The Volokh Conspiracy
[Todd Zywicki, May 16, 2008 at 7:05am] Trackbacks
Federalist Society Consumer Credit Protection Conference:

The program and participants list for the Federalist Society Consumer Credit Protection Conference has been updated. The program will be Tuesday May 20 at the National Press Club. Information and registration info is available here. The first panel will be on subprime lending and the second will be on credit card regulation. Lunch is included and the program is free for students, government employees, and hill staff.

Tom952 (mail):
Unfortunately, I cannot attend. Perhaps someone else will offer my suggestion that the industry refrain from lending money to people who have not proven that they have the ability and willingness to repay the loan.
5.16.2008 9:55am
Tomm:
How does some prove they have the ability and willingness to repay if no one will lend them money until they have proven they have the ability and willingness to repay?
5.16.2008 10:11am
J. F. Thomas (mail):
This is meant to be ironic, right?
5.16.2008 10:42am
Ubu Walker (mail):
How about changing the federal usury laws so that the amount of interest is limited to less than 20%?
5.16.2008 11:51am
David M. Nieporent (www):
How about changing the federal usury laws so that the amount of interest is limited to less than 20%?
Well, that's great for people with good credit, but would deny those with bad credit the opportunity to borrow money, which, while superficially a good idea to liberals who don't think beyond first order effects, would make it impossible for those with bad credit the opportunity to ever repair their credit.
5.16.2008 12:39pm
J. F. Thomas (mail):
Well, that's great for people with good credit, but would deny those with bad credit the opportunity to borrow money, which, while superficially a good idea to liberals who don't think beyond first order effects, would make it impossible for those with bad credit the opportunity to ever repair their credit.

Of course this is simply not true, since there are other ways to do this (e.g., secured loans or even secured credit card).
5.16.2008 1:15pm
Cornellian (mail):
How about changing the federal usury laws so that the amount of interest is limited to less than 20%?
Well, that's great for people with good credit, but would deny those with bad credit the opportunity to borrow money, which, while superficially a good idea to liberals who don't think beyond first order effects, would make it impossible for those with bad credit the opportunity to ever repair their credit.

Or maybe it would just be implementing the Biblical prohibition against usury, you know, that "values" thing.
5.16.2008 2:58pm
Countrywide Financial (mail):
Perhaps someone else will offer my suggestion that the industry refrain from lending money to people who have not proven that they have the ability and willingness to repay the loan.


That's crazy talk!
5.16.2008 4:24pm
David M. Nieporent (www):
Of course this is simply not true, since there are other ways to do this (e.g., secured loans or even secured credit card).
Sure. We can secure the loans with people's homes. No, wait, that's predatory lending!
5.16.2008 8:49pm

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