September 1, 1990 is the target date for the permanent schedule to take effect for all financial institutions.
Several years ago the police in a major city were called to investigate "tons of checks" in a warehouse.
When they arrived on the scene, they found just that.
"Hi!, I Want To Open An Account. Here's My ID."
Once a credit card account is opened, we have very little defense against loss. Loss figures on the misuse of credit cards is expected to top a whopping one billion dollars in 1989.
REGULATION CHANGES WILL LIMIT YOUR CHOICES