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Author : National Consumer Finance Association
Publisher : Unknown
Page : 212 pages
File Size : 43,6 Mb
Release : 1962
Category : Commercial finance companies
ISBN : UOM:39015016765730
Author : American Financial Services Association
Publisher : Unknown
Page : 640 pages
File Size : 41,9 Mb
Release : 1960
Category : Commercial finance companies
ISBN : UIUC:30112087824964
Author : John M. Chapman,Robert Paul Shay,Columbia University. Graduate School of Business
Publisher : New York : Columbia University Press
Page : 216 pages
File Size : 47,5 Mb
Release : 1967
Category : Business & Economics
ISBN : UOM:39076005843896
Author : Lowell C. Yoder
Publisher : Unknown
Page : 181 pages
File Size : 42,9 Mb
Release : 1957
Category : Consumer credit
ISBN : 0813002621
Author : Cheryl R Cooper
Publisher : Unknown
Page : 38 pages
File Size : 46,7 Mb
Release : 2019-08-02
Category : Electronic
ISBN : 1086896912
Consumer finance refers to the saving, borrowing, and investment choices that households make over time. These financial decisions can be complex and can affect households' financial wellbeing both now and in the future. Safe and affordable financial services are an important tool for most American households to avoid financial hardship, build assets, and achieve financial security over the course of their lives. Understanding why and how consumers make financial decisions is important when considering policy issues in consumer financial markets. Households borrow money for the following common reasons: investments-such as a home or education-to build future wealth, consumption smoothing (i.e., paying later to consume things now), and emergency expenses. Most households rely on credit to finance some of these expenses, because they do not have enough money saved to pay for them. According to the Federal Reserve Bank of New York, mortgage debt is by far the largest type of debt for households, accounting for approximately 67% of household debt. Student debt is the second-largest household debt, followed by auto loans and credit cards. Consumer financial markets generally share similar market dynamics. In all of these markets, consumers often act in similar ways when making financial decisions and firms tend to act in comparable ways to attract consumers. Therefore, the government tends to consider similar policy interventions when regulating in these markets. Competitive free markets generally lead to efficient distributions of goods and services to maximize value for society. Yet sometimes, free markets are inefficient when particular issues arise. Common issues in consumer financial markets include (1) information asymmetries between financial firms and consumers and (2) behavioral biases that predictably bias consumers when making financial decisions. In these cases, government policy can potentially correct market failures to bring the market to a more efficient outcome, maximizing social welfare. In consumer finance, three types of policy interventions are common: (1) standardized consumer disclosures; (2) regulation to prevent deceptive, unfair, or abusive financial institution practices; and (3) regulation to prevent discrimination in consumer-lending markets. Yet, policymakers need to be aware of unintended consequences of proposed policies, and often find it challenging to determine whether a policy intervention will help or harm a particular market's efficiency. In response to the 2007-2009 financial crisis, the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (DoddFrank; P.L. 111-203) established the Bureau of Consumer Financial Protection (CFPB) to implement and enforce federal consumer financial law while ensuring consumers can access financial products and services. The CFPB's authorities fall into three broad categories: rulemaking, writing regulations to implement laws under its jurisdiction; supervision, the power to examine and impose reporting requirements on financial institutions; and enforcement of various consumer protection laws and regulations. The CFPB generally has regulatory authority over providers of an array of consumer financial products and services. The major consumer financial markets include mortgage lending, student loans, automobile loans, credit cards and payments, payday loans and other credit alternative financial products, and checking accounts and substitutes. In addition, two important market structures allow these consumer financial products to be offered: (1) the consumer credit reporting system and (2) the debt collection market. These aspects of the consumer credit system facilitate the pricing of credit offers and the resolution of delinquent consumer credit products for most consumer credit markets.
Author : John M. Chapman
Publisher : Unknown
Page : 183 pages
File Size : 50,9 Mb
Release : 1967
Category : Consumer credit
ISBN : 0231030797
Author : Michael Kawaja
Publisher : Unknown
Page : 108 pages
File Size : 40,7 Mb
Release : 1971
Category : Business & Economics
ISBN : STANFORD:36105044229487
Presents a case study of rate ceilings and loan limits in New York State to study how the rate and loan size regulations in the consumer finance industry evolved, and the effects on the character and volume of the lending services.
Author : National Consumer Finance Association. Educational Services Division
Publisher : Unknown
Page : 52 pages
File Size : 52,5 Mb
Release : 1973
Category : Consumer credit
ISBN : CORNELL:31924069780132
Author : Jing Jian Xiao
Publisher : Springer
Page : 376 pages
File Size : 51,5 Mb
Release : 2016-05-30
Category : Psychology
ISBN : 9783319288871
This second edition of the authoritative resource summarizes the state of consumer finance research across disciplines for expert findings on—and strategies for enhancing—consumers’ economic health. New and revised chapters offer current research insights into familiar concepts (retirement saving, bankruptcy, marriage and finance) as well as the latest findings in emerging areas, including healthcare costs, online shopping, financial therapy, and the neuroscience behind buyer behavior. The expanded coverage also reviews economic challenges of diverse populations such as ethnic groups, youth, older adults, and entrepreneurs, reflecting the ubiquity of monetary issues and concerns. Underlying all chapters is the increasing importance of financial literacy training and other large-scale interventions in an era of economic transition. Among the topics covered: Consumer financial capability and well-being. Advancing financial literacy education using a framework for evaluation. Financial coaching: defining an emerging field. Consumer finance of low-income families. Financial parenting: promoting financial self-reliance of young consumers. Financial sustainability and personal finance education. Accessibly written for researchers and practitioners, this Second Edition of the Handbook of Consumer Finance Research will interest professionals involved in improving consumers’ fiscal competence. It also makes a worthwhile text for graduate and advanced undergraduate courses in economics, family and consumer studies, and related fields.
Author : Randall Stuart Stout
Publisher : Unknown
Page : 174 pages
File Size : 53,5 Mb
Release : 1963
Category : Commercial finance companies
ISBN : STANFORD:20501194669
Author : United States. National Commission on Consumer Finance
Publisher : Unknown
Page : 348 pages
File Size : 52,5 Mb
Release : 1972
Category : Consumer credit
ISBN : UCAL:B5128644
Author : Guogang Wang,Gang Zeng,Xuan Xiaoying
Publisher : Springer
Page : 209 pages
File Size : 45,9 Mb
Release : 2017-03-13
Category : Business & Economics
ISBN : 9781137524188
This book is distinctive among current studies on this topic. The Chinese economy has entered a period of transformation, which has brought changes to the finance market and consumer habits. For a long time, topics such as monetary policy, reform, financial risks and so forth have been the focus. But there have been few studies of those aspects of the consumer finance market that are directly related to private consumption. Studies on this topic, to which this book contributes, are necessary for understanding the current economic situation in China. This is a full-scale comparative study of consumer finance in China, Japan and South Korea, and will draw lessons for China in this area from the experience of the other two countries.
Author : Carl Anton Dauten
Publisher : Unknown
Page : 0 pages
File Size : 52,6 Mb
Release : 1956
Category : Consumer credit
ISBN : LCCN:56011015
Author : Neil Morosa
Publisher : Unknown
Page : 174 pages
File Size : 41,8 Mb
Release : 1962
Category : Electronic
ISBN : UCAL:$C218939
Author : Irving S. Michelman
Publisher : New York : A. M. Kelley
Page : 360 pages
File Size : 43,7 Mb
Release : 1970
Category : Business & Economics
ISBN : STANFORD:36105033801064
