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It's Not A Rate Hike, it's A Value Adjustment
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Here's how the banks bemd the truth: The Bank of America pledged this week not to raise interest rates on customers the way they've been doing. But they've already switched all their customers to a variable rate system that will allow for rate hikes. They aren't going to do "consumer-friendly" things without leaving themselves loopholes big enough to drive an armored truck through.
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