Consumer Credit Regulation: 11.3.2.3 Revolving Charge Accounts
Many RISAs regulate revolving charge accounts—open-end lines of credit issued by retailers such as department stores or home-heating fuel suppliers for purchase of their merchandise. Typically, bank-issued credit cards that can be used not just at one retailer are outside the scope of a state RISA. On the other hand, the Third Circuit interpreted Pennsylvania’s revolving charge account provision as encompassing bank-issued credit cards.61