Which State Usury Laws Apply to Credit Card Accounts?

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DATE : Mon, 16 Jun 2008 22:26:55 +0000
Entered in Database : 2008-06-16 22:26:55
length : 339839
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Federal banking laws and regulations do not determine the rate of interest national banks may charge on credit cards and other types of loan accounts. The maximum interest rate that may be charged is controlled by State law—in the State where the banks’ headquarters are located. Moreover, national banks can export the interest rates of the [...]Click here to play