Agarwal, Chomsisengphet, Mahoney, and Stroebel (2015) analyse the effectiveness of this aspect of the CARD Act as well as the requirement for clear information on credit card statements on the costs of making only the minimum payment. They find that regulatory limits on credit card fees reduce overall borrowing costs.
Moreover, participation in training and communication involving international financial institutions will enhance our capability in professional research and analysis, reinforce credibility and authority in the course of financial policy formulation and implementation. Looking forward to 2010, international financial scenario is still riding on its V shape rebound, following the recovery of major economies.