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Wednesday, October 5, 2022

Professor Johannes Stroebel’s joint research on the impact of the CARD Act is referenced

Excerpt from The Huffington Post — “Mahoney and his collaborators – Sumit Agarwal of the National University of Singapore, Souphala Chomsisengphet of the Office of the Comptroller of the Currency, and Johannes Stroebel of New York University’s Stern School of Business – found ‘no evidence of an increase in interest charges or a reduction in access to credit.’ While credit cards continued to be a highly profitable part of the banking business, the legislation had saved American consumers more than $20 billion a year, they concluded.”

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