with late fees being such a large profit center. Take that away and they just reach for another pocket to dig into. I doubt credit abusers will go away. They'll just pay lower penalties and we get to make up the difference.
Why are banks so greedy?
After some of the biggest banks have been bailed out to include other financial centers do they keep coming for more? So, you do feel safe from the threat from within. It appears the 5th column is not some outside threat but one that simply believes greed is the be all for itself. Is it our fault they screwed themselves with home loans and issuance to dead beats and those not deserving or business venture loans, etc.. Is it coming to the point where you have to pay for the stamp to be denied. Some banks are placing a fee on the monthly mailed statements.
You get a fee even if you don't use a CC, one if you don't use it enough and one for having a certain card that got yanked. Of course if you cancel the CC, your credit history will appear as a unfriendly hit. The CC reform just won't work when the banks become so blatant in their disregard of treatment to their CC users.