Legislation: Bank Credit Card Interest Rates in Maryland: How High Can They Go?

Obtaining credit through the use of bank credit cards, apart of everyday life for most Americans, is becoming more expensive. Today, interest rates are rising, banks want less government control, and consumers want easy credit at a low price. These often conflicting demands have challenged state and federal legislatures to change the laws that govern credit card interest rates. This article examines Maryland\u27s response in light of federal law and the law of other states

Legislation: Bank Credit Card Interest Rates in Maryland: How High Can They Go?

Obtaining credit through the use of bank credit cards, apart of everyday life for most Americans, is becoming more expensive. Today, interest rates are rising, banks want less government control, and consumers want easy credit at a low price. These often conflicting demands have challenged state and federal legislatures to change the laws that govern credit card interest rates. This article examines Maryland\u27s response in light of federal law and the law of other states