Document Type

Article

Abstract

In the last four decades something radical has happened in the United States consumer economy: the ordinary, middle class homeowner has gained a new means for borrowing thousands of dollars. While consumers have long had the option of using their homes as collateral for loans, they can now use credit cards to borrow large sums without any security for those loans.

Date of Authorship for this Version

1-1-2006

Keywords

consumer credit, credit cards, mortgage law, Law

Original Citation

This article was originally published at 73 Tenn. L. Rev. 303 (2006) and appears here by permission of the author and the Tennessee Law Review Association, Inc.

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