This Response discusses Eric J. Chang's article, www.PayDayLoans.gov: A Solution for Restoring Price-Competition to Short-Term Credit Loans. It offers some evidence from recent empirical research to suggest that the federally operated online exchange that Chang proposes for payday lending...

This study assesses whether the implementation of Regulation Fair Disclosure (Reg FD) has affected the quantity and quality of information in credit markets. We find that, after Reg FD, borrowing from new lenders was associated with a higher loan spread and this result remains robust after we...

The nexus between corporate disclosure and credit market development as well as whether the nexus is sensitive to the income classification of countries is not well delineated in the empirical literature. The objective of this paper is to interrogate these issues. In addressing these important...