Regulating for the First Time the Decision to Grant Consumer Credit: A Look at the First Steps Taken by the United States and Australia

41 Pages Posted: 12 Dec 2015 Last revised: 26 Mar 2016

Jeffrey Davis

University of Florida - Levin College of Law

Date Written: 2015

Abstract

In this Article, I discuss the changes in three consumer-credit realms. First, I compare the Australian regime applicable to all forms of consumer credit granting, including mortgage lending, to the American regulation of the consumer mortgage-granting decision. Second, I compare the Australian and American approaches to the decision to authorize use of, or increase the credit limit on, individual credit cards. Third, I compare the two approaches to regulating small short-term loans, usually called payday loans. Finally, I compare the enforcement regimes of both countries — perhaps the key to it all.

Suggested Citation

Davis, Jeffrey, Regulating for the First Time the Decision to Grant Consumer Credit: A Look at the First Steps Taken by the United States and Australia (2015). 26 U. Fla. J.L. & Pub. Pol'y 131 (2015); University of Florida Levin College of Law Research Paper No. 16-9. Available at SSRN: https://ssrn.com/abstract=2702132

Jeffrey Davis (Contact Author)

University of Florida - Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States

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