by Christian Whittle | Mar 19, 2018 | Mercatus Center Publications
Are credit cards going away in five years in favor of new payment technologies or new ways to transfer funds? Not likely. For most Americans, plastic credit cards are an example of “low tech, good tech.” Read more at Mercatus.org
by Christian Whittle | Nov 20, 2017 | Mercatus Center Publications
After discussing the history of consumer credit in the United States, the current state of regulatory affairs surrounding consumer credit, and the future of consumer credit products with all of the participants, I began to wonder how this information might apply to...
by Christian Whittle | Oct 23, 2017 | Mercatus Center Publications
The Consumer Financial Protection Bureau (CFPB) released a new rule focusing on alleged “debt traps” caused by payday loans. It is hard to know exactly what is in this 1,590-page rule, but it includes a “Full Payment Test” requiring lenders to “determine whether the...
by Christian Whittle | Oct 12, 2017 | Mercatus Center Publications
Many Americans today live paycheck to paycheck and use credit to pay unexpected bills or to cover normal bills in the event of an unplanned income disruption. The availability of consumer credit is limited and shaped through ongoing legislative and regulatory action....
by Christian Whittle | Dec 14, 2016 | Mercatus Center Publications
The financial system is a critical engine that keeps the economy vibrant. Serving consumers faced with unanticipated expenses, investors planning their futures, and small businesses looking to expand, it creates economic opportunities for all participants in society....
