NASE on Micro-Business

New Credit Card Law Missing Micro-Biz Protections

Posted on: May 29, 2009

The Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 (H.R. 627/S. 414), a bill designed to protect consumers from unsavory practices employed by credit card companies, was recently signed into law by President Barack Obama. The NASE was disappointed to see that an important amendment introduced by Senate Small Business Committee leadership, Senators Landrieu (D-La.) and Snowe (R-Maine), failed to pass. The amendment would have extended these protections to the business credit cards of firms with 50 or fewer employees. However, we still applaud the efforts of Congress and the Administration to increase transparency and consumer protections relating to these popular financing tools.

Click here for a fact sheet on the credit card reform law, or tune into YouTube to see President Obama explain the details of the new bill.

For more updates like this, please subscribe to Washington Watch, the NASE’s weekly e-Newsletter covering our legislative efforts here in Washington, D.C. on behalf of micro-businesses.

Advertisements

1 Response to "New Credit Card Law Missing Micro-Biz Protections"

[…] Credit Card Bill Might Leave Small Businesses Out, New Credit Card Law Missing Micro-Biz Protections Tags: credit cards, FICO score, Molly, tighter loan […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Connect with NASE

NASEtweets on Twitter    NASE Facebook Group      NASE LinkedIn Group      NASEview YouTube Channel

     

http://www.nase.org/

Daily Reads

RSS NASE tweets!

  • An error has occurred; the feed is probably down. Try again later.
Featured in Alltop
May 2009
M T W T F S S
« Apr   Jun »
 123
45678910
11121314151617
18192021222324
25262728293031
%d bloggers like this: