The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
(Public Law 109-8, April 2005) made significant changes to
procedures for managing consumer bankruptcy petitions, but it also
included amendments to the Truth in Lending Act. Notable among the
Truth in Lending changes is a section providing for new disclosures
on the length of time it will take consumers to repay open end
credit accounts in full if they make only the minimum required
payments. This paper explores the range of assumptions necessary
for the calculations underlying the new required disclosures,
examines the sensitivity of the disclosures to variations in the
assumptions, and explores the potential for inaccuracy in the
required disclosures based upon consumers' use of their open end
credit accounts. For the latter exploration, the paper examines
consumer survey evidence and employs a large longitudinal sample of
credit card accounts to measure how often consumers' actual
patterns of use of their credit card accounts match the assumptions
of the new disclosure.
General
| Imprint: |
Bibliogov
|
| Country of origin: |
United States |
| Release date: |
February 2013 |
| First published: |
February 2013 |
| Authors: |
Thomas A. Durkin
|
| Dimensions: |
246 x 189 x 3mm (L x W x T) |
| Format: |
Paperback - Trade
|
| Pages: |
46 |
| ISBN-13: |
978-1-288-70911-3 |
| Categories: |
Books >
Social sciences >
Politics & government >
General
|
| LSN: |
1-288-70911-0 |
| Barcode: |
9781288709113 |
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
(1)
(1)
