Faculty News
Prof. Johannes Stroebel's research on the Credit CARD act is cited
—
![Yahoo Finance logo Yahoo Finance logo](/sites/default/files/styles/480w/public/assets/images/yahoofinance.jpg?itok=detSSg9Y)
Excerpt from Yahoo! Finance -- "In fact, the elimination of many fees, and clarity on other penalties and repayment terms, is saving consumers $12.6 billion annually according to a paper published Jan. 26 by a team of academics led by economist Johannes Stroebel of New York University. The team found the true cost of credit – interest rate plus fees – has shrunk significantly since implementation of the CARD Act, and even more for consumers with poor credit."
Read more
Read more