Category: Credit Card

Hutchins Roundup: Gig economy jobs, credit card competition, and more

The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 limited companies’ abilities to raise interest rates on outstanding balances on consumer credit cards, potentially reducing the incentive for companies to compete by lowering rates. Geng Li of the Federal Reserve Board and Yiwei Dou and Joshua Ronen of New York University find that, […]