Staff Bios and Research Team
Patricia A McCoy
Lead Research Scholar
Patricia A. McCoy, a renowned expert on financial services regulation, is the Director of the Law School’s Insurance Law Center, the only such center in the country. Her research and teaching interests span retirement products, banking, securities, life insurance, and mutual funds to public insurance schemes such as Social Security and deposit insurance. Professor McCoy analyzes risk management, moral hazard, and systemic risk through the lens of law, economics, and empirical methods. Her courses include banking and securities regulation, mutual fund law, retirement security law, corporate governance, and consumer finance law.
Professor McCoy received her B.A. from Oberlin College and her J.D. from the University of California at Berkeley, where she was EditorinChief of the Industrial Relations Law Journal (now the Berkeley Journal of Employment and Labor Law). After graduation, she clerked for the late Judge Robert S. Vance of the United States Court of Appeals for the Eleventh Circuit. Her practice years were spent at Mayer Brown in Washington, D.C., where she was a partner specializing in complex securities, banking and constitutional litigation in the trial and appellate courts. Before coming to Connecticut in 2002, she began her teaching career at Cleveland State University.
Professor McCoy's research examines systemic risk, market failure, and consumer protection in financial services. In addition to numerous articles, she has two books to her name: Banking Law Manual: Federal Regulation of Financial Holding Companies, Banks and Thrifts (2d ed. 2000 & cum. supp.) and Financial Modernization After GrammLeachBliley (2002). She sits on the Editorial Advisory Board for the Cambridge Series on Law, Finance, and Economics of Oxford University Press. A recognized authority on the subprime crisis, Professor McCoy is writing a new book on the crisis with Kathleen C. Engel, anticipated in 2010.
In 20022003, Professor McCoy was a Visiting Scholar at the MIT Economics Department. Later, from 20032008, she sat on the board of directors of the Insurance Marketplace Standards Association, the leading market conduct and compliance organization for life insurers. She also served on the Consumer Advisory Council of the Federal Reserve Board from 2002 to 2004, where she chaired the Council's Consumer Credit Committee. In 2001, Professor McCoy served as chair of the Section on Financial Institutions and Consumer Financial Services of the Association of American Law Schools. More recently, the University of International Business and Economics in Beijing appointed Professor McCoy as an honorary guest professor of insurance.
Professor McCoy has testified before Congress and has been quoted in the New York Times, Wall Street Journal, The Economist, The Los Angeles Times, Bloomberg, Forbes, and National Public Radio, among others, on financial regulation and risk management. Active in the Law and Society Association, she has lectured around the world, including in Russia, Eastern Europe, Africa, South America, and China. In her other life, she sings with The Hartford Chorale and is an opera lover.
Dr. Roberto Quercia
Director, Center of Community Capital, UNC
Roberto G. Quercia directs the Center for Community Capital at the University of North Carolina at Chapel Hill and is also a professor of City and Regional Planning and a Faculty Fellow at the Center for Urban and Regional Studies.
Quercia leads major research projects in the areas of lowincome homeownership, subprime and predatory lending, and financial services issues. He is principal researcher on an evaluation of a secondary mortgage market initiative for community reinvestment loans funded by The Ford Foundation. The multiyear evaluation is also examining the impacts of homeownership relying on a longitudinal survey of lowincome borrowers.
Quercia has conducted extensive research on neighborhood dynamics and poverty for government agencies, municipalities, community organizations and private entities, including the U.S. Department of Housing and Urban Development, U.S. Congressional Budget Office, General Accounting Office, Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. He has published numerous articles, primarily on the topics of lowincome homeownership, affordable lending and the assessment of lending risks, and homeownership education and counseling.
He currently serves on the editorial boards of Housing Policy Debate and Housing Studies and on the Research Advisory Council of the Center for Responsible Lending and has held appointments at the University of Texas, the University of California at Berkeley, the Wharton Real Estate Center (University of Pennsylvania) and the Urban Institute in Washington, D.C.
Assistant Professor, Department of Urban Studies and Planning, Wayne State University
Research Interests include Affordable Housing Finance, Housing and Public Polic, Regional Economic Development in China and Statistical and spatial modeling
- Neighborhood Subprime Lending and the Performance of Community Reinvestment Mortgages (with Quercia, R.G. and Ratcliffe, J.), Journal of Real Estate Research, Forthcoming
- Loan Modification and Redefault Risk: An Examination of Shortterm Impact (with Quercia, R.G.), Cityscape, Forthcoming
- Modeling the Spatial Diffusion of Mobile Telecommunications in China (with Haynes, K.E. and Li, H.), The Professional Geographer, Forthcoming
- Telecommunications Infrastructure and Regional Income Convergence in China: Panel Data Approaches (with Haynes, K.E. and Liu, Y.), Annals of Regional Science, 2008,42(4), 843861
- The Neighborhood Patterns of HigherPriced Lending: The Case of Atlanta (with Ratcliffe, J., Stegman, M.A., and Quercia, R.G.), Journal of Affordable Housing and Community Development Law, 2008,17(3), 193217
- Postpurchase Counseling and Default Resolutions among Low and ModerateIncome Borrowers (Quercia, R.G., and Ratcliffe, J.). Journal of Real Estate Research, 2008,30(3), 315344
- The Knowledge network and Learning in A Competitive Environment: A Learning Regional Model, Studies in Regional Science (with Shibusawa, H. and Haynes, K.E.), 2008, 38(1), 3349
- Preventive Servicing Is Good for Business and Affordable Homeownership Policy (with Stegman, M. A., Quercia, R.G., Ratcliffe, J., and Davis, W.), House Policy Debate, 2007,18 (2), 243278
Alan M. White
Assistant Professor of Law, Valparaiso University
Research interests include Bankruptcy, Comparative Law, Consumer Law, Contracts, Sales and Payment Systems
- Deleveraging the American Homeowner: The Failure of 2008 Voluntary Mortgage Contract Modifications, 41 Conn. L. Rev. 1107 (2009). (ssrn)
- Borrowing while Black: Applying Fair Lending Laws to RiskBased Mortgage Pricing, 60 S.C. L. Rev. 677 (2009).
- Rewriting Contracts, Wholesale: Data on Voluntary Mortgage Modifications from 2007 and 2008 Remittance Reports, 36 Fordham Urb. L.J. 509 (2009). (ssrn)
- Behavior and Contract, 27 Minn. J.L. Inequality 135 (Winter 2009). (ssrn)
- The Case for Banning Subprime Mortgages, 77 U. Cin. L. Rev. 617 (2008). (ssrn)
- RiskBased Pricing: Present and Future Research, 15 Housing Pol'y Debate 503 (2004). (vt.edu)
- Surendettement Proceedings in French Law and Consumer Bankruptcy in the United States: The SocialDemocratic and Free Market Approaches to Excessive Debt in Advanced Capitalist Consumer Economies, in Risk and Choice in Consumer Society, (Ramsay et. al., ed. Sakkoulas Publishing 2007).
- Literacy and Contract, 13 Stan. L. & Pol'y Rev. 233 (2002) (with Cathy Lesser Mansfield). (ssrn)
- New Relief for Trade School Victims: Discharging Student Loans Based on False Certification of Ability to Benefit, 29 Clearinghouse Rev. 1128 (April, 1996).
- Gentrification, Tipping and the National Housing Policy, 11 N.Y.U. Rev. L. & Soc. Change 255 (198283).
- Contributing author, Carter, ed., Pennsylvania Consumer Law (Bisel 2006).
- Contributing