Journal

Volume 43 | Number 2 Spring 2008

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Consumer Over-Indebtedness: A U.S. Perspective

by A. Mechele Dickerson

Summary

  1. Introduction
  2. U.S. CONSUMERS AND OVER-INDEBTEDNESS
    1. Going into Debt: In General
    2. Credit Card Debt
    3. Housing Debt
      1. Benefits and Perils of the Democratization of Homeownership
      2. Current Crisis
  3. U.S. RESPONSE TO OVER-INDEBTEDNESS
    1. The Consumer’s Right to a Fresh Start
    2. The Consumer’s Duty to Behave Responsibly: BAPCPA
    3. BAPCPA’s Success?
  4. COMPARATIVE PATTERNS OF INDEBTEDNESS
    1. Going into Debt
    2. Getting out of Debt
  5. POTENTIAL SOLUTIONS FOR CONSUMER OVER-INDEBTEDNESS
    1. Need for Response
    2. Crafting a Response: Recognizing Creditor Motivation
    3. U.S. Response to Consumer Over-Indebtedness
      1. Disclosure and Consumer Education
      2. Regulation
      3. Changing Issuer and Lender Practices
  6. CONCLUSION

Footnotes

For complete footnote citations, download the PDF.

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