PointofLaw.com
 Subscribe Subscribe   Find us on Twitter Follow POL on Twitter  
   
 
   

 

 

Don't throttle subprime lending



So-called subprime lending has opened doors for many once-marginal borrowers, who would be locked out of credit opportunities if the law refuses to countenance higher-risk, higher-interest lending. "If we want poorer households to manage their money and assets better, we have to be prepared for them to make some mistakes, and not hurry to overprotect them," writes housing expert and Manhattan Institute VP Howard Husock (New York Sun).

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.