Todd Zywicki on the History & Regulation of Consumer Credit

In this episode, Todd J. Zywicki, Foundation Professor of Law at the George Mason University Antonin Scalia Law School, discusses his provocative scholarship on the history and regulation of consumer credit. Zywicki begins by explaining the origins of both modern consumer credit and consumer credit scholarship in the 1920s. Then he discusses the gradual emergence of other forms of consumer credit, including credit cards. In light of this history, he offers some thoughts on how the government could better regulate access to consumer credit, as well as some observations on the use of behavioral law and economics by scholars of consumer credit. You can read more of Zywicki's voluminous scholarship on consumer credit and other subjects on his SSRN page.

Keywords: bankruptcy, consumer credit, distress model, foreclosure, homeownership, lending practices, mortgages, option model, regulation, subprime

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