New Credit Card Legislation Also Impacts Commercial Cards

ROCKVILLE, MD, Aug 17 (MARKET WIRE) --
MarketResearch.com has announced the addition of TowerGroup's new report
"The Conyers and Durbin Credit Card Bills: What They Could Mean for
Commercial Cards," to their collection of Banking & Financial Services
market reports. For more information, visit
http://www.marketresearch.com/redirect.asp?progid=67618&productid=2292249

Bills before each house of Congress entitled The Credit Card Fair Fee Act
of 2009 have serious implications for commercial cards, the banks that
issue them, the merchants that accept them, and the corporates and small
businesses that use them.

The commercial card industry is not as large as the consumer credit card
industry but has better growth prospects, so the stakes are higher and the
prospects for disruptive legislation and regulation quite menacing.

Passage of either the Conyers or the Durbin bill in its present form will
certainly slow commercial card growth and possibly cause card-issuing
banks to lose income.

Similar bills proposed in 2008 by the same legislators did not pass, but
the impact of the current economic crisis has convinced legislators that
constituents could construe their unwillingness to act as lack of concern.

A study by the US Government Accountability Office (GAO) and some other
factors may head off passage of the bills.

Topics covered in the report include...
Report Coverage
Conyers and Durbin Bills Summary
The Commercial Card Industry in the United States
Likelihood of Passage
Summary

For more information visit
http://www.marketresearch.com/redirect.asp?progid=67618&productid=2292249

Contact:
Gregg Kellett
MarketResearch.com
gkellett@marketresearch.com
240.747.3008

Copyright 2009, Market Wire, All rights reserved.

-0-