Patricia A. McCoy

Boston College Law School

Liberty Mutual Insurance Professor

885 Centre Street

Newton, MA 02459-1163

United States

  • Boston College Law School

SCHOLARLY PAPERS

38

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12,418

SSRN CITATIONS
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Top 9,004

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55

CROSSREF CITATIONS

117

Scholarly Papers (38)

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1.

Systemic Risk through Securitization: The Result of Deregulation and Regulatory Failure

Connecticut Law Review, Vol. 41, p. 493, May 2009
Number of pages: 49 Posted: 26 Mar 2009 Last Revised: 16 May 2012
Patricia A. McCoy, Andrey D. Pavlov and Susan M. Wachter
Boston College Law School, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 1,942 (14,834)
Citation 3

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Securitization, credit default swap, subprime, mortgage, asset bubble

2.

A Tale of Three Markets: The Law and Economics of Predatory Lending

Texas Law Review, Vol. 80, No. 6, p. 1255, 2002
Number of pages: 113 Posted: 11 Oct 2001 Last Revised: 24 Oct 2012
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 1,693 (18,320)
Citation 21

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Predatory lending, subprime mortgages, lending discrimination

3.

Turning a Blind Eye: Wall Street Finance of Predatory Lending

Fordham Law Review, Vol. 75, p. 2039, 2007
Number of pages: 65 Posted: 22 Jun 2006 Last Revised: 24 Oct 2012
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 1,462 (22,916)
Citation 1

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subprime, predatory lending, securitization, lemons problem

4.

State and Local Anti-Predatory Lending Laws: The Effect of Legal Enforcement Mechanisms

Journal of Economics and Business, Vol. 60, p. 47, 2008
Number of pages: 47 Posted: 10 Aug 2007 Last Revised: 26 Oct 2012
Raphael W. Bostic, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross and Susan M. Wachter
Federal Reserve Bank of Atlanta, Suffolk University Law School, Boston College Law School, Marquette University - Dept. of Finance and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 895 (46,407)
Citation 18

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Subprime lending, enforcement mechanisms, predatory lending, anti-predatory lending laws, mortgage lending, homeownership

5.

Regulating Entities and Activities: Complementary Approaches to Nonbank Systemic Risk

92 Southern California Law Review 1455 (2019)
Number of pages: 76 Posted: 03 Sep 2018 Last Revised: 16 Dec 2019
Jeremy C. Kress, Patricia A. McCoy and Daniel Schwarcz
University of Michigan, Stephen M. Ross School of Business, Boston College Law School and University of Minnesota Law School
Downloads 874 (47,929)
Citation 4

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Systemic Risk, Financial Stability, Financial Stability Oversight Council, Nonbank Financial Companies, Entity-Based Regulation, Activities-Based Regulation

6.

The Subprime Virus: Reckless Credit, Regulatory Failure, and Next Steps

THE SUBPRIME VIRUS: RECKLESS CREDIT, REGULATORY FAILURE, AND NEXT STEPS, Oxford University Press, 2011, Suffolk University Law School Research Paper No. 11-13
Number of pages: 32 Posted: 18 Feb 2011 Last Revised: 15 Mar 2011
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 690 (65,961)

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subprime, bank regulation, mortgage, financial crisis, predatory lending, consumer, financial reform, housing, securitization, rating agencies, investment banks, bonds, swaps, FDIC, OCC, OTS, Federal Reserve, SEC

7.

The CRA Implications of Predatory Lending

Fordham Urban Law Journal, Vol. 29, p. 1571, 2002
Number of pages: 39 Posted: 25 Jun 2002 Last Revised: 09 Jan 2013
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 401 (127,700)
Citation 7

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CRA, Community Reinvestment Act, predatory lending, subprime lending

8.

Rethinking Disclosure in a World of Risk-Based Pricing

Harvard Journal on Legislation, Vol. 44, 2007
Number of pages: 78 Posted: 21 Dec 2006
Patricia A. McCoy
Boston College Law School
Downloads 393 (130,663)
Citation 1

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subprime, predatory lending, risk-based pricing, disclosures, Truth in Lending Act

9.

Mortgage Product Substitution and State Anti-Predatory Lending Laws: Better Loans and Better Borrowers?

Atlantic Economic Journal, Vol. 40, p. 273, 2012, U of Penn, Inst for Law & Econ Research Paper No. 09-27, Suffolk University Law School Research Paper No. 09-44
Number of pages: 51 Posted: 26 Aug 2009 Last Revised: 24 Oct 2012
Raphael W. Bostic, Souphala Chomsisengphet, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross and Susan M. Wachter
Federal Reserve Bank of Atlanta, Government of the United States of America - Office of the Comptroller of the Currency (OCC), Suffolk University Law School, Boston College Law School, Marquette University - Dept. of Finance and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 341 (152,728)
Citation 14

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Real estate, mortgages, housing, abusive lending, predatory lending, mortgage products, product substitution, adjustment to prohibition

10.

