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Spring 2012 - Credit Cards in Transition

Littwin, Angela K

Course ID: 397S  Unique # 29890  Credit Hours: 3
Meeting DaysTimesLocation
   Wednesday 3:30 pm - 5:20 pm JON 5.201
Exam Type   Date   Time      Name Range   Room  
Registration Information
This course is restricted to upper division students only.

For most of their history, credit cards have been largely unregulated.  That changed in 2009 with the passage of the CARD Act, which directly regulated their substantive terms for the first time.  Credit cards will likely receive even more scrutiny from the new Consumer Financial Protection Bureau.  In this seminar, we will examine how these changes have affected the credit industry and the consumers who borrow from it.  Questions to be considered include:  Has regulation decreased the supply or increased the price of credit? Have the new laws helped consumers, or have they negatively restricted consumer choice? What provisions have been most and least effective? What lessons can we apply to other consumer credit relationships? And perhaps most importantly, are these laws an aberration in the history of a free-market product, or is regulation the future of credit cards?

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