Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Consumer protection (2)
- App-based trading platforms (1)
- Banking (1)
- Banking and Finance (1)
- Banks (1)
-
- CARD Act (1)
- Commercial Law (1)
- Consumer Financial Protection Bureau (1)
- Consumer Protection Law (1)
- Consumer costs (1)
- Consumer financial regulation (1)
- Consumer payments (1)
- Cross-subsidization (1)
- Durbin Amendment (1)
- Empiracle study (1)
- Finance (1)
- Financial literacy (1)
- Fintech (1)
- GameStop (1)
- Great Recession (1)
- Law & economics (1)
- Meme stocks (1)
- Non-salient prices (1)
- Payment networks (1)
- Poverty Law (1)
- Price regulation (1)
- Regulatory intervention (1)
- Retail investing (1)
- Salience (1)
- Securities law & regulation (1)
Articles 1 - 4 of 4
Full-Text Articles in Consumer Protection Law
Gamestop And The Reemergence Of The Retail Investor, Jill E. Fisch
Gamestop And The Reemergence Of The Retail Investor, Jill E. Fisch
All Faculty Scholarship
The GameStop trading frenzy in January 2021 was perhaps the highest profile example of the reemergence of capital market participation by retail investors, a marked shift from the growing domination of those markets by large institutional investors. Some commentators have greeted retail investing, which has been fueled by app-based brokerage accounts and social media, with alarm and called for regulatory reform. The goals of such reforms are twofold. First, critics argue that retail investors need greater protection from the risks of investing in the stock market. Second, they argue that the stock market, in term, needs protection from retail investors. …
Making Consumer Finance Work, Natasha Sarin
Making Consumer Finance Work, Natasha Sarin
All Faculty Scholarship
The financial crisis exposed major faultlines in banking and financial markets more broadly. Policymakers responded with far-reaching regulation that created a new agency—the CFPB—and changed the structure and function of these markets.
Consumer advocates cheered reforms as welfare-enhancing, while the financial sector declared that consumers would be harmed by interventions. With a decade of data now available, this Article presents the first empirical examination of the successes and failures of the consumer finance reform agenda. Specifically, I marshal data from every zip code and bank in the United States to test the efficacy of three of the most significant post-crisis …
The Salience Theory Of Consumer Financial Regulation, Natasha Sarin
The Salience Theory Of Consumer Financial Regulation, Natasha Sarin
All Faculty Scholarship
Prior to the financial crisis, banks’ fee income was their fastest-growing source of revenue. This revenue was often generated through nefarious bank practices (e.g., ordering overdraft transactions for maximal fees). The crisis focused popular attention on the extent to which current regulatory tools failed consumers in these markets, and policymakers responded: A new Consumer Financial Protection Bureau was tasked with monitoring consumer finance products, and some of the earliest post-crisis financial reforms sought to lower consumer costs. This Article is the first to empirically evaluate the success of the consumer finance reform agenda by considering three recent price regulations: a …
Of Predatory Lending And The Democratization Of Credit: Preserving The Social Safety Net Of Informality In Small-Loan Transactions, Regina Austin
Of Predatory Lending And The Democratization Of Credit: Preserving The Social Safety Net Of Informality In Small-Loan Transactions, Regina Austin
All Faculty Scholarship
No abstract provided.