Tom Miller

SENIOR RESEARCH FELLOW

Tom Miller, Jr. is a Senior Research Fellow at Consumers’ Research. He is a Professor of Finance and inaugural holder of the Jack R. Lee Chair in Financial Institutions and Consumer Finance at Mississippi State University. With its focus on Consumer Finance, notably installment credit products, the Lee Chair is the first of its kind. He served as a member of the Academic Research Council at the Consumer Financial Protection Bureau.

Professor Miller has several ongoing research projects on various topics in small-dollar loans. He and his co-authors recently published a study of the effects of the 36 percent all-in interest rate cap in Illinois. His current research now includes projects on payday loans and pawn transactions.

Miller is a frequent speaker at national conferences and conventions. His overall topics generally focus on the value to consumers of maintaining access to small-dollar credit products, the value of competition in small-dollar credit products, and educating policymakers about how small-dollar credit products work. He is the author of the primer, “How Do Small-Dollar Nonbank Loans Work?”

Miller has had, and maintains, a long-standing interest in derivative securities and investments. He has published numerous scholarly peer-reviewed articles on various topics in derivative securities. He is co-author (with David Dubofsky) of Derivatives: Valuation and Risk Management (Oxford University Press. In addition, his textbook on investments (with Bradford D. Jordan and Steve Dolvin), “Fundamentals of Investments: Valuation and Management” (McGraw-Hill/Irwin), is in its 10th edition.

Miller received his Ph.D. in finance from the University of Washington (Seattle) and his Bachelor’s and Master’s degrees in applied economics from Montana State University. In his off hours, he enjoys playing jazz and blues on the tenor saxophone.