Faculty News
Professor Johannes Stroebel's joint research on the impact of the CARD Act is referenced
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![Huffington Post logo Huffington Post logo](/sites/default/files/styles/480w/public/assets/images/huffpost192x144.jpg?itok=a2MotZM4)
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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