Predatory Lending and Community Development at Loggerheads

FINANCING LOW INCOME COMMUNITIES: MODELS, OBSTACLES, AND FUTURE DIRECTIONS, Russell Sage, 2007, Cleveland-Marshall Legal Studies Paper No. 05-105
Number of pages: 47 Posted: 21 Mar 2005 Last Revised: 25 Oct 2012
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 286 (183,934)

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predatory lending, community development, Community Reinvestment Act

11.

The Legal Infrastructure of Subprime and Nontraditional Home Mortgages

BORROWING TO LIVE: CONSUMER AND MORTGAGE CREDIT REVISITED, Nicolas P. Retsinas, Eric S. Belsky, eds., Joint Center for Housing Studies, Harvard University, James A. Johnson Metro Series, Brookings Institution Press, November 2008
Number of pages: 59 Posted: 14 Sep 2009
Patricia A. McCoy and Elizabeth Renuart
Boston College Law School and National Consumer Law Center
Downloads 285 (184,591)
Citation 8

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mortgage, subprime, nontraditional mortgage, preemption, consumer credit, servicing, banking regulators, adjustable-rate mortgage

12.

Representations and Warranties: Why They Did Not Stop the Crisis

Evidence and Innovation in Housing Law and Policy (L. Fennell & B. Keys, eds., Cambridge University Press, 2017 Forthcoming), Boston College Law School Legal Studies Research Paper No. 402
Number of pages: 46 Posted: 02 Jun 2016 Last Revised: 08 Jul 2016
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 258 (204,083)
Citation 2

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Representations and warranties; put-back claims; buyback claims; repurchase claims; access to credit; procyclicality

13.

Federal Preemption and Consumer Financial Protection: Past and Future

Banking & Financial Services Policy Report, Vol. 3, p. 25, March, 2012 , Suffolk University Law School Research Paper No. 12-51
Number of pages: 20 Posted: 14 Nov 2012
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 202 (257,638)
Citation 1

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14.

Barriers to Foreclosure Prevention During the Financial Crisis

55 Arizona Law Review 723 (2013)
Number of pages: 51 Posted: 22 Apr 2013 Last Revised: 08 Jul 2016
Patricia A. McCoy
Boston College Law School
Downloads 201 (258,764)

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loan modification, loss mitigation, foreclosure prevention, foreclosure, delinquent loans

15.

The Home Mortgage Foreclosure Crisis: Lessons Learned

Homeownership Built to Law: Balancing Access, Affordability, and Risk After the Housing Crisis (Eric S. Belsky, Christopher E. Herbert, & Jennifer H. Molinsky, eds., Brookings Institution Press, 2014)
Number of pages: 47 Posted: 22 Apr 2013 Last Revised: 08 Jul 2016
Patricia A. McCoy
Boston College Law School
Downloads 184 (279,966)
Citation 3

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foreclosure, loan modification, loss mitigation, foreclosure prevention, delinquent loans

16.

Activities Are Not Enough!: Why Nonbank SIFI Designations Are Essential to Prevent Systemic Risk

Forthcoming, Systemic Risk in the Financial Sector: Ten Years After the Great Crash (Douglas W. Arner, Emilios Avgouleas, Danny Busch, & Steven L. Schwarcz, eds., 2019), Boston College Law School Legal Studies Research Paper No. 492
Number of pages: 19 Posted: 25 Oct 2018 Last Revised: 15 Nov 2018
Jeremy C. Kress, Patricia A. McCoy and Daniel Schwarcz
University of Michigan, Stephen M. Ross School of Business, Boston College Law School and University of Minnesota Law School
Downloads 182 (282,728)

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Systemic Risk, Financial Stability, Financial Stability Oversight Council, Financial Stability Board, Nonbank Financial Companies, Entity-Based Regulation, Activities-Based Regulation

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consumer protection, subprime, regulatory failure, bank regulation

18.

The Consumer Financial Protection Bureau: Financial Regulation for the Twenty-First Century

Cornell Law Review, Vol. 97, No. 5, 2012
Number of pages: 37 Posted: 16 Jul 2016
Len Kennedy, Patricia A. McCoy and Ethan Bernstein
Independent, Boston College Law School and Harvard Business School - Organizational Behavior
Downloads 166 (306,126)
Citation 2

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Consumer Financial Protection Bureau, consumer financial protection, evidence-based regulation

19.

