Summary: The market for consumer credit has been subjected to an ever increasing amount of federal regulation since the 2008 crisis. The Dodd-Frank Act created the Consumer Financial Protection Bureau to intervene in consumer credit markets and protect us from the rapacious lenders who devour household income and place consumers in unmanageable levels of debt through stealth and manipulative business practices. The predictable results have been a marginal increase in the cost of credit and its decreasing availability to lower income consumers as the CFPB’s rules price them out of this market. <br> <br> Todd Zywicki, co-author of Consumer Credit and the American…<a class="moretag" href="http://www.libertylawsite.org/2014/10/27/whos-afraid-of-consumer-credit-a-discussion-with-todd-zywicki/">Read More</a>
