If you read my comment below, the cap applies whether you run your card as debit or credit.

Still, it was a move that didn't benefit the bank's customers, and it's become an accepted practice.

This is usually what happens when the government gets involved. Companies always manage find a loophole or workaround to continue screwing the consumer.

Wouldn't matter. See my comment above.

From CNN's article on this:

I hope you're right, and if this does come to pass, that it's the straw that breaks the consumer's back and leads them to finally leave the big banks in droves. However I have my doubts.

I wouldn't put this past the big banks. Look at ATM fees. One bank started, and everyone else followed suit.

I love Dave Ramsey.

[money.cnn.com]

Wow.

Credit unions are a good bet, and probably won't implement these caps.

Happy Birthday Google Voice/GrandCentral! :)

You're right, I probably should get my wiring checked. :)

I have tried LEDs and they've failed in less than a year, so 25-30 years isn't close to realistic in my experience. CFLs fail in about the same time too, but they're cheap and only use 15 watts for the same supposed brightness as 65 watt incandescents, so I've been using them in my house.

Welcome to the fold! :)

Fox News for sure!

Agreed.

You're lucky. My local utilities are only subsidizing CFLs so far.

I'm speaking from a financial perspective. A pack of 6 CFLs at my local costco costs me $4. A single LED light costs $40. So if they both fail prematurely, my sunk cost on the LEDs is far higher than on the CFLs.

In a couple of years I will reevaluate LED lamps then. As for point 2, LEDs frequently fail before their advertised life. It's not the LEDs themselves that fail, but the electronic components in the housing that go bad. Even CFLs rarely live up to their advertised life, but at least they're cheap enough that I…