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What was the Marquette Decision?

Updated: 9/27/2023
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14y ago

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In 1978, the U.S. Supreme Court ruled that credit card issuers could charge out-of-state customers whatever rate was legal in the issuer's home state, igniting a race among the states to attract banks by removing their usury caps on interest rates.

http://supreme.justia.com/us/439/299/case.html

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