Similarly, the prohibition against annual fees for the use of a credit card is discriminatory because it tends to transfer credit costs ... 25 to 55 days in which to pay for purchases without paying any Finance Charge. ... The Adjusted Balance and the Average Daily Balance methods require complex calculations that are practical only when a computer system is used. ... is simple to calculate and can readily be utilized by non-computerized, smaller retailers who use manual billing systems.
|Title||:||Hearings, Reports and Prints of the House Committee on Banking, Currency, and Housing|