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Agents Tell Treasury Financial Regulation Study Questions Biased

National News • November 15, 2007
A notice published in the Federal Register seeking comments for a broad Treasury Department review of financial regulation is biased in favor of federal regulation of insurance and foreign ...

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Subject: RE: RE: RE: RE: Treasury Regulation Study

Posted On: November 16, 2007, 8:56 am CST
Posted By: Joe B
Comment:
While 50 states, 50 regulations may cause some problems, whose state's regulations do you use as a guideline? I'm in NY and am old enough to remember when NY had a maximum limit that could be charged a credit card interest. Each state had it's own limit on the allowable interest rate.

Delaware did not have any such limit, so credit cards moved their operations. Federalism came in, over-rode the states on banking. How do you now feel about the credit cards with their 27% annual interest, BS fees, and "if the payment isn't received by 9:00am" scemes.

If I charged anyone 27% interest for a loan, what would happen to me. I believe the term is usury.
Subject Posted By Posted On
RE: RE: RE: RE: Treasury Regulation Study Joe B
Nov 16, 2007, 8:56 am
RE: RE: RE: Treasury Regulation Study ringo
Nov 15, 2007, 11:57 pm
RE: RE: Treasury Regulation Study Phrase definition
Nov 15, 2007, 4:03 pm
RE: Treasury Regulation Study Joe B
Nov 15, 2007, 3:48 pm
Treasury Regulation Study Paul DeCotis
Nov 15, 2007, 2:03 pm
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