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18 - Poor Consumer(s) Law

The Case of High-Cost Credit and Payday Loans

from Part IV - How the Law Protects

Published online by Cambridge University Press:  29 June 2023

Jacob E. Gersen
Affiliation:
Harvard Law School, Massachusetts
Joel H. Steckel
Affiliation:
New York University
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Summary

There is a long-standing consensus on the need to fight poverty and eliminate it. Some fifty-five years ago, the American President Lyndon B. Johnson launched a “War on Poverty” in his 1964 State of the Union Address. Nevertheless, poverty is still a striking problem. In the United States, more than 46 million Americans lived in poverty in 2012.2 Worldwide, billions live on less than eight US dollars a day,3 and hundreds of millions on less than one dollar a day.4 Poverty is a complex, multifaceted, and persistent problem.5

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Publisher: Cambridge University Press
Print publication year: 2023

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