# Prof. Johannes Stroebel's research on the 2009 Credit CARD Act is cited

1 Faculty News October 8, 2013 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2013-10-08/how-changing-a-form-can-change-people-s-lives.html) -- "It is easy to be skeptical about disclosure requirements of this kind. Will consumers pay any attention? It turns out that many of them do so. Sumit Agarwal of the National University of Singapore (along with co-authors from the University of Chicago, New York University and the U.S. Treasury Department) finds that the consequence of the nudge was to reduce interest payments by $74 million a year."

[Read more](http://www.bloomberg.com/news/2013-10-08/how-changing-a-form-can-change-people-s-lives.html)