Credit Card Revenge: Sticks It To Banks -- With Stickers
Video: An 89 year-old grandmother pasting bank protest stickers on ATMs.
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John Clinton Tuttle of Seattle, Wash. is waging guerrilla warfare against high interest rates and other depredations of the credit card industry. He's literally sticking it to 'em -- he's launched a campaign to encourage angry consumers to put bank-bashing stickers on ATMs.
"The credit card business is unethical," said Tuttle, 60, who told HuffPost he put 40 stickers on ATMs in Seattle last Thursday. The stickers say "Stand up to the rich bankers!" and direct ATM customers to Tuttle's website, creditcardrevolt.com, where he makes the case for five basic reforms for the credit card industry, including a 15 percent interest rate cap, better disclosure of rates and fees, and clearer contracts.
The PBS series "The Secret History of the Credit Card" crystallized his view that somebody needed to take a stand against the industry. But Tuttle said he didn't take action until after the president signed credit card reform into law last year.
"I thought when Obama won, that would be the end of it. I thought there would be real credit card reform," he said. "When the law passed in May, I saw that it was another joke. They pretended like it was reform but they were just tweaking the fine print. The real sign is the vote in the Senate -- 90 to 5. That's total baloney."
Feb 9, 2010 at 12:33 AM