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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.
I pulled my Experian credit report and I saw that a law office has been pulling my credit once a year for the past two years. It's to collect a debt I owe from 2009/2010. How can I stop them from doing this? Is there a way I can find out how much time is left on the SOL on the debt? Also, when I got this debt, I was not a legal resident in the United States but I am now.Can this help in making the validity of this debt slightly illegal? Does this change anything? I also pulled my Equifax credit report but it does not have this information on it. Is this normal?
I'm just interested in everyone's plan for 2015. Are you rebuilding, just beginning, in a holding pattern, or are you ready to be a credit repair pro and help others?
Did you meet your goals for 2014?
If you want, provide your plan so you can come back at the end of 2015 and see if you met your goals.
Hello everyone. Happy holidays. Received an automatic credit line increase from Barclays today. (Got that card thanks to the info on this site) I was waiting for my sixth month anniversary to call and ask for an increase. I started with 1,000 and they increased it by 650.00 Can I still call to see if they will give me more? Let me know.