Understanding the True Costs Behind Credit Card Lending
Wharton Finance Professor examines why credit card interest rates remain elevated and the factors driving these persistent costs.
This Week in Business · Wharton Podcast Network
December 10, 202511m 7s
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Show Notes
Itamar Drechsler, Wharton School Professor of Finance and Co-Director of the Rodney L. White Center for Financial Research, explains the economic forces behind high credit card interest rates, highlighting the roles of defaults, operating costs, marketing expenditures, and market power in shaping what consumers ultimately pay.
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