January 9, 2010

New Credit Card Rules

Todd Zywicki

Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics

Todd Zywicki talks by phone on the impact of the new rules upon the banking industry. He says the new rules minimally help the consumer while greatly affecting lenders. He talks about the limited access to credit by the consumer as a result of higher interest rates and annual fees and the result on the overall economy.