APR

The US credit card business – reloaded

November 3, 2009 Carsten Lexa Leave a comment

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. On August 13th, 2009, I wrote an article here on Commercial Law International about the “secrets” of the US credit card business and about how the existing rules make it hard for customers to pay off their credit card dept. Now, a new Goverment proposal tries to help customers to reduce their credit card

Banking, debt, Economy, Ethics, Finance, Legislative Process, Regulation

“Secrets“ about the US credit card business

August 13, 2009 Carsten Lexa 2 comments

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. I´m not sure whether the following are really “secrets”. Very likely they are not. But they are definitely not commonly known – even to US-Americans, who use, on average, about 8 credit cards per person. Especially the Germans always wonder about the problems the US-Americans have with credit cards and how it is possible

Banking, Capital Markets, Commercial, Commercial Awareness, Contracts, Economy