A Critique of Evans and Wright’s Study of the Consumer Financial Protection Agency Act
Georgetown Business, Economics and Regulatory Policy Working Paper No. 1492471
7 Pages Posted: 21 Oct 2009 Last revised: 11 Dec 2009
Date Written: October 22, 2009
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.
Keywords: Consumer Financial Protection Agency, consumer credit
Suggested Citation: Suggested Citation