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The economic effects of proposed ceilings on credit card interest rates

Canner, Glenn B.; Fergus, James T. - In: Federal Reserve Bulletin (1987) Jan, pp. 1-13

Persistent link: https://www.econbiz.de/10005380218

Statement to Congress, April 21, 1987 (proposed legislation on credit card applications and interest rates)

Seger, Martha R. - In: Federal Reserve Bulletin (1987) Jun, pp. 430-435

Persistent link: https://www.econbiz.de/10005713447

Statement to Congress, March 18, 1987 (interest rates on credit cards and disclosure of terms)

Seger, Martha R. - In: Federal Reserve Bulletin (1987) May, pp. 338-341

Persistent link: https://www.econbiz.de/10005713862

Statement to Congress, January 28, 1986 (views of Board on legislative proposals that would establish nationwide ceilings on credit card interest rates)

Rice, Emmett J. - In: Federal Reserve Bulletin (1986) Mar, pp. 180-184

Persistent link: https://www.econbiz.de/10005502141

Option value of credit lines as an explanation of high credit card rates

Park, Sangkyun - Federal Reserve Bank of New York - 1997

Credit lines offered by credit cards contain an option arising from changing default probabilities of cardholders. The option value can explain high credit card rates and high profits of card issuers. The card rate producing zero profit for card issuers is higher than interest rates on most...

Persistent link: https://www.econbiz.de/10005512219