ASSIGNMENT+4+10.02.09

READ THE ARTICLE CALLED "BANKS GET BUSY" IN THE SEPTEMBER CLASSROOM EDITION OF WALL STREET JOURNAL ON PAGE 17. BANKS HAVE SUFFERED HEAVY LOSSES FROM THE HOUSING AND CREDIT CRISES, AND THEY FACE MORE OBSTACLES WITH A NEW CREDIT CARD LAW TAKING EFFECT NEXT YEAR. SO THEY HAVE GONE ON THE OFFENSIVE TO FIND OTHER WAYS TO MAKE UP FOR LOST REVENUE AND PROTECT THEIR PROFITS. THE BOTTOM LINE: CUSTOMERS WILL PAY MORE FEES.

ANSWER THESE QUESTIONS: 1. WHAT IS THE GOVERNMENT DOING TO PROTECT CREDIT CARD CUSTOMERS? 2. WHY IS IT IMPORTANT TO USE AN ATM FROM THE BANK YOU BELONG TO? 3. HOW LOYAL ARE WE TO OUR BANKS? WILL HIGHER FEES BE ENOUGH TO MAKE US SWITCH?

POST YOUR ANSWER IN THE DISCUSSION TAB AND LABEL IT ASSIGNMENT 4

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