Researching Public Law and Public Policy in the Public Interest
While it is commonly understood that the Great Recession ended on June 2009, the total number of consumers having their foreclosure or negative public records still on their credit report actually peaked in 2015. This paper examines the lasting impact of these negative records on consumer spending and economic recovery.
This empirical account of equity issues uses metro Baltimore, MD and the Camden, NJ region to set forth a broad range of analytical units and their proper assessment tools. In addition to detailed prescriptions about promising strategies, Rusk sets forth the raw materials for understanding and reforming complex state and local governmental arrangements that contribute to persistent inequity.
The automobile is at the center of the biggest boom in subprime lending since the mortgage crisis. The market for loans to buy used cars is growing rapidly. And similar to how a red-hot mortgage market once coaxed millions of borrowers into recklessly tapping the equity in their homes, the new boom is also leading people to take out risky lines of credit known as title loans.
While informal lending circles among families, acquaintances, co-workers and neighbors are familiar to hundreds of millions of people all over the globe, they are rarely recognized by mainstream financial institutions. But now these centuries-old networks are being seen as a promising tool to help low-income Americans build credit records, part of a new frontier of the war on poverty that has attracted a crazy-quilt coalition of supporters that include major banks, immigrant activists and academic researchers.