This paper finds that stricter laws regulating third-party debt collection reduce the number of third-party debt collectors, lower the recovery rates on delinquent credit card loans, and lead to a modest decrease in the openings of new revolving lines of credit. Further, stricter third-party...

The Consumer Bankruptcy Fee Study's discovery of the magnitude of the increase of cost of system access caused by BAPCPA begs the further question of the consequences of the more expensive and elaborate system. In an environment of finite assets, who, if anyone, benefited from, was harmed or...