Credit Card Regulations Will Hurt Marginal Users & Small Businesses ...Middle East

It can be difficult to navigate the world of commerce today without having a credit card. An increasing number of retailers eschew cash and many transactions—such as buying an airline ticket or nearly anything online—are all but impossible to do without owning at least one credit card. However, Congress is currently considering legislation that would likely result in fewer low-income households being able to obtain a credit card, while putting small businesses at a competitive disadvantage. The legislation—titled the Credit Card Competition Act—attempts to artificially boost competition by forcing some—but not all—credit card issuers to modify their credit cards so that merchants would hav

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Last updated : 05 February 2024 clock 06:49 PM

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Credit Card Regulations Will Hurt Marginal Users & Small Businesses ...Middle East

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