Credit Card Firms Give Idaho Top Marks

Idaho has earned the top ranking among all U.S. states in “qualities that attract financial service providers,” according to a study commissioned from DRI McGraw-Hill by MasterCard International.

Executives from several major credit card companies ranked states in four key categories: Economic and regulatory environments, legal climate and quality of life.

In the survey, credit card companies listed a friendly legal environment as the most important attraction for the payment industry. Idaho Department of Finance Director Gavin Gee cited the state’s favorable consumer credit code and absence of a usury law as key attractions for financial service providers.

Idaho Department of Commerce Director Thomas A. Arnold also credited Idaho’s healthy economy, strong pro-business stance and telecommunications network as features that led to the top ranking.

, DataTimes