If card-issuers are blocked from charging interest rates higher than 10 percent for consumers with a poor credit history, these consumers will find out that they have fewer borrowing options.
Alex D. Tokarev
Dr. Alex D. Tokarev is Associate Professor of Economics at Northwood University in Midland, Michigan. His research interests include Classical Liberalism, Institutions, Incentives, Entrepreneurship, Public Policy, Law and Economics, Economic History, Morality of Capitalism, Economic Development.
