Tag: credit cards

January 31, 2013 BY Gerald Segal

Fallout from the NFA's credit card ban

NFA's plan to ban credit card or PayPal-type deposits to retail Forex and futures accounts looks likely to go ahead. Our article posted last week breaking the news that the NFA plans to ban the use of credit cards and "alternative funding mechanisms" such as PayPal to fund retail customer accounts has generated a tremendous…

Read more
January 24, 2013 BY Gerald Segal

NFA looks to ban Credit Card or PayPal deposits

The NFA (and those lobbying it) clearly looking to kill the Retail FX sector in the US. LeapRate Exclusive -- LeapRate has learned that the NFA (the self-regulatory body of the U.S. futures industry) has sent a Request-for-Comments letter to various industry members regarding its plan to ban the use of credit cards or "alternative…

Read more