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 |
From inside the book
Results 1-5 of 37
Page 2
... discount offered is 5.1 percent , and among small retailers , the average discount is even greater , 6.75 percent , while cash discounts of 10 percent are not uncommon . The Senate would show these merchants where the beef is , by ...
... discount offered is 5.1 percent , and among small retailers , the average discount is even greater , 6.75 percent , while cash discounts of 10 percent are not uncommon . The Senate would show these merchants where the beef is , by ...
Page 32
... discounts and surcharges . At the same time , by excluding the price differences from the treatment as a cost of credit under the Federal and State laws , it would continue to encourage merchants to offer price differences to encourage ...
... discounts and surcharges . At the same time , by excluding the price differences from the treatment as a cost of credit under the Federal and State laws , it would continue to encourage merchants to offer price differences to encourage ...
Page 36
... offer discounts . Approximately 40 percent of all retailers surveyed believed that discounts for cash are " a good idea . ' In finding that credit card transactions cost most retailers more than cash or check transactions , and that the ...
... offer discounts . Approximately 40 percent of all retailers surveyed believed that discounts for cash are " a good idea . ' In finding that credit card transactions cost most retailers more than cash or check transactions , and that the ...
Page 38
... discounts for cash . Under this approach , existing discount programs would ... offer price differences to induce payment by cash instead of by credit card ... discounts and surcharges are fundamentally equivalent , as well as on a number ...
... discounts for cash . Under this approach , existing discount programs would ... offer price differences to induce payment by cash instead of by credit card ... discounts and surcharges are fundamentally equivalent , as well as on a number ...
Page 39
... offer more of the two - tier pricing that Congress is trying to encourage . Although 40 percent of the retailers surveyed by the Board considered cash discounts a " good idea , " only 6 percent actually offered them . This low figure ...
... offer more of the two - tier pricing that Congress is trying to encourage . Although 40 percent of the retailers surveyed by the Board considered cash discounts a " good idea , " only 6 percent actually offered them . This low figure ...
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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 card purchases cardholders cash and credit cash customers Cash Discount Act cash price Chairman ANNUNZIO charge card competitive Congress cost of credit credit card costs credit card customers credit card fraud 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 marketplace MasterCard merchant discount million NRMA offer discounts OIL COMPANIES pay cash percent permit 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