A Critique of Evans and Wright’s Study of the Consumer Financial Protection Agency Act

Levitin, Adam

doi:10.2139/ssrn.1492471

Abstract

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A Critique of Evans and Wright’s Study of the Consumer Financial Protection Agency Act

Adam J. Levitin

Georgetown University Law Center

October 22, 2009

Georgetown Public Law Research Paper No. 1492471
Georgetown Business, Economics and Regulatory Policy Working Paper No. 1492471

Abstract:
Fictitious scare statistics have featured prominently in recent debates over consumer credit policy. The latest example is David Evans and Joshua Wright’s statistical claims about the impact of the Consumer Financial Protection Agency Act on the cost and availability of consumer credit and economic growth. This brief critique shows that the claims in Evans and Wright's study - funded by the American Bankers Association - are either based on exceptionally flawed methodology or on wholesale conjecture.

Number of Pages in PDF File: 7

Keywords: Consumer Financial Protection Agency, consumer credit

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Date posted: October 21, 2009 ; Last revised: December 11, 2009

Suggested Citation

Levitin, Adam J., A Critique of Evans and Wright’s Study of the Consumer Financial Protection Agency Act (October 22, 2009). Georgetown Public Law Research Paper No. 1492471. Available at SSRN: http://ssrn.com/abstract=1492471 or http://dx.doi.org/10.2139/ssrn.1492471

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Adam J. Levitin (Contact Author)

Georgetown University Law Center ( email )

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