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Proposed changes to Regulation Z: highlighting behaviors that affect credit costs


  • Ann Kjos


On June 29, 2007, the Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop led by Jeanne Hogarth, program manager, Consumer Education and Research Section, Division of Consumer and Community Affairs, Federal Reserve Board of Governors, to discuss the Board’s proposed changes to disclosure requirements for open-end credit, in particular, credit card billing statements and solicitation materials. Hogarth tied the proposed changes to her own research that identified certain behaviors most likely to affect the interest rates consumers pay for credit card borrowing. Given these research findings, Hogarth argued that having access to easily understood information about critical credit card terms and conditions can help consumers make more financially efficient decisions.

Suggested Citation

  • Ann Kjos, 2008. "Proposed changes to Regulation Z: highlighting behaviors that affect credit costs," Payment Cards Center Discussion Paper 08-02, Federal Reserve Bank of Philadelphia.
  • Handle: RePEc:fip:fedpdp:08-02

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    Cited by:

    1. Jones, Lauren E. & Loibl, Cäzilia & Tennyson, Sharon, 2015. "Effects of informational nudges on consumer debt repayment behaviors," Journal of Economic Psychology, Elsevier, vol. 51(C), pages 16-33.

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    Regulation Z: Truth in Lending ; Credit cards;

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