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: CL&P Blog

Jeff Gelles Comment on WSJ Credit Card Tricks Article

By Jeff Sovern

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by Jeff Sovern

Brian posted a link earlier this week to the Wall Street Journal article on new tricks to get around the Credit CARD Act.  Jeff Gelles of the Philadelphia Inquirer has written a comment on the WSJ article, arguing, I think correctly, that while pricing mechanisms that conceal the true price from consumers--some of which were described in the article--do indeed qualify as tricks and traps, merely increasing prices openly is not a trick because it doesn't deceive consumers (though, of course, price increases don't make consumers happy).

Full post as published by CL&P Blog on August 04, 2010 (boomark / email).

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