Regulating Consumer Financial Products: Evidence from Credit Cards*

Agarwal, Sumit; Chomsisengphet, Souphala; Mahoney, Neale; Stroebel, Johannes

doi:10.1093/qje/qju037

Public

Regulating Consumer Financial Products: Evidence from Credit Cards*

Published in The Quarterly Journal of Economics • Nov 25, 2014

Authors:

Sumit Agarwal

Souphala Chomsisengphet

Neale Mahoney

Abstract

Abstract We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act. We use a panel data set covering 160 million credit card accounts and a difference-in-differences research design that compares changes ...

Subject

Credit card

Payment

Credit card interest

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