The Act deregulates banking laws governing bank credit cards issued in Georgia. Deregulation is accomplished by eliminating the eighteen percent ceiling on interest rates, the twelve dollar annual fee limit, and other rate and fee limitations on credit cards issued in Georgia. The Act also permits out-of-state financial institutions to establish limited purpose credit card banks in Georgia. March 19, 1987
BANKING AND FINANCE Credit Cards: Provide for Deregulation,
Ga. St. U. L. Rev.
Available at: https://readingroom.law.gsu.edu/gsulr/vol3/iss2/14