4/9/2010

Recently passed credit card rules don't apply to small-business cards, and a bill that would apply similar provisions to them has stalled in the House. Under the law that took effect in February, the Federal Reserve must recommend protections for small-business cardholders by May 22. Although some issuers have extended protections to holders of business cards, the banking lobby says extending credit to small businesses is more risky and that extending the protections would curtail credit.

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