Thomas W. Miller Jr.

Professor of Finance

Thomas W. Miller Jr. is a professor of finance. He holds the Jack R. Lee Chair in Financial Institutions and Consumer Finance at Mississippi State University. He is also a senior research fellow at Consumers' Research.

Consumer banking

Interest rate caps make loans less available to subprime borrowers

A new study finds that in the six months after a rate cap was imposed in Illinois, the number of subprime loans being made declined, and subprime borrowers reported a decline in their financial well-being.

By Thomas W. Miller Jr.

March 8