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NRF says proposed federal rules threaten instant credit

from The National Retail Federation

NRF is asking the Federal Reserve to reconsider proposed new rules that threaten retailers' ability to offer customers instant credit. "The proposed rule would curtail or eliminate many routine credit granting practices that are safe, valued and desired by both retailers and our customers," NRF Senior Vice President and General Counsel Mallory Duncan said. "The effect of the proposed language would be much more disruptive than we believe was ever intended or envisioned by Congress." more

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