Have a personal or library account? Click to login
Does the Definition of the Cost of Consumer Credit According to the Regulations Support Credit Decisions? Results of Individual In-Depth Interviews With Experts Cover

Does the Definition of the Cost of Consumer Credit According to the Regulations Support Credit Decisions? Results of Individual In-Depth Interviews With Experts

By: Wiktor Cwynar  
Open Access
|Dec 2024

References

  1. Bertrand, M. & Morse, A. (2011). Information Disclosure, Cognitive Biases, and Payday Borrowing. Journal of Finance, 66(6), 1865-1893.
  2. Buch, J., Rhoda, K.L. & Talaga, J. (2002). The Usefulness of the APR for mortgage marketing in the USA and the UK. International Journal of Bank Marketing, 20(2), 76-85.
  3. Cwynar, W. (2022). What Do Consumers Know and Understand About Effective Interest Rates? Evidence From a Debt Literacy Survey in Poland. Forum Scientiae Oeconomia, 10(1), 117-146.
  4. Day, G. & Brandt, W. (1972). A Study of Consumer Credit Decisions: Implications of Present and Prospective Legislation. National Commission on Consumer Finance, Report No. 2, U.S. Government Printing Office, Washington D.C.
  5. Due, J. (1955). Consumer Knowledge of Installment Credit Charges. Journal of Marketing, 20(2), 162-166.
  6. Ferman, B. (2011). Reading the Fine Print: Credit Demand and Information Disclosure in Brazil. PhD dissertation, Massachusetts Institute of Technology.
  7. Finanse Polaków (2017). Provident Polska, https://media-provident.pl/pr/377087/finanse-polakow-kupowanie-wsieci-zywnosci-i-produktow-finansowych-bud (Accessed: 30.05.2024).
  8. Juster, F. & Shay, R. (1964). Consumer Sensitivity to Finance Rates: an Empirical and Analytical Investigation. National Bureau of Economic Research, NBER Occasional Papers, No. 88, Section II.
  9. Lee, J. & Hogarth, J.M. (1999). The Price of Money: Consumers’ Understanding of APRs and Contract Interest Rates. Journal of Public Policy & Marketing, 18(1), 66-76.
  10. Mandell, L. (1971). Consumer Perception of Incurred Interest Rates: an Empirical Test of the Truth-in-Lending Law. Journal of Finance, 26(5), 1143-1153.
  11. Mors, W. (1965). Consumer Credit Finance Charges: Rate Information and Quotation. National Bureau of Economic Research, NBER Studies in Installment Finance Charging, No. 12.
  12. Osborne, M. (2014). Is APR a Robust Measure of the cost of Consumer Credit? In: Osborne M. (Ed.). Multiple Interest Rate Analysis: Theory and Applications (43-60). Palgrave Pivot, London.
  13. Parker, G. & Shay, R. (1974). Some Factors Affecting Awareness of Annual Percentage Rates in Consumer Installment Credit Transactions. Journal of Finance, 29(1), 217-225.
  14. Pournara, C. (2015). Effective Interest Rates: Making Sense or Cents? Learning and Teaching Mathematics, 18, 46-50.
  15. Poziom Wiedzy Finansowej Polaków (2023). Warszawski Instytut Bankowości i Fundacja GPW, https://www.wib.org.pl/polacy-w-swiecie-finansow-jak-oceniamy-poziom-swojej-wiedzy-finansowej/ (Accessed: 12.08.2024).
  16. Seira E., Elizondo A. & Laguna-Muggenburg E. (2017). Are Information Disclosures Effective? Evidence from the Credit Card Market. American Economic Journal: Economic Policy, 9(1), 277-307.
  17. Shay, R. & Schober, M. (1972). Consumer Awareness of Annual Percentage Rates of Charge in Consumer Installment Credit: Before and After Truth-in-Lending Became Effective. National Commission on Consumer Finance, Report No. 1, U.S. Government Printing Office, Washington D.C.
  18. Skica, T., Mikuš, J. & Holienka, M. (2022). Financial literacy and new business entry. Financial Internet Quarterly, 18(2), 42-66.
  19. Stango, V. & Zinman, J. (2009). Exponential Growth Bias and Household Finance. The Journal of Finance, 64(6), 2807-2849.
  20. Stango, V. & Zinman, J. (2011). Fuzzy Math, Disclosure Regulation, and Market Outcomes. Evidence from Truth-in-Lending Reform. Review of Financial Studies, 24(2), 506–34.
  21. Tlustý, P., Mrkvička, T. & Šulista, M. (2015). The Annual Percentage Rate – Complexness and Ambiguity. Paper presented at the 9th International Scientific Conference INPROFORUM. Common Challenges - Different Solutions - Mutual Dialogue, České Budějovice.
  22. Vicknair, D. & Wright, J. (2015). Annual Percentage Rate and Annual Effective Rate: Resolving Confusion in Intermediate Accounting Textbooks. American Journal of Business Education, 8(3), 207-26.
  23. Wiedza Finansowa Polaków (2020). Fundacja Rozwoju Rynku Kapitałowego i Federacja Konsumentów, https://frrf.pl/wp-content/uploads/2020/10/Wiedza-Finansowa-Polakow2020.pdf (Accessed: 12.08.2024).
  24. Wiedza Finansowa Polaków w Praktyce (2024). Krajowy Rejestr Długów BIG, https://krd.pl/centrum-prasowe/raporty/2024-(1)/wiedza-finansowa-polakow-w-praktyce (Accessed: 12.08.2024).
  25. Williams, J.L. (2005). Remarks by Julie L. Williams Acting Comptroller of the Currency before ‘Women in Housing and Finance and The Exchequer Club’, Speech, Washington, DC, January 12, 2005, https://www.occ.gov/news-issuances/speeches/2005/pub-speech-2005-1.pdf (Accessed: 12.08.2024).
  26. Yard, S. (2004). Consumer loans with Fixed Monthly Payments. Information Problems and Solutions Based on Some Swedish Experiences. The International Journal of Bank Marketing, 22(1), 65-80.
  27. Życie Finansowe Młodych Polaków (2017). Stowarzyszenie Program Wsparcia Zadłużonych i BIG InfoMonitor, https://media.big.pl/informacje-prasowe/423250/big-infomonitor-mlody-polak-na-kredyt-kupi-czolg-i-polecibalonem (Accessed: 12.08.2024).
Language: English
Page range: 56 - 71
Submitted on: Aug 19, 2024
Accepted on: Oct 17, 2024
Published on: Dec 17, 2024
Published by: University of Information Technology and Management in Rzeszow
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2024 Wiktor Cwynar, published by University of Information Technology and Management in Rzeszow
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.