This course identifies and explores areas of the American legal system that have effects – both negative and positive – on the ability of people to prevent the onset of economic insecurity. The class first will explore the meaning of financial anxiety and economic insecurity and discuss why they matter. Then it will explore various areas of the law that inform our financial system as relevant to the onset and perpetuation of such financial anxiety and economic insecurity. Areas of our financial system that will be explored through the prism of law include housing finance, student loan finance, and information security. The lessons learned regarding the intersections of law with each of these areas of finance will be drawn from the economic context existing in the United States today and in the last decade, including the financial crisis of 2008 as well as cyber-attacks and other ways in which personal financial data is under assault from poor or inadequately designed information security systems. We will discuss each of these issues in the larger context of consumer debt, agency and regulatory action, primarily related to the Consumer Financial Protection Bureau, and legislative responsiveness, as well as differential impacts related to debt, race and gender. The readings will come from law and non-law sources. The class will discuss issues relevant to the legal system and the study of business law and finance generally, including the use of data to illuminate legal problems, the role of lawyers, policymakers and business actors, and the nature of modern policymaking.
Current & Previous Instructors:
Sarah Bloom Raskin;
|584S (CRN: 27674) Credits: 3|
Spring, 2018 (Day).