We analyze the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act
(Dodd-Frank) on corporate bond ratings issued by credit rating agencies (CRAs). We find no …

Central to the field of consumer finance is that consumers make financial decisions that do
not always coincide with the financial decisions ideally depicted in optimal economic …

We measure the effect of a 2006 antipredatory pilot program in Chicago on mortgage default
rates to test whether predatory lending was a key element in fueling the subprime crisis …

In the wake of the recent housing and financial crisis, many have argued that consumers are
defaulting on their mortgage for strategic reasons, either because they are “underwater” or to …

We explore the effects of mandatory third-party review of mortgage contracts on the terms,
availability, and performance of mortgage credit. Our study is based on a legislative …

We exploit the preemption of national banks from state laws against predatory lending by the
Office of the Comptroller of the Currency (OCC) as a quasi-experiment to study the effect of …

In 2004, the Office of the Comptroller of the Currency (OCC) adopted a preemption rule that
clarified and codified the preemption standards applicable to national banks. This study …

State antipredatory lending laws (APL s) are designed to protect borrowers against
predatory lending that can increase the risk of default and deplete the home equity held by …

Passed in the aftermath of the Great Recession of 2008-2009, the Dodd-Frank Wall Street
Reform and Consumer Protection Act'(" Dodd-Frank") was based on a set of beliefs about …

We explore the effects of mandatory third-party review of mortgage contracts on consumer
choice—including the terms and demand for mortgage credit. Our study is based on a …