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Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage
Publisher:
ISBN:
Category : Consumer credit
Languages : en
Pages : 282
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Book Description
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage
Publisher:
ISBN:
Category : Consumer credit
Languages : en
Pages : 282
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Book Description
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage
Publisher:
ISBN:
Category : Cash discounts
Languages : en
Pages : 272
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Book Description
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage
Publisher:
ISBN:
Category : Consumer credit
Languages : en
Pages : 266
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Book Description
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage
Publisher:
ISBN:
Category : Cash discounts
Languages : en
Pages : 266
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Book Description
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage
Publisher:
ISBN:
Category : Consumer credit
Languages : en
Pages : 0
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Book Description
Author: Navin Vett
Publisher: Independently Published
ISBN:
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
New York's historic Credit Card Surcharge Law has upended the financial landscape, leaving both corporations and consumers perplexed. Is it a revolutionary win for justice or a perplexing legal quagmire? This funny and instructive book cuts through the legalese and gets to the heart of the problem. Inside, you can find: For the wise shopper: Decode the jargon. Forget interchange fees and network assessments; instead, comprehend the legislation in plain English. Spot the surcharge sharks: Learn how to spot businesses that break the regulations. Cash or credit? Make informed decisions, avoid hidden fees, and optimize your savings. For company owners: Compliance made easy: Understand your alternatives and avoid expensive penalties. Navigate the gray area: Get simple answers to questions about gift cards, online transactions, and more. Keep your customers satisfied: Learn how to discuss surcharges successfully while maintaining loyalty. Future-proof your business. Stay on top of legal problems and developing interpretations. Get your copy now and say goodbye to credit card confusion, New York style! Remember, information is power, and in this financial jungle, you'll need a machete. Disclaimer: This book is intended for informational purposes only and does not provide legal advice. If you have any specific questions, consult a professional.
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Consumer Affairs
Publisher:
ISBN:
Category : Cash discounts
Languages : en
Pages : 314
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Book Description
Author: Adam J. Levitin
Publisher:
ISBN:
Category :
Languages : en
Pages : 73
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Book Description
Whether a customer pays with cash, check, PIN- or signature-based debit card, or credit card, the transactions costs imposed on the merchant differ widely, but credit card networks' no-surcharge rules prevent the merchant from passing those different costs along to the customer. These no-surcharge rules are anti-competitive and cause an inefficient over-consumption of credit at the expense of other payment systems. Moreover, no-surcharge rules result in substantial negative social and economic welfare effects, including inflation, decreased consumer purchasing power because of greater debt service, lower savings rates, more consumer bankruptcies, inequitable subsidization of credit consumers by non-credit consumers, and unnecessary subsidization of the entire credit card industry outside of the political process. This article is the first piece in the legal literature to examine no-surcharge rules in the age of expanding electronic payment systems and rising consumer bankruptcies and to connect no-surcharge rules to social welfare issues.No-surcharge rules are coming under scrutiny in the US and abroad. The Federal Reserve Board has just embarked on its first-ever comprehensive review of Regulation Z, which implements the Truth-in-Lending Act and cash-credit pricing differentials. Recent anti-trust examination of credit card networks in the US and Europe may signal that the Board is willing to inspect closely many credit card practices. Australia's marked drop in demand for credit cards after banning surcharge restrictions in 2003 may also play into the Board's stated concern about the rapidly increasing growth of consumer debt in the US. Even if the Federal Reserve Board fails to act, the growth of the major credit cards networks' products at the expense of other payment systems networks may lead to private anti-trust actions directed at no-surcharge rules. The potential legal challenges would be the Superbowl of anti-trust litigation, dwarfing the record $3 billion anti-trust settlement Visa and MasterCard reached with Wal-Mart in 2003 over their restrictions on debit-card pricing. No-surcharge rules' role in payment system economics will undoubtedly gain increased attention over the next few years, as the abolition of no-surcharge rules would dramatically change Americans' payment and debt behavior.
Author: Michelle Kirby
Publisher:
ISBN:
Category : Credit card fees
Languages : en
Pages :
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Book Description
Discusses the impact of the recent class-action settlement with Visa and MasterCard on credit card purchases in Connecticut.
Author: Texas
Publisher:
ISBN:
Category : Commercial law
Languages : en
Pages : 0
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Book Description
