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Thursday, September 6, 2012

Many card companies dumping credit-protection plans

"Credit card holders could soon be saying good-bye to some costly add-on products that promised peace-of-mind during a disaster, such as a job loss.

And many consumer groups say good-riddance. . . .

Credit card protection plans are under fire f
or deceptive marketing practices, and the Consumer Financial Protection Bureau has put all institutions on notice.

One concern is that the third-party outfits that often pitch these products might mislead consumers."


Many card companies dumping credit-protection plans – USATODAY.com

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