to the crime under the new regulation. Card issuers would not be allowed to impose penalties greater than the infraction's dollar amount. In the example above, the fee cannot exceed $15.00.

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