Financial Markets: Federal Reserve Board Opposition to Credit Card Interest Rate Limits

GGD-87-38BR Published: Apr 07, 1987. Publicly Released: Apr 07, 1987.

Highlights

Pursuant to a congressional request, GAO evaluated the soundness of congressional testimony that a Federal Reserve System (FRS) official gave on proposed legislation to limit credit card interest rates.

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Topics

Financial Markets and Institutions

Congressional hearingsexecutive relationsCredit salesInterest ratesLending institutionsProposed legislationSurveysCredit cardsMortgage marketProfits