hat
Nan 1980s yo, Gouvènè Lè sa a, Delaware Pierre Samuel du Pont IV pastoral Lwa sou Devlopman Sant Finansye atravè Asanble Jeneral Delaware. Lwa a te enstrimantal nan elimine pratikman tout lwa eri nan Delaware, ki bay bank yon ankourajman imedya pou kòmanse filyal kat kredi nan Delaware, kòm lwa federal la prevwa ke fwod limit, oswa mank ladan l ', yo limite a sa yo ki nan eta lakay yon bank, endepandan kote bank lan ap fè biznis. Sa a ankouraje yon eksplozyon nan konpetisyon nan mitan bank bay desizyon kat kredi ak to varye pou divès nivo nan konsomatè kredi. E akòz règleman minimòm Delaware nan to enterè ki chaje, bank yo te kapab bay kat gwo pousantaj enterè konsomatè ki gen gwo risk.
eng
In the 1980s, then-Delaware Governor Pierre Samuel du Pont IV shepherded the Financial Center Development Act through the Delaware General Assembly. The act was instrumental in eliminating virtually all usury laws in Delaware, giving banks an immediate incentive to start credit-card subsidiaries in Delaware, as Federal law provides that usury limitations, or lack thereof, are limited to those of a bank’s home state, irrespective of where the bank conducts business. This encouraged an explosion in competition among banks to issue credit cards with varying rates for various levels of consumer credit. And because of Delaware’s minimal regulation of interest rates charged, banks were able to issue high-interest rate cards to high-risk consumers.