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And they note that states with tough consumer lending laws have not experienced large numbers of borrower lawsuits.
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Bangladesh has the largest numbers of borrowers of any country.
But vast numbers of borrowers who took out these loans ultimately defaulted.
The current regulatory regime for consumer credit has not adequately protected large numbers of borrowers.
Critics warn that taxpayers could get stuck with a huge bill if large numbers of borrowers defaulted yet again.
But during the summer of 2008, as increasing numbers of borrowers became unable to pay their mortgages, default rates rose.
If his forecast is accurate, the numbers of borrowers who owe more than their homes are worth will rise significantly.
But college debt is an even bigger problem for the growing numbers of borrowers who drop out without degrees.
Society wants banks to make loans, only not with such improvidence that large numbers of borrowers end up defaulting.
But the tide has turned and increasing numbers of borrowers want the certainty of a longer-term commitment, say brokers – and lenders are offering more, and better, deals.
The companies have injected their own capital into pools of securities, arguing that new business policies are helping greater numbers of borrowers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com