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
consumer credit, credit cards, mortgage law, Law
Dyal-Chand, Rashmi, "From status to contract: evolving paradigms for regulating consumer credit" (2006). School of Law Faculty Publications. 196.