The Credit Card Accountability and Disclosure Act (CARD Act) of 2009 restricted several risk management practices of … credit card issuers. Using a quasi-experimental design with credit bureau data on consumer lending, we find evidence …, historically a source of credit for higher risk consumers, we find greater reliance on such loans by nonprime consumers in states …

We study recent technological innovation in credit markets and document their role in providing information to … households. We show that households value the ability to learn detailed information about their cost of credit. This function is … most valued by less creditworthy households with less experience in credit markets. To measure the demand for information …