The Consumer Financial Protection Bureau's Arbitration Study: Report to Congress 2015 does not support the case for ex ante regulation of mandatory consumer arbitration clauses. It contains no data on the typical arbitration outcome?a settlement?and it is these arbitral settlements, and not...

This paper examines the relationship between behavioral law and economics (BLE) as a policy prescription platform and its influence on the regulations emerging from the Consumer Financial Protection Bureau (CFPB). We show how these regulations are inconsistent with the intent and purpose of...

This article reviews the law and economics of consumer debt collection and its regulation, a topic that has taken on added urgency in light of the announcement by the Consumer Financial Protection Bureau that it is considering new regulations on the subject. Although stricter regulation of...

Regulation of credit use by individuals is as old as human history. Sometimes, however, rationales for aspects of regulations become lost in history to the point that current policy debates about them contain elements of mythology. Nowhere is this truer among kinds of consumer credit than for...