Abstract

http://ssrn.com/abstract=1563456
 
 

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Credit Card Reform and Bankruptcy Reform


Michael Simkovic


Seton Hall Law School; Harvard Law School - John M. Olin Center for Law and Economics

October 1, 2009

Norton Bankruptcy Law Adviser, No. 10, p. 1, October 2009

Abstract:     
Consumer advocates won a victory with the passage of the Credit Card Accountability Responsibility and Disclosure Act of 2009. (Credit Card Act). The Credit Card Act bans certain pricing practices that were confusing to credit card users. Ironically, the seeds of this legislative victory may have been sown through an earlier legislative defeat - the Bankruptcy Abuse Prevention And Consumer Protection Act of 2005 (BAPCPA). In passing the Credit Card Act, the U.S. Congress Joint Economic Committee cited a study of the effects of BAPCPA on credit card industry profits and prices. The study revealed that the credit card industry may have misled Congress about the probable effects of BAPCPA. The complete and final version of this study was recently published in the American Bankruptcy Law Journal. What follows is a summary.

Number of Pages in PDF File: 13

Keywords: credit card, bankruptcy, reform, regulation, consumer protection

JEL Classification: A1, B4, D1, D2, D4, D6, D8, D9, E4, E5, G21, G28, K00, K12, K2, L1, L2, L4, M2

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Date posted: March 4, 2010 ; Last revised: September 4, 2012

Suggested Citation

Simkovic, Michael, Credit Card Reform and Bankruptcy Reform (October 1, 2009). Norton Bankruptcy Law Adviser, No. 10, p. 1, October 2009. Available at SSRN: http://ssrn.com/abstract=1563456

Contact Information

Michael Simkovic (Contact Author)
Seton Hall Law School ( email )
One Newark Center
Newark, NJ 07102-5210
United States
Harvard Law School - John M. Olin Center for Law and Economics ( email )
Cambridge, MA 02138
United States
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