Faculty News

Prof. Johannes Stroebel's research on the CARD Act's savings for consumers is cited

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Excerpt from The Washington Post -- "A recent study from New York University estimates that CARD Act fee reductions have saved consumers $12.6 billion a year since being enacted. Researchers examined 150 million credit card accounts and found that limits on fees reduced overall borrowing costs to consumers by an annualized 1.7 percent of average daily balances."

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