In 1982 the legislature also increased the interest rate ceiling on credit card loans from 18% to 21%. ... a subsidiary of Minneapolis- based Norwest Corporation, which had consolidated its nationwide credit card processing from three states in ... Michigan. Despite legislative attempts, Michigan has been unable to increase the interest rate ceiling on consumer loans and, particularly, bank credit card loans.
Title | : | Annual Editions, Money and Banking, 90-91 |
Author | : | James P. Egan |
Publisher | : | McGraw-Hill Companies - 1989-10-01 |
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