The Faulty Foundation of the Draft Restatement of Consumer Contracts

36 Yale Journal on Regulation 447 (2019), Loyola Law School, Los Angeles Legal Studies Research Paper No. 2019-03, California Western School of Law Research Paper No. 19-3
Number of pages: 24 Posted: 08 Feb 2019
Adam J. Levitin, Nancy S. Kim, Christina L. Kunz, Peter Linzer, Patricia A. McCoy, Juliet M. Moringiello, Elizabeth Renuart and Lauren E. Willis
Georgetown University Law Center, Chicago-Kent College of Law - Illinois Institute of Technology, Mitchell Hamline School of Law, University of Houston Law Center, Boston College Law School, Widener University - Commonwealth Law School, National Consumer Law Center and Loyola Law School Los Angeles
Downloads 145 (342,582)
Citation 1

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20.

Inside Job: The Assault on the Structure of the Consumer Financial Protection Bureau

103 Minnesota Law Review 2543
Number of pages: 73 Posted: 10 Dec 2018 Last Revised: 23 Sep 2019
Patricia A. McCoy
Boston College Law School
Downloads 136 (360,261)

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Consumer Financial Protection Bureau, consumer financial protection

21.

The Performance of New Private-Label Mortgage Loan Modifications after 2009

Number of pages: 54 Posted: 06 Jul 2012
Arthur Acolin, Ren S. Essene, Min Hwang, Jacob Liebschutz, Patricia A. McCoy, Jessica Russell and Susan M. Wachter
University of Washington - College of Built Environments, Independent, George Washington University - Department of Finance, Harvard University - Harvard Kennedy School (HKS), Boston College Law School, Independent and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 134 (364,306)
Citation 1

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mortgage, loan modification

22.

Systemic Risk Oversight and the Shifting Balance of State and Federal Authority Over Insurance

5 U.C. Irvine Law Review 1389-1441 (2015), Boston College Law School Legal Studies Research Paper No. 349
Number of pages: 55 Posted: 12 Jan 2015 Last Revised: 08 Jul 2016
Patricia A. McCoy
Boston College Law School
Downloads 118 (400,778)

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systemic risk, insurance regulation, solvency regulation, state-based regulation

23.

Evolving Approaches to Systemic Risk Regulation in Insurance

Forthcoming, Research Handbook on International Insurance Law & Regulation (2nd edition) (Julian Burling & Kevin Lazarus, eds., 2022), Boston College Law School Legal Studies Research Paper No. 582
Number of pages: 26 Posted: 06 Apr 2022 Last Revised: 13 Apr 2022
Jeremy C. Kress, Patricia A. McCoy and Daniel Schwarcz
University of Michigan, Stephen M. Ross School of Business, Boston College Law School and University of Minnesota Law School
Downloads 116 (405,784)

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Insurance, Systemic Risk, Financial Stability, Financial Stability Board, Financial Stability Oversight Council, Nonbank Financial Companies, Entity-Based Regulation, Activities-Based Regulation

24.

Why Cyclicality Matters to Access to Mortgage Credit

Boston College Journal of Law and Social Justice, Vol. XVII, Forthcoming, Boston College Law School Legal Studies Research Paper No. 440
Number of pages: 43 Posted: 04 Jan 2017 Last Revised: 10 Mar 2017
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 113 (413,683)

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Countercyclical Regulation, Housing Bubbles, Credit Bubbles, Access to Mortgage Credit

25.

Brief of Amici Curiae Consumer Financial Regulation Scholars in Support of Plaintiff-Appellant Leandra English, English v. Trump, No. 18-5007 (D.C. Cir.)

Number of pages: 46 Posted: 12 Feb 2018
Adam J. Levitin, Patricia A. McCoy, Kathleen C. Engel and Dalié Jiménez
Georgetown University Law Center, Boston College Law School, Suffolk University Law School and University of California, Irvine School of Law
Downloads 112 (416,388)

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Consumer Financial Protection Bureau, succession, agency independence

26.

From Credit Denial to Predatory Lending: The Challenge of Sustaining Minority Homeownership

SEGREGATION: THE RISING COSTS FOR AMERICA (James H. Carr & Nandinee Kutty, eds., Routledge, 2008)
Number of pages: 44 Posted: 05 Sep 2007 Last Revised: 23 Aug 2016
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 102 (448,323)
Citation 1

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homeownership sustainability, lending discrimination, subprime, predatory lending

27.

Countercyclical Regulation and Its Challenges

47 Arizona State Law Journal 1181 (2015), Boston College Law School Legal Studies Research Paper No. 351
Number of pages: 57 Posted: 23 Feb 2015 Last Revised: 08 Jul 2016
Patricia A. McCoy
Boston College Law School
Downloads 100 (451,376)
Citation 4

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macroprudential regulation, systemic risk, countercyclical regulation, financial crisis

28.

