[ale] OT: Security code on Credit/Debit cards

[Scott Castaline]

On 02/22/2010 10:01 AM, Lightner, Jeff wrote:
> It does appear based on my read of this link:
> http://www.fdic.gov/regulations/laws/rules/6500-1350.html that the
> poster who said the limit for losses applies to Debit cards as well as
> Credit cards was correct. However, I’ll point out that the link does
> specifically excluded overdraft protection fees among others so it is
> still a matter of Bank Policy as to whether they would refund those.
> Most do but as I pointed out earlier why take the risk when use of
> credit cards avoids this altogether and also insures the money isn’t
> coming directly out of your bank account in the first place?
>
> ------------------------------------------------------------------------
For those of us that have no choice, as it seems to be getting more 
common. Even those that had great credit are losing their credit 
standings or at least greatly minimized.