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About the Authors

Lauren K. Saunders, a co-author, is associate director of the National Consumer Law Center in Washington, D.C., where she directs the Center’s federal legislative and regulatory work. She regularly speaks and writes in areas including prepaid cards, payment systems, small dollar loans, and deposit accounts. She is a contributing author to NCLC’s Consumer Credit Regulation and Fair Credit Reporting. She previously directed the Federal Rights Project of the National Senior Citizens Law Center, was deputy director of litigation at Bet Tzedek Legal Services in Los Angeles, and was an associate at the public interest firm Hall & Phillips.

Margot Saunders, a co-author, is of counsel with NCLC and was formerly the managing attorney of NCLC’s Washington, D.C., office. Her areas of focus include electronic commerce, E-Sign and UETA, EBT, EFT 99, and protecting exempt funds, as well as predatory lending and consumer credit generally. She was a co-author of the four prior editions of this volume and is also a contributing author to Mortgage Lending and has contributed to numerous other NCLC publications, including The Cost of Credit, Consumer Credit Regulation, Foreclosures and Mortgage Servicing, and Truth in Lending. She is a former member of the FRB’s Consumer Advisory Council, a former consumer specialist for North Carolina Legal Services, and a recipient of the Vern Countryman Consumer Law Award.


Mark Budnitz
, a co-author, is professor of law emeritus at Georgia State University College of Law. He was an attorney at Community Legal Assistance Office (Cambridge, MA) and Greater Boston Legal Services, and was NCLC’s executive director. He also was a branch chief at the Securities and Exchange Commission. His publications include the four prior editions of this volume, The Law of Lender Liability, Counseling and Representing Financially Distressed Businesses, and numerous law review articles on consumer payment systems. He is on the Advisory Committee of Atlanta Legal Aid Society and NCLC’s Board of Directors, is a member of the American Law Institute, and a member of the Retail Payments Risk Forum Advisory Group at the Federal Reserve Bank of Atlanta.


Cathy Lesser Mansfield
, a co-author, was a professor of law at Drake University Law School, teaching consumer and commercial law courses. She was the chair of the Board of Directors of Americans for Fairness in Lending, has served on the Board of Directors of the National Association of Consumer Advocates, and has worked as a consultant for NCLC. She lectures nationally about consumer law issues. Her publications include “Literacy and Contract,” 13.2 Stanford Law and Policy Review 233 (2002) (with Alan M. White) and “The Road to Subprime ‘HEL’ was Paved With Good Congressional Intentions: Usury Deregulation and the Subprime Home Equity Market,” 51 S.C.L. REV. 473 (2000). Formerly, she was a staff and then managing attorney at Community Legal Services in Phoenix, Arizona.

Adam J. Levitin, a co-author, is a professor of law at Georgetown University Law Center, where he teaches courses in consumer finance, bankruptcy, contracts, and commercial law. Previously he practiced at Weil, Gotshal & Manges LLP and served as law clerk to the Honorable Jane R. Roth on the United States Court of Appeals for the Third Circuit. Professor Levitin has previously served as special counsel to the Congressional Oversight Panel, as scholar in residence at the American Bankruptcy Institute, and as a visiting professor of law at Harvard Law School.

Elizabeth Renuart, a contributing author, is currently of counsel to the National Consumer Law Center and was a staff attorney at the Center from 1996/-/2009. During the intervening years (2009/-/2014), she was an associate professor of law at Albany Law School where she taught commercial and consumer law. She is co-author of NCLC’s Truth in Lending and several other books. She is a former member of the Federal Reserve Board Consumer Advisory Council. She was a legal services attorney in Maryland where she litigated consumer and other cases for seventeen years, focusing on foreclosure defense work for the last five years.

Rebecca Borné, a contributing author, is a senior policy counsel at the Center for Responsible Lending, where she works on regulatory and legislative policy on a range of consumer lending issues, focusing on small dollar loans. She has been with CRL since 2008.