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

Georgetown Public Law Research Paper No. 1492471

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

7 Pages Posted: 21 Oct 2009 Last revised: 11 Dec 2009

Adam J. Levitin

Georgetown University Law Center

Date Written: October 22, 2009

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.

Keywords: Consumer Financial Protection Agency, consumer credit

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: https://ssrn.com/abstract=1492471 or http://dx.doi.org/10.2139/ssrn.1492471

Adam J. Levitin (Contact Author)

Georgetown University Law Center ( email )

600 New Jersey Avenue, NW
Washington, DC 20001
United States

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