Re: First Union CheckCard rip-off

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Article #11329

#11329

From: Gregory Pettiford
Date: Fri, 09 Sep 1994 12:24

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> Banks used to mail unsolicited credit cards to consumers. Congress then 
> passed a law to make this practice illegal. If you get technical, First 
> Union may have violated this law too.
> 
> >3. Unlike a credit card, the CheckCard provides no credit nor any grace 
> >   period for payment.

   I think they refer to this type of account as a "Debit Card" that
works similar to a real credit card. And no, the funds are taken out 
at the earliest time possible, like an ATM card.

                   NO MATTER WHERE YOU GO, THERE YOU ARE
                     (Buckaroo Bonzia)

                     Later... Greg

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From: axanar@news.gate.net (Gregory Pettiford)
Newsgroups: misc.consumers,fl.general
Subject: Re: First Union CheckCard rip-off
Date: 9 Sep 1994 08:24:11 -0400
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