New credit card rules could sting small businesses

02/28/2010 | Wall Street Journal, The

The CARD Act, which went into effect last week, provides consumers with protection from predatory fees and interest-rate hikes but does not extend the same protections to business-card users. In fact, experts say, businesses could see their credit card costs soar as card issuers seek to make up the shortfall from the consumer sector. "There is a whole revenue stream that has been shut off to credit card issuers," says National Small Business Association spokeswoman Molly Brogan. "They may look to small businesses to make up that revenue."

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