Regulation, Competition and Risk in the Market for Credit Cards

Barry Scholnick

Canadian Public Policy, 2000, vol. 26, issue 2, 171-181

Abstract: Contrasting proposals have recently emerged concerning the need to regulate the Canadian credit card market. The National Liberal Caucus Task Force on Financial Services recommended that interest-rate ceilings be imposed on credit cards in Canada, while the MacKay Commission on Financial Services described the credit card industry as being subject to increased competition, and did not recommend any such regulations. Based on evidence provided here on card providers, card consumers, and the changing nature of the credit card market, it is argued that ceilings are not the appropriate regulatory response.

Date: 2000
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