CFTC Forex Credit Card Ban in Effect

CFTC Forex Credit Card Ban in Effect

The Commodities Futures Trading Commission’s (CFTC) ban on the use of credit cards for U.S. forex transactions, announced in early December, took effect on Saturday, Jan. 31. The forex credit card ban came about to protect ill-informed retail forex investors from fast and mounting debt and was welcomed by members of the National Futures Association.…