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Second, Congress should authorize the Federal Reserve to limit credit card interchange fees to their actual cost, fairly determined, plus a reasonable profit.
At the time, Marston was a thousand miles from his home in Texas with an education in finance that began and ended with a $500 limit credit card.
On Wednesday, the state-run Shanghai Securities News reported that lenders had been told to limit credit to local governments and reject projects that lacked adequate capital, according to The Associated Press.
In China, the economy is expanding so rapidly that the central bank announced measures on Friday to require banks to set aside more reserves in a bid to limit credit.
The move to limit credit card payments caused the Christiansen group earlier this year to lower 2002 revenue projections for the online gambling industry to $3 billion, from $3.5 billion.
Kenneth J. Clayton, senior vice president of card policy for the American Bankers Association, said applying the credit card reform law to small businesses would further crimp credit, since it would limit credit card companies' ability to manage risk.
Similar(38)
Airfordable was born as a payment plan service to support travel for people that have limited credit or limited savings.
Recent legislation, known as the Credit Card Holders Bill Of Rights, has limited credit card companies' abilities to change payment dates suddenly and impose retroactive interest rates.
If anything, it's closer to Whit Stillman's wistful 1990 movie, "Metropolitan," updated with cellphones, BlackBerrys and no-limit credit cards.
One woman carries small bills to pay for tips, drinks, parking and other dating expenses rather than whipping out her high-limit credit card.
And Internet traffic is making the demand for communication capacity grow faster than the wardrobe of a teenager with a no-limit credit card.
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