Law Commons^™

Credit Cards In The United States And Japan, Ronald J. Mann

Law Quadrangle (formerly Law Quad Notes)

The following essay is excerpted from a paper prepared during fall 2000 during the author's stay in Tokyo as a visiting scholar at the Institutefor Monetary and Economic Studies at the Bank of Japan.

One of the most important aspects of consumer payment systems in the United States is the widespread use of credit cards. American consumers use credit cards to pay for about one-fifth of their purchases each year. That pattern of use is not universal.

Basic Uniform Commercial Code: Teaching Materials, David G. Epstein

Law Faculty Publications

These materials cover extensions of credit secured by a lien on personal property, sales of goods, commercial paper, credit cards, electronic funds transfer systems, and letters of credit. Some aspects of these subjects are regulated by federal statutes; some aspects are covered only by judicial decisions. Notwithstanding the important body of federal law and common law, the Uniform Commercial Code dominates this book.