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There is a .pdf file to download. Lots of interesting info. The abstract is below.
We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act. We use a panel data set covering 160 million credit card accounts and a difference-in-differences research design that compares changes in outcomes over time for consumer credit cards, which were subject to the regulations, to changes for small business credit cards, which the law did not cover. We estimate that regulatory limits on credit card fees reduced overall borrowing costs by an annualized 1.6% of average daily balances, with a decline of more than 5.3% for consumers with FICO scores below 660. We find no evidence of an offsetting increase in interest charges or a reduction in the volume of credit. Taken together, we estimate that the CARD Act saved consumers $11.9 billion per year. We also analyze a nudge that disclosed the interest savings from paying off balances in 36 months rather than making minimum payments. We detect a small increase in the share of accounts making the 36-month payment value but no evidence of a change in overall payments.
If you are looking to apply for the Barclays US Airways card and wish to help a brother or sister out by allowing them to refer you for the card, they will benefit from some bonus miles and you will benefit from 50k in miles. The offer is only good until January 18, 2015 so you would need to apply by then and get approved for the referring person to get the bonus miles. If interested, just PM the next person on the list with your email address as the thread moves along. If you are on the list and get a referral, please post and let people know who is next up for a referral. If someone has received a referral, please move to the next person on the list. I will also update the current order and other can help with that too.
So if you apply, please show some love for the following people:
If you want to offer a referral to a specific person because they helped you with credit repair or you just want to because you want to, then that's okay too. If you want to keep it private, just do it by PM and don't worry about posting in the thread.
If you received the referral email from Barclays and want to be added to the list, please let us know and I will update the order and add you.
If you are not ready to apply now, it looks like the card will be around until March 31, 2015.
I made a mistake and BT into a New Barclays world master card with "0" interest for 15 months by doing the same amount twice. The 2nd BT request just popped on my Barclays transaction and showed me $2000
over my limit. I spoke to Barclays and was told that since BT went thru, my credit line when the new statement is cut will be the amount that I am over the limit. She said there was no overlimit fee om World Master Card.
I am a little stunned since when I got the card 7 days ago and I called back door for a higher CL they said NO!