American Banker Article Surveys Studies of Credit CARD Act

Here, but behind a paywall, unfortunately.  Everyone agrees that the Credit CARD Act reduced some fees, but there is disagreement about whether it has increased the cost of and restricted access to credit.  As you might expect, the industry still says yes and the consumer advocates still say no. The Consumer Financial Protection Bureau is doing its own review, and no doubt whoever it disagrees with will reject its findings in turn.

Leave a Reply

Your email address will not be published. Required fields are marked *