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finance regulation
I never been into politics, not even on today’s US election.
However, I interested in learning how the US election will actually help US small businesses, as well as global small businesses, in receiving perks that will be beneficial for all.
Countdown to US November election has never been more exciting today, especially in both consumer and business credit cards industry.
A nation of which people regarded by many as big spenders, US Credit Debt is overwhelming and disrupting lives. Many of its people are in deep credit debt due to mismanaged personal finance, as well as non-conducive law and regulation.
The Credit Cardholders’ Bill of Rights is highly advocated and anticipated today, due to the political purposes attached to it by the US presidential candidates.
Once provisions of Credit Cardholders’ Bill of Rights come into effect, you can expect fairer credit card regulations for both consumer and business.
Perks for small business owner
What the proposed provisions of Credit Cardholders’ Bill of Rights means to small business owner?
Once the provisions take effect, small business owners will enjoy no interest rates increase while they pay their bills regularly on time. Moreover, there will be no new interest rates can be applied to the balances accumulated under the previously low interest rate.
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