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http://ssrn.com/abstract=1862466
 
 

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Rate-Jacking: Risk-Based and Opportunistic Pricing in Credit Cards


Adam J. Levitin


Georgetown University Law Center

2011

Utah Law Review, No. 2, p. 339, 2011
Georgetown Law and Economics Research Paper No. 11-28
Georgetown Public Law Research Paper No. 11-136

Abstract:     
This Article, part of a theme-volume on the Credit C.A.R.D. Act, explores the phenomenon of credit card “rate-jacking” — the practice of card issuers suddenly raising the interest rate on an account, often applying the new rate retroactively to existing balances. This Article examines the degree to which rate-jacking — now largely prohibited by the Credit C.A.R.D. Act — and credit card pricing generally reflects risk-based or opportunistic pricing.

Number of Pages in PDF File: 30

Keywords: credit cards, Credit CARD Act, risk-based pricing, opportunistic pricing, shrouded pricing, double-cycle billing, residual interest, float, securitization, static pool, revolver, transactor

JEL Classification: K00, K12, K23

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Date posted: November 20, 2011 ; Last revised: April 25, 2012

Suggested Citation

Levitin, Adam J., Rate-Jacking: Risk-Based and Opportunistic Pricing in Credit Cards (2011). Utah Law Review, No. 2, p. 339, 2011; Georgetown Law and Economics Research Paper No. 11-28; Georgetown Public Law Research Paper No. 11-136. Available at SSRN: http://ssrn.com/abstract=1862466

Contact Information

Adam J. Levitin (Contact Author)
Georgetown University Law Center ( email )
600 New Jersey Avenue, NW
Washington, DC 20001
United States
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