Now showing items 1-6 of 6
Consumer Litigation Funding
(Law and Contemporary Problems, 2017)
This article provides a side-by-side comparison of payday lending and consumer litigation funding in order to aid policymakers. Funding has similarities with payday lending because they are both alternative financial ...
Payday Loans and Credit Cards
(American Economic Review: Papers and Proceedings, 2009)
Using a unique dataset matched at the individual level from two administrative sources, we examine household choices between liabilities and assess the informational content of prime and subprime credit scores in the ...
Dude, Where's My Car Title?
(University of Illinois Law Review, 2014)
Millions of credit-constrained borrowers turn to title loans to meet their liquidity needs. Legislatures and regulators have debated how to best regulate these transactions, but surprisingly, we still know very little about ...
Information Asymmetries in Consumer Credit Markets
(American Economic Journal: Applied Economics, 2013)
This paper tests for incentive and selection effects in a subprime consumer credit market. We estimate the incentive effect of loan size on default using sharp discontinuities in loan eligibility rules. This allows us to ...
Regulation of Payday Loans
(Washington & Lee Law Review, 2012)
Since payday lenders came on the scene in 1990s, regulation of their ')redatory" practices has been swift and often severe. Fourteen states now ban payday loans outright. From an economist's perspective, high-interest, ...
Pawnshops, Behavioral Economics, and Self-Regulation
(Review of Banking & Financial Law, 2012)
Pawnbroking is the oldest source of credit. There is growing public interest in day-to-day pawnbroking operations, as evidenced by the popularity of reality shows such as “Pawn Stars” and “Hardcore Pawn.” Television viewers’ ...