Card Co's Day of Reckoning Hits IT

Sausner, Rebecca
July 2009
Bank Technology News;Jul2009, Vol. 22 Issue 7, p12
Trade Publication
The article reports that the U.S. Consumer Financial Protection Agency has restructured its federal regulations on credit card industry in terms of timing and restrictions. The American Bankers Association (ABA) stated that the change includes the entire business models, eliminate practices and reconstruct the credit with customers. In addition, U.S. President Barack Obama has signed into law which innovates the consumer behavior in place in compliance


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