Originally Posted by pushback

These policies are not in place to protect you. They are in place to protect the bank and the merchant. The $5/hour clerks who mimic the mantra they have been told to repeat have no idea what they are talking about--they are merely wind-ups. You are already protected by the fair credit act and Reg Z. Your liability in most cases is zero--in some cases is $50 (most banks waive all liability--a perk offered to you in their advertising even though it’s the law). It's a load of tripe.

The banks and merchants have done a wonderful job of shoving the "it's for your protection" mantra at the consumer. I, for one, will never release any more information than I (not them) deem absolutely necessary--certainly not to protect their ...-etts. I stand firm against all attempts to breach privacy rights or civil liberties. Others have died for less--just doing my part. With the ludicrous add on fees and interest rates I lose no sleep knowing that they take a loss now and then.