Credit Card Over Limit Fees Persist for Small Businesses

The credit card reform Congress passed last year ended

The credit card reform Congress passed last year ended “over limit” penalties –- typically $35 fees applied when cardholders charge more than their credit lines allow -– unless customers opt in. At least for consumers –- not so for business credit cards, which the CARD Act does not regulate at all. Now, with two sets of rules, confusion abounds.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.