# Prof. Johannes Stroebel's research on the impact of the Credit CARD Act

1 January 2, 2014 American Banker ![](/sites/default/files/styles/246w/public/assets/images/con_036825.gif?itok=Nq4akC9D)>

Excerpt from [American Banker](http://www.americanbanker.com/magazine/124_01/give-borrowers-a-payoff-nudge-1064382-1.html) -- "'The finding was that approximately half a percent of all borrowers shifted their behavior toward this payoff that would allow them to pay off within 36 months,' says [Johannes Stroebel](http://www.stern.nyu.edu/faculty/bio/johannes-stroebel), an NYU assistant professor of finance who worked on the study."

[Read more](http://www.americanbanker.com/magazine/124_01/give-borrowers-a-payoff-nudge-1064382-1.html)