Repository logo
 

Credit Cardholders in the United States, New Zealand and Germany: a Need for More Protection?

dc.contributor.authorFoerst, Michael
dc.date.accessioned2011-05-18T23:40:20Z
dc.date.accessioned2022-10-26T04:05:54Z
dc.date.available2011-05-18T23:40:20Z
dc.date.available2022-10-26T04:05:54Z
dc.date.copyright2010
dc.date.issued2010
dc.description.abstractThe currency of the modern world is increasingly changing from paper to plastic. Other payment systems like cash or checks have already been replaced in some business areas by credit cards. If the development is continuing the currency of the future will be indeed plastic. For the first time in history a currency will then be controlled not by the state but by private companies. However the state is called upon here to regulate this payment system. Countries like the United States of America, New Zealand and Germany are meanwhile aware of the necessity to regulate this basic element of daily life. The paper focuses on five main issues of credit card regulation and compares the different approaches of these countries in order to reveal where additional statutory protection for cardholders is warranted. Part I anticipates in a few sentences the main results of this analysis. Part II shortly describes the process of a credit card payment. Part III examines the cardholder protection in the United States, New Zealand and Germany in case of an unauthorised payment. The comparison and evaluation of the different approaches shows that New Zealand can improve its protection level. Part IV examines the regulation of interest rates in the three countries and reveals reform potential in the United States and New Zealand. Part V analyses the regulation of credit card fees and reveals the need for a more comprehensive approach in the United States. Part VI gives an overview of credit card debts in the consumer bankruptcy and reveals urgent reform need in Germany. Part VII examines the protection of credit card holders in case of dispute with the merchant and sees need for the introduction of vicarious liability rules for credit card purchases in Germany and New Zealand Part VIII briefly summarises all results.en_NZ
dc.formatpdfen_NZ
dc.identifier.urihttps://ir.wgtn.ac.nz/handle/123456789/24256
dc.languageen_NZ
dc.language.isoen_NZ
dc.publisherTe Herenga Waka—Victoria University of Wellingtonen_NZ
dc.subjectCredit cardsen_NZ
dc.subjectConsumer protectionen_NZ
dc.titleCredit Cardholders in the United States, New Zealand and Germany: a Need for More Protection?en_NZ
dc.typeTexten_NZ
thesis.degree.disciplineLawen_NZ
thesis.degree.grantorTe Herenga Waka—Victoria University of Wellingtonen_NZ
thesis.degree.levelMastersen_NZ
thesis.degree.nameMaster of Lawen_NZ
vuwschema.contributor.unitSchool of Lawen_NZ
vuwschema.subject.marsden390104 Commercial and contract lawen_NZ
vuwschema.type.vuwMasters Research Paper or Projecten_NZ

Files

Original bundle

Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
thesis.pdf
Size:
425.92 KB
Format:
Adobe Portable Document Format
Description:
Thesis

Collections