International Law

Credit Card Regs: China 1, U.S. 0

By Stan

Something tells me I should email this Shanghai Daily article to all the members of the U.S. Congress, at least the ones who aren’t taking money from the credit card industry (if there are any left):

Shanghai’s banking regulator, responding to rising problems related to a surge in the number of credit cards, says lenders will no longer be allowed to outsource the business of signing up new cardholders.
(More)

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Full post as published by China Hearsay on September 29, 2009 (boomark / email).

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