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Business Scholarship Podcast

Ep.121 – Christine Abely on Consumer Debt and Judgment Interest

Aug 12, 2021
17:49

Christine Abely, faculty fellow at New England Law Boston, joins the Business Scholarship Podcast to discuss her article Adjusting Pre- and Post-Judgment Interest Rates for Consumer Debt Collection Actions. In this article Abely explains that fixed statutory rates for pre- and post-judgement interest can result in windfalls for creditors that come at the expense of consumer debtors. Because consumers often cannot hedge against this risk—as non-consumer judgment debtors can—Abely recommends legislative reforms to protect consumers from paying above-market judgment interest rates.

This episode is hosted by Andrew Jennings, assistant professor at Brooklyn Law School.

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