Knightian Uncertainty, Systemic Risk Regulation, and the Limits of Judicial Review

Number of pages: 43 Posted: 03 Apr 2017
Patricia A. McCoy
Boston College Law School
Downloads 94 (470,004)

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systemic risk, systemically risky, SIFI, financial contagion

29.

Why the Ability-to-Repay Rule is Vital to Financial Stability

Boston College Law School Legal Studies Research Paper No. 510, Georgetown Law Journal, Vol. 108, No. 3, p. 649, March 2020
Number of pages: 66 Posted: 05 Sep 2019 Last Revised: 10 Jun 2020
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 87 (493,311)

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financial stability, systemic risk, housing bubbles, ability-to-repay rule, mortgages, Dodd-Frank Act, sectoral tools

30.

The Macroprudential Implications of the Qualified Mortgage Debate

83 Journal of Law and Contemporary Problems 21 (2020)
Number of pages: 27 Posted: 23 Sep 2019 Last Revised: 17 Mar 2020
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 78 (526,822)

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housing bubble, systemic risk, qualified mortgage, access to credit

31.

Has the Mortgage Pendulum Swung Too Far? Reviving Access to Mortgage Credit

Number of pages: 30 Posted: 08 Mar 2017
Patricia A. McCoy
Boston College Law School
Downloads 76 (534,788)
Citation 1

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Access to credit, mortgage, wealth inequality, wealth-building

32.

Coalescence in the Housing Finance Reform Debate?

6 Penn Wharton Public Policy Initiative Issue Brief No. 4, June 2016
Number of pages: 8 Posted: 14 Jul 2016 Last Revised: 02 Aug 2016
Susan M. Wachter and Patricia A. McCoy
University of Pennsylvania - Wharton School, Department of Real Estate and Boston College Law School
Downloads 75 (538,842)

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Housing finance reform, Government Sponsored Entities

33.

Keeping Tabs on Financial Innovation: Product Identifiers in Consumer Financial Regulation

18 North Carolina Banking Institute Journal 195 (Special Ed. 2013)
Number of pages: 36 Posted: 31 Aug 2013 Last Revised: 08 Jul 2016
Daniel Carpenter and Patricia A. McCoy
Harvard University and Boston College Law School
Downloads 73 (547,011)

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Financial innovation, product identifiers, numeraire typology

34.

Degrees of Intermediation

50 Wake Forest Law Review 551 (2015)
Number of pages: 28 Posted: 08 Jun 2015 Last Revised: 08 Feb 2016
Patricia A. McCoy
Boston College Law School
Downloads 63 (591,141)

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Financial intermediation, disintermediation, retirement, pensions, annuities

35.

The Impact of State Antipredatory Lending Laws: Policy Implications and Insights

BORROWING TO LIVE: CONSUMER AND MORTGAGE CREDIT REVISITED, Joint Center for Housing Studies, Harvard University and Brookings Institution Press, 2008, 3rd Annual Conference on Empirical Legal Studies Papers
Number of pages: 41 Posted: 03 Apr 2008 Last Revised: 25 Oct 2012
Raphael W. Bostic, Patricia A. McCoy, Anthony Pennington-Cross, Susan M. Wachter and Kathleen C. Engel
Federal Reserve Bank of Atlanta, Boston College Law School, Marquette University - Dept. of Finance, University of Pennsylvania - Wharton School, Department of Real Estate and Suffolk University Law School
Downloads 54 (636,975)
Citation 1

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subprime, lending regulations, mortgages, predatory lending

36.

Comment on the Request for Information on Rulemaking Processes by the Consumer Financial Protection Bureau, CFPB Docket No. CFPB-2018-0009

Number of pages: 33 Posted: 11 Oct 2018
Patricia A. McCoy
Boston College Law School
Downloads 44 (695,399)
Citation 17

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Consumer Financial Protection Bureau, Rule-Making, Cost-Benefit Analysis

37.

The Home Mortgage Disclosure Act: A Synopsis and Recent Legislative History

Journal of Real Estate Research, Vol. 29, No. 4, 2007
Number of pages: 18 Posted: 14 Nov 2007 Last Revised: 23 Aug 2016
Patricia A. McCoy
Boston College Law School
Downloads 42 (708,218)

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Home Mortgage Disclosure Act, HMDA, mortgage lending, home loans

38.

Realigning Auditors' Incentives

Connecticut Law Review, Vol. 5, p. 989, Spring 2003
Number of pages: 25 Posted: 01 Nov 2005 Last Revised: 14 Jul 2016
Patricia A. McCoy
Boston College Law School
Downloads 30 (795,586)

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auditor, accounting scandals