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Peering Forward, 10 Years After: International Policy and Consumer Credit Regulation

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  • I. Ramsay

    (University of Kent)

  • T. Williams

    (University of Kent)

Abstract

A key change since the financial crisis of 2008 is the internationalization of interest in consumer finance. International institutions monitor household credit because of its impact on financial stability and market expansion. Macroprudential concerns drove this interest, resulting in a sea change in approaches to consumer credit regulation in many jurisdictions. This article critically analyses the emerging international policy paradigm, contrasting pre-and post-crisis regulatory approaches and highlighting continuing tensions about key policy choices. It then uses two recent sites of contestation, debt adjustment and the regulation of high-cost credit to demostrate the persistence of conflict over the positioning of consumers within an emergent stability focused paradigm of financial consumer protection.

Suggested Citation

  • I. Ramsay & T. Williams, 2020. "Peering Forward, 10 Years After: International Policy and Consumer Credit Regulation," Journal of Consumer Policy, Springer, vol. 43(1), pages 209-226, March.
    • Handle: RePEc:kap:jcopol:v:43:y:2020:i:1:d:10.1007_s10603-019-09436-x
    DOI: 10.1007/s10603-019-09436-x
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    References listed on IDEAS

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    Cited by:

    1. D. Burton, 2021. "Consumer Debt Prevention and Discharge in the Arabian Gulf," Journal of Consumer Policy, Springer, vol. 44(1), pages 21-42, March.
    2. A. Mathios & H.-W. Micklitz & L. A. Reisch & J. Thøgersen & C. Twigg-Flesner, 2020. "Journal of Consumer Policy’s 40th Anniversary Conference: A Forward Looking Consumer Policy Research Agenda," Journal of Consumer Policy, Springer, vol. 43(1), pages 1-9, March.
    3. O. Monye, 2024. "Strengthening Nigeria’s Digital Money Lending Ecosystem," Journal of Consumer Policy, Springer, vol. 47(3), pages 445-458, September.
    4. Grzegorz Wałęga & Agnieszka Wałęga, 2021. "Over-indebted Households in Poland: Classification Tree Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 153(2), pages 561-584, January.
    5. M. Lundholm, 2021. "Compensation and Socio-Economic Status of Borrowers in Foreclosure: Evidence from Swedish Micro-data," Journal of Consumer Policy, Springer, vol. 44(1), pages 95-116, March.
    6. Mansurali Anifa & Swamynathan Ramakrishnan & Shanmugan Joghee & Sajal Kabiraj & Malini Mittal Bishnoi, 2022. "Fintech Innovations in the Financial Service Industry," JRFM, MDPI, vol. 15(7), pages 1-19, June.
    7. Ryszard Kowalski & Grzegorz Wałęga, 2022. "Regulation of Usury: Justification, Consequences, and Some Lessons from Polish Experience," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 57-73.
    8. Bożena Frączek, 2020. "A System to Support the Transparency of Consumer Credit Offers," JRFM, MDPI, vol. 13(12), pages 1-13, December.

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