New Academic Paper Urges CFPB to Carefully Consider Impact of Potential New Debt Collection Regulations

George Mason University Foundation Professor of Law and Senior Scholar of the Mercatus Center Todd J. Zywicki has published a Working Paper entitled “The Law and Economics of Consumer Debt Collection and Its Regulation.” The 69-page paper concludes that new government restrictions on debt collection may very well burden consumers.

Zywicki starts with the premise that the ability to effectively and efficiently collect consumer debts is crucial to the American economy,

“Without the ability to enforce contracts, consumer lending would be scarce and expensive. Everyone would be worse off.”

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