Credit card interest rate ceiling and disclosure

Credit card interest rate ceiling and disclosure

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As the article reported: Credit cardsa#39; steep fees and rates have kept that business profitable for most banks, in spite of surging ... MasterCard, and Visa, entitled Interest Rate Controls on Credit Cards -- An Economic Analysis even goes so far as to ... It would be more accurate to say that creditworthy consumers are bearing the costs of those risks by paying banks ... Important terms such as late fees and other charges and the method of calculation of balances on which interest may beanbsp;...

Title:Credit card interest rate ceiling and disclosure
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage
Publisher: - 1987

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