Originally Posted by
Adam1222
The bare minimum of compliance from the perspective of the bank is not the same as a best practice from a consumer perspective. It is a very technical minor disclosure statement that the average "newbie" who relies on the info of these shlock blogs. As noted, banks know that reality is a regulator is not going to go after these know nothing bloggers who "recommend" credit cards without making it clear their "advice " is really an ad.
And you are basing this on? I am assuming that you are expert in the compliance standards for credit cards, correct? And also are an expert and understand the compliance standards that the credit card companies require of bloggers?
I'm not going to pass judgement on what's good or not good for consumers. But, you seem to be holding the bloggers to a higher standard than the big banks. Perhaps, if the banks were held to a higher standard than this problem would be eradicated. I think going after AMEX, Citibank and Chase might be a better place to start.