Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or "cash … users every year. Because credit card spending and rewards are positively correlated with household income, the payment …

The Credit CARD Act of 2009 was intended to prevent practices in the credit card industry that lawmakers viewed as … made it more difficult for issuers to change terms on credit card plans. Critics of the Act argued that because of the long … disadvantage cardholders before the law could take effect. Using credit bureau data as well as individual data from a survey of U …

The Credit CARD Act of 2009 was intended to prevent practices in the credit card industry that lawmakers viewed as … made it more difficult for issuers to change terms on credit card plans. Critics of the Act argued that because of the long … disadvantage cardholders before the law could take effect. Using credit bureau data as well as individual data from a survey of U …

consumers are more likely to pay bank account or credit card fees, and how payment behavior varies depending on paying such fees …. We find that the probability of paying several types of bank account and credit card fees is correlated with consumers …Banks impose a variety of account fees, and credit card issuers impose a variety of fees related to card usage. Using …

consumers are more likely to pay bank account or credit card fees, and how payment behavior varies depending on paying such fees …. We find that the probability of paying several types of bank account and credit card fees is correlated with consumers …Banks impose a variety of account fees, and credit card issuers impose a variety of fees related to card usage. Using …

Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or "cash … users every year. Because credit card spending and rewards are positively correlated with household income, the payment … and card rewards would likely increase consumer welfare. -- Credit cards ; cash ; merchant fees ; rewards ; regressive …

borrow on their credit cards, adding to their existing debt. Thus the cost of relying on credit cards is likely very high for … drop in income from one year to the next, like one resulting from a layoff or a government shutdown, increased their credit … card borrowing. We do not find evidence that a negative income shock raises consumers' likelihood of revolving on credit …

payments, which may leave the household more exposed to other shocks. We find that this change affects credit card use in two … ways: A debt effect increases credit card spending, while a credit effect leads to higher credit limits. In the short run …, a new mortgage acquisition has a robust and statistically significant positive effect on credit card utilization - the …

as faster payments or central bank digital currency, become available to consumers in the future. …

payments, which may leave the household more exposed to other shocks. We find that this change affects credit card use in two … ways: A debt effect increases credit card spending, while a credit effect leads to higher credit limits. In the short run …, a new mortgage acquisition has a robust and statistically significant positive effect on credit card utilization …