Tag Archives: Credit CARD Act

Dec02

NRF says proposed Fed rules threaten instant credit

By Craig Shearman, VP, Government Affairs PR | Published: December 2, 2009

NRF is asking the Federal Reserve to reconsider proposed new rules that threaten retailers’ ability to offer customers instant credit.
“The proposed rule would curtail or eliminate many routine credit granting practices that are safe, valued and desired by both retailers and our customers,” NRF Senior Vice President and General Counsel Mallory Duncan said. “The effect [...]

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Posted in: Public Policy Also tagged applications, congress, credit, Credit Card, Federal Reserve, instant credit |

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Nov02

NRF plans fly-in on proposed rules that threaten instant credit

By Craig Shearman, VP, Government Affairs PR | Published: November 2, 2009

Posted in Public Policy

NRF will take senior-level executives from major retail companies to Capitol Hill this week to meet with lawmakers on proposed new rules that could potentially put an end to retailers’ instant credit operations.
Members of the NRF Payments Systems Task Force and Credit Executives Committee will arrive in Washington today and are scheduled to spend Tuesday [...]

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Posted in: Public Policy Also tagged Federal Reserve, house financial services committee, Senate Banking Committee, “swipe” fees |

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