PPT-An Assessment of Consumers’ Use of High-Rate Credit Produ

Gregory Elliehausen Division of Research and Statistics Board of Governors of the Federal Reserve System 23 September 2011 Outline Historical background on regulation of highrate lending Economic analysis and evidence. 2009/2010 Pilot. Dual-Credit Objectives. Develop a model that is highly coordinated and can be duplicated. Create access for high school students participating post-secondary education opportunities (academic & career). . Economics. . ECON . 4915 . Lecture. 1. Andreas Kotsadam. Room 1038 . Andreas.Kotsadam@econ.uio.no. Why is this course important?. It concerns topics of high relevance.... . 9 million children below age 5 die every year. Gary L. Cates, Ph.D., N.C.S.P. Illinois Standards Achievement Test. Reading and Math: 3-8. Science 4 & 7. Writing 3, 5, 6, & 8. Prairie Sate Achievement Examination (PSAE). 11. th. graders relative to standards. CWAG. . Annual Meeting. July 21, 2015. Washington, DC . ۰. New York . ۰. Philadelphia . ۰. Chicago . ۰. Denver . ۰. Florida . www.cohenmilstein.com. Credit Reports Matter. Access to/cost of credit. Gregory Elliehausen. Division of Research and Statistics. Board of Governors of the. Federal Reserve System. 23 September 2011. Outline. Historical background on regulation of high-rate lending. Economic analysis and evidence. SAFARI into the Credit Industry . 15 &16 February 2017 Indaba Hotel . Agenda . NCR / DTI . Sidewinder legislation . Curve balls . Combative litigation or the art of war . NCA regulated entities – who is picking up the pieces . Borrowing Money. PRINCIPAL: The amount borrowed in the loan. INTEREST: The amount paid by the borrower for the privilege of using the money. COLLATERAL: Something of value offered by the borrower as a guarantee that the loan will be repaid.. What types of credit are available?. How does a revolving credit account work?. What are some good sources of loans?. Short term consumer credit. Usually refers to debts that are paid within one year. Presentation to the Select Committee on Finance . National Council of Provinces (NCOP. ). 14 February 2017. 1. Mission Statement and Values. Introduction to the Office of the Credit Ombud. Background & What we do . announced by the global administrative agent or the federal funds rate plus 1222 of 1 Loans under theCanadian Credit Facility will bear interest at a rate that may be based on the base rate announced ܊tC਎Sဒ-Aa MÃAЅ؆E-EAऊE؋ Agataఎndఒ̓ԔᔇLᘋగe༘r A⬎ℬabⰘమromఒhef⸡eⰑఓaⰬamరnÅerㄡ༲ఄeㄘarch Ar‛ÅeళSጰRA) Exchange. Forms of Exchange- Barter. Barter- this is a direct trade; one good for another good . Bartering normally contains more than two actors in the final trade. Example: Trading a lunch. Money. Money- any item that is readily accepted by people in return for goods and services. Primary activity of banks:. Loans. Resources to Borrower. Return to Lender. Monetary Policy. Credit creation relies on banks. Reserve ratio. Money multiplier. Secured vs unsecured loans. Collateral. Offset adverse selection. Not clear how assessment in Step 1 and Step 2 informs conclusions in Step 3. Lost the principles from SCOP1 and SCOP2 in final assessment?. Possible that GTAC is materially better vs combined arrangements when weighed against these (but probably...