This Article analyzes empirical data on one of America's fastest growing credit products, the title loan. A title loan …. While legislatures around the nation struggle with how to regulate home loans, credit cards, and other middle class products … well as on repossession rates. It concludes that, given the protections we have provided to middle class consumer credit …

as their longer terms, larger amounts, and multiple payments), the longer time to fund and the required minimum credit …

affect the decisions of lenders and low-income borrowers. Using data derived from direct mailings of credit offers, survey …-reported usage of high-cost alternative credit products, and debt recorded in credit reports, we find that higher minimum wages … increase the supply of unsecured credit to lower-income adults, who in turn, use more traditional credit and less high …

While theory predicts different effects of household credit and enterprise credit on the economy, the empirical … the different effects of these two components on real sector outcomes. We find that: 1) enterprise credit raises economic … growth whereas household credit has no effect; 2) enterprise credit reduces income inequality whereas household credit has no …

This paper investigates the impact of uncertainty on consumer credit outcomes. We develop a local measure of economic … uncertainty capturing county-level labor market shocks. We then exploit microeconomic data on mortgages and credit-card balances … absent and the cost of mortgage credit declines, suggesting that lenders reallocate credit towards safer borrowers when …

transmission of credit supply shock in a two-sector New Keynesian model with a collateral constraints. In the vector autoregression … (VAR) analysis, durable goods and nondurable goods comove in response to a credit supply shock. However, in a two … increase in response to a negative credit supply shock(LTV ratio tightening). Therefore, the comovement problem in two …

How does gaining access to expensive credit affect the well-being of credit-constrained households? I use plausibly …