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US CARD Act comes into force

US CARD Act comes into force

The US Credit Card Accountability, Responsibility and Disclosure (CARD) Act, one of the most restrictive pieces of card-related reform in recent years, came into effect on 22 February, with President Barack Obama hailing it as helping to shift the balance of power back to consumers.

 

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US Card act comes into force

Canada’s Interac to remain non-profit entity as competition body turns down status request

Nominate for 2010 Awards

Region round up

Region round-up 10.02.10


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Latest Features

Turkey leads innovation in the east

The economic crisis has placed a strain on many industry sectors, not least of all the banking and finance industry. Despite these challenging times, the global cards market has been witnessing continuous growth, especially in the area of smart card innovation.

Debt levels cause alarm bells to ring

Forewarned is forearmed, as the saying goes and nowhere is this more relevant than in the credit card industry, where eye-watering levels of bad debts and record losses on credit card portfolios have forced issuers to overhaul their risk management and lending activities.

Is the EU payments market converging?

With several countries, each with their own cultural and economic factors driving different payment habits and methods, is there such a thing as a European payments market? Are sub-regional groups emerging in different places or are there purely national markets? And regardless of the differences, is there a trend of convergence emerging?