Hot Topic: Small Business Owners and the New Credit Card Reform
by Christina Lee on June 2nd, 2009
As small business owners continue to seek credit in any way they can, recently passed legislation may end up eliminating one viable option: credit cards. Over the past few years, credit card companies and small business owners have become more dependent on each other to conduct business. About 12 percent of 6 billion mailed credit card offers target small businesses, while their owners account nearly as much of all Visa and MasterCard charges, according to industry studies. But with the development of the economic downturn, both are now struggling to stay afloat. And as small business owners continue to rely... Read more »