Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Consumers (3)
- Bankruptcy (2)
- Canada (2)
- Law reform (2)
- Regulation (2)
-
- Asset seizures (1)
- Bankruptcy Abuse Prevention and Consumer Protection Act (1)
- Banks (1)
- Behavior (1)
- Behavioral economics (1)
- Borrowers (1)
- Consumer credit (1)
- Consumer welfare (1)
- Credit (1)
- Debt (1)
- Debt relief (1)
- Dodd-Frank Act (1)
- Enforcement (1)
- Financial institutions (1)
- Financial literacy (1)
- France (1)
- Germany (1)
- Home Ownership Equity Protection Act (1)
- Insolvency (1)
- Lenders (1)
- Loans (1)
- Market economies (1)
- Mortgages (1)
- Overindebtedness (1)
- Payment plans (1)
- Publication Type
Articles 1 - 4 of 4
Full-Text Articles in Comparative and Foreign Law
Ability To Pay, John A. E. Pottow
Ability To Pay, John A. E. Pottow
Articles
The landmark Dodd-Frank Act of 2010 ("Dodd-Frank") transforms the regulation of consumer credit in the United States. Many of its changes have been high-profile, attracting considerable media and scholarly attention, most notably the establishment of the Consumer Financial Protection Bureau ("CFPB"). Even specific consumer reforms, such as a so-called "plain vanilla" proposal, drew hot debate and lobbying firepower. But when the dust settled, one profoundly transformative innovation that did not garner the same outrage as plain vanilla or the CFPB did get into the law: imposing upon lenders a duty to assure a borrower's ability to repay. Ensuring a borrower's …
Financial Literacy Or Financial Castigation?, John A. E. Pottow
Financial Literacy Or Financial Castigation?, John A. E. Pottow
Articles
This year, the Canadians- through their government-convened Task Force on Financial Literacy - have proudly produced, "Canadians and their Money: Building a Brighter Financial Future." Armed with 30 recommendations, its most dramatic innovation is to recommend the creation of a Financial Literacy Leader. I have been asked to provide an American perspective on this report specifically and the broader agenda of "financial literacy" more generally as a consumer welfare intervention. Let me start by acknowledging the critiques of the Canadian Task Force. For example, my Canadian colleague, Saul Schwartz, has already drafted a compelling analysis of the political economy behind …
La Responsabilisation De L'Economie: What The United States Can Learn From The New French Law On Consumer Overindebtedness, Jason J. Kilborn
La Responsabilisation De L'Economie: What The United States Can Learn From The New French Law On Consumer Overindebtedness, Jason J. Kilborn
Michigan Journal of International Law
This Article on the French law continues a study of European consumer debt-relief systems, which the author began previously in an article on the German system. With rapid legal and practical developments in consumer debt-relief law, Europe provides an excellent comparative legal laboratory for observing the potential benefits and pitfalls of consumer bankruptcy reforms. In particular, French and German experiences with long-term payment plans shed useful light on the great debate raging in the United States over similar plans.
Empowering The Russian Consumer In A Market Economy, James P. Nehf
Empowering The Russian Consumer In A Market Economy, James P. Nehf
Michigan Journal of International Law
One purpose of this article is to examine how the legislative product of a declining socialist state will benefit Russian consumers during the unusual circumstances characterizing the period of market transformation. A second purpose is to familiarize Western consumerists with the decidedly pro-consumer features of the Russian law. Part I analyzes the consumer law's provisions that elevate the legal status of consumers when they purchase goods and services. Part II examines the legislation from a different perspective - as a set of legal norms affecting the operation of consumer markets generally. Part III discusses the enforcement mechanisms established in the …