With clients preferringcredit card payment optionsover cash and debit, credit card surcharges have become an attractive model for legal professionals to offset processing fees at their firms. However, credit card surcharge laws vary by state and require considerable research before implementing them in...
Credit card laws by state Visa / Mastercard / Amex / Discover policies Should you surcharge your customers? How much can you surcharge? Credit card surcharges vs. convenience fees Credit card processing fees can be really expensive. So many businesses want to pass them on to customers through...
TheFederal Trade Commission (FTC)and theConsumer Financial Protection Bureau (CFPB)are the two federal agencies charged with overseeing and enforcing the provisions of the law. Many states also have their own laws relating to credit reporting. The FCRA in its entirety can be found inUnited Stat...
but you will need to understand whether the laws in your state allow children under 18 to co-sign a loan, as well as when each loan will show up on a credit report. In most cases, you can ask your lender these questions in detail. Learn more: What does it mean to be credit ...
State Laws Some states have laws that restrict the use of credit scores in employment decisions. Currently, eleven states have such laws. Is your state included? California, Hawaii, Washington, Connecticut, Nevada, Colorado, Delaware, Maryland, Oregon, Vermont, and Illinois. Why Employers Need Cr...
Department of the credit bureau of the State Council, no unit or individual shall operate individual credit reporting business Article 8 the credit institutions engaged in personal credit business of the directors, supervisors and senior management personnel, should be familiar with the relevant laws ...
A: Two different federal laws speak to the issues you raise: the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA).The FDCPA covers independent debt collectors, the people who collect debts belonging to others. Unfortunately, the law doesn't cover creditors ...
different statutes of limitations for how long a creditor can sue you to collect debts. Once the statute of limitations expires, a creditor cannot sue you. Note that some creditors or collection agencies may still try to contact you, so you’ll want to be familiar with your local laws. ...
Invoke any remedies of a secured party under the Uniform Commercial Code or other laws. 11. GOVERNING LAW. The law of the state of Your billing address when You sign this Agreement shall govern unless such law is preempted by or inconsistent with federal law. 12. ENGLISH LANGUAGE. The orig...
Many states also have laws regulating credit repair companies which may be helpful if you’ve lost money to credit repair scams. If you’ve had a problem with a credit repair company, report the company. Contact your local Consumer Affairs office or your State Attorney General or the Federal...