Fulford, Scott L.; Stavins, Joanna - 2024 - This version: April 2024
In consumer credit, "ability-to-pay" (ATP) rules require lenders to consider whether the consumer can repay a loan …. Using a large panel of credit card accounts, we study the 2009 Credit Card Accountability Responsibility and Disclosure … (CARD) Act's ATP rule and its effect, if any, on the US credit card market. We find that the rule appears to have had no …