Arbeitspapier
Who pays the price? Overdraft fee ceilings and the unbanked
Nearly 25 percent of low-income households in the United States are unbanked. High fees are often cited as a reason they remain unbanked, leading some to believe that limiting bank fees would improve financial inclusion. We use the federal preemption of state limits on overdraft fees to study the impact of fee ceilings on low-income households. After preemption, national banks raise overdraft fees relative to state-chartered banks in affected states. However, banks in affected states also provide more overdraft credit and bounce a smaller share of checks following preemption. The share of low-income households that are unbanked decreases, consistent with price ceilings causing the rationing of both overdraft and banking services.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 973
- Klassifikation
-
Wirtschaft
Interest Rates: Determination, Term Structure, and Effects
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Corporate Finance and Governance: Government Policy and Regulation
- Thema
-
banks
credit
overdraft
unbanked
inclusion
checks
price ceilings
usury
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dlugosz, Jennifer L.
Melzer, Brian T.
Morgan, Donald P.
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dlugosz, Jennifer L.
- Melzer, Brian T.
- Morgan, Donald P.
- Federal Reserve Bank of New York
Entstanden
- 2021
Ähnliche Objekte (12)
Who pays the taxes?
Designing the ESM—Who Profits, Who Pays?
Who pays?
Who gains and who loses from the 2011 debit card interchange fee reform?
GPs' preferences: What price fee-for-service?
Who pays the price? : the production and marketing of coffee and cocoa in Sierra Leone under structural adjustment
Who pays for performance?
Who pays for obesity?
Who pays the greenium and why? : a decomposition
Who Pays for Higher Carbon Prices? Illustration for Lithuania and a Research Agenda
Shocks and the Organization of the Firm: Who Pays the Bill?
If Nothing is Achieved: Who Pays for the Brexit?
Who pays the taxes?
Designing the ESM—Who Profits, Who Pays?
Who pays?
Who gains and who loses from the 2011 debit card interchange fee reform?
GPs' preferences: What price fee-for-service?
Who pays the price? : the production and marketing of coffee and cocoa in Sierra Leone under structural adjustment
Who pays for performance?
Who pays for obesity?
Who pays the greenium and why? : a decomposition
Who Pays for Higher Carbon Prices? Illustration for Lithuania and a Research Agenda
Shocks and the Organization of the Firm: Who Pays the Bill?
If Nothing is Achieved: Who Pays for the Brexit?
Who pays the taxes?
Designing the ESM—Who Profits, Who Pays?
Who pays?
Who gains and who loses from the 2011 debit card interchange fee reform?
GPs' preferences: What price fee-for-service?
Who pays the price? : the production and marketing of coffee and cocoa in Sierra Leone under structural adjustment
Who pays for performance?
Who pays for obesity?
Who pays the greenium and why? : a decomposition
Who Pays for Higher Carbon Prices? Illustration for Lithuania and a Research Agenda
Shocks and the Organization of the Firm: Who Pays the Bill?