Credit Card Surcharge Ban: Hearing Before the Subcommittee on Consumer Affairs and Coinage of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-eighth Congress, Second Session, on H.R. 5026 ... S. 2336 ... March 27, 1984 |
Other editions - View all
Common terms and phrases
accept credit cards additional advertising amended Amoco annual percentage rate ban on surcharges bank card believe benefit Board Study card issuers cardholders cash and credit cash customers Cash Discount Act cash price cash purchasers Chairman ANNUNZIO competitive CONGRESS THE LIBRARY cost of credit credit card customers credit card fraud credit card sales credit card surcharges credit card transactions credit card users credit costs credit customers credit surcharges credit transactions disclosure discounts for cash fact February 27 Federal Reserve Board finance charge FORTNEY gallon GONZALEZ Governor TEETERS higher price HILER impose surcharges incremental sales issue legislation Lending Act LIBRARY OF CONGRESS marketplace MasterCard merchant discount million offer discounts OIL COMPANIES pay cash percent point of sale price differences price gouging problem prohibition retailers Senate bill Senator D'AMATO sumer surcharge ban surcharges for credit Thank third party Truth in Lending Truth-in-Lending Act two-tier pricing system usury laws VISA WYLIE
Popular passages
Page 222 - Be it enacted by the Senate and Bouse of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Housing Amendments of 1957".
Page 199 - Use of cash discounts (a) With respect to credit card which may be used for extensions of credit in sales transactions in which the seller is a person other than the card issuer, the card issuer may not, by contract or otherwise, prohibit any such seller from offering a discount to a cardholder to induce the cardholder to pay by cash, check, or similar means rather than use a credit card.
Page 176 - The Board Study's conclusion that credit card transactions were more expensive than cash transactions is based on three previous studies and a 1983 survey of retailers conducted by the Survey Research Center at the University of Michigan on behalf of the Board. The prior studies do not support the dual conclusions of the Board Study that there are greater costs for credit transactions and that no incremental sales were experienced by retailers due to acceptance of credit cards. In fact, two of the...
Page 218 - Oklahoma Oil Marketers Association Oregon Oil Jobbers Association Pennsylvania Petroleum Association, Inc. South Carolina Oil Jobbers Association South Dakota Independent...
Page 199 - ... (b) With respect to any sales transaction, any discount not in excess of 5 per centum offered by the seller for the purpose of inducing payment by cash, check, or other means not involving the use of a credit card shall not constitute a finance charge as determined...
Page 50 - Vento, and members of the Subcommittee, good morning and thank you for the opportunity to discuss issues related to reducing regulatory burden and streamlining the regulatory process for insured depository institutions.
Page 223 - State, including, but not limited to, laws relating to the types, amounts or rates of charges, or any element or elements of charges, permissible under such laws in connection with the extension or use of credit...
Page 9 - We have two witnesses that we want to try to finish as rapidly as possible so we can conclude testimony this morning. The next is Dr. James R. Kimmey, executive director, American Public Health Association. Dr. Kimmey, it is good to see you back before the committee. We welcome you. If you have a prepared statement, it will be made part of the record and you can highlight it for us. STATEMENT OF DR. JAMES R. KIMMEY, EXECUTIVE DIRECTOE, AMERICAN PUBLIC HEALTH ASSOCIATION Dr.
Page 192 - ARF is composed primarily of state and national retail trade associations which, through their members, represent over one million retail establishments.
Page 222 - discount" as used in section 1666f of this title shall not mean a surcharge. (q) The term "surcharge" as used in this section and section 1666f of this title means any means of increasing the regular price to a cardholder which is not imposed upon customers paying by cash, check, or similar means. (r) The term "State...