# Prof. Johannes Stroebel's research on the impact of the 2009 Credit CARD Act

1 November 7, 2013 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://www.nytimes.com/2013/11/08/business/economy/a-credit-card-rule-that-worked-for-consumers.html) -- "The study, whose other authors are Sumit Agarwal of the National University of Singapore, Souphala Chomsisengphet of the Office of the Comptroller of the Currency and [Johannes Stroebel](http://www.stern.nyu.edu/faculty/bio/johannes-stroebel) of New York University’s Stern School of Business, estimates that the law is saving American consumers $20.8 billion a year."

[Read more](http://www.nytimes.com/2013/11/08/business/economy/a-credit-card-rule-that-worked-for-consumers.html)

Additional coverage appeared on [Bloomberg Businessweek](http://www.businessweek.com/articles/2013-11-08/the-law-that-saved-credit-card-borrowers-20-dot-6-billion-a-year).