Search Results - subject:"Predatory Lending"

Predatory lending and the subprime crisis

Agarwal, Sumit; Ben-David, Itzhak; Chomsisengphet, Souphala - In: Journal of financial economics 113 (2014) 1, pp. 29-52

Persistent link: https://www.econbiz.de/10010421833

Payday loans and consumer financial health

Bhutta, Neil - In: Journal of banking & finance 47 (2014), pp. 230-242

Persistent link: https://www.econbiz.de/10010506489

Payday loans and consumer financial health

Bhutta, Neil - In: Journal of Banking & Finance 47 (2014) C, pp. 230-242

The annualized interest rate for a payday loan often exceeds 10 times that of a typical credit card, yet this market grew immensely in the 1990s and 2000s, elevating concerns about the risk payday loans pose to consumers and whether payday lenders target minority neighborhoods. This paper...

Persistent link: https://www.econbiz.de/10010931654

Does mortgage deregulation increase foreclosures? Evidence from Cleveland

Xu, Yilan - In: Regional Science and Urban Economics 46 (2014) C, pp. 126-139

This paper examines how relaxing a local anti-predatory lending law for mortgages affects foreclosures. The empirical …

Persistent link: https://www.econbiz.de/10010785293

Predatory lending and the subprime crisis

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - In: Journal of Financial Economics 113 (2014) 1, pp. 29-52

predatory lending was a key element in fueling the subprime crisis. Under the program, risky borrowers or risky mortgage … the share of subprime borrowers. Our results suggest that predatory lending practices contributed to high mortgage default …

Persistent link: https://www.econbiz.de/10010776501

State and Local Anti-Predatory Lending Laws: The Effect of Legal Enforcement Mechanisms

Bostic, Raphael W; Engel, Kathleen C; McCoy, Patricia A; … - 2007

Subprime mortgage lending has grown rapidly in recent years and with it, so have concerns about predatory lending. In … response to evidence of predatory lending, most states have enacted new laws or expanded existing laws to address abuses in the … context. The results of the analysis are consistent with the view that anti-predatory lending laws influence subprime lending …

Persistent link: https://www.econbiz.de/10009484540

Only Twice As Much: A Rule for Regulating Lenders

Oak, Mandar; Swamy, Anand - Economics Department, Williams College - 2007

Present-day policies aiming to improve the performance of credit markets, such as group-lending or creation of collateral, typically aim to change incentives for borrowers. In contrast, pre-modern credit market interventions, such as usury laws, often targeted the behavior of lenders. We...

Persistent link: https://www.econbiz.de/10008544271

Only Twice As Much: A Rule for Regulating Lenders

Oak, Mandar; Swamy, Anand - Center for Development Economics, Williams College - 2007

Persistent link: https://www.econbiz.de/10008852782

Defining and detecting predatory lending

Morgan, Donald P. - Federal Reserve Bank of New York - 2007

We define predatory lending as a welfare-reducing provision of credit. Using a textbook model, we show that lenders …

Persistent link: https://www.econbiz.de/10005726611

Community development credit unions : securing and protecting assets in black communities

Gordon Nembhard, Jessica - In: The review of black political economy 40 (2013) 4, pp. 449-457

Persistent link: https://www.econbiz.de/10010345371