Abstract

http://ssrn.com/abstract=1632416
 


 



Money to Go


Todd J. Zywicki


George Mason University School of Law; PERC - Property and Environment Research Center

June, 29 2010

Regulation, Vol. 33, No. 2, p. 32, Summer 2010

Abstract:     
A number of recently developed consumer credit instruments, such as auto title loans, are receiving critical attention from policymakers who worry that these instruments represent “abusive lending.” This paper focuses on auto title loans, arguing that the seemingly high interest rates on these loans are fair in light of their default risk and the value of securing collateral, and that firms engaged in this lending do not reap windfall profits. The paper further argues that policymakers should be hesitant to restrict this form of credit, as it is valued by consumers and is often used by small businesses on a short-term basis to secure much-needed cash for operating expenses.

Number of Pages in PDF File: 6

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Date posted: June 29, 2010  

Suggested Citation

Zywicki, Todd J., Money to Go (June, 29 2010). Regulation, Vol. 33, No. 2, p. 32, Summer 2010. Available at SSRN: http://ssrn.com/abstract=1632416

Contact Information

Todd J. Zywicki (Contact Author)
George Mason University School of Law ( email )
3301 Fairfax Drive
Arlington, VA 22201
United States
703-993-8091 (Phone)
703-993-8088 (Fax)

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PERC - Property and Environment Research Center
2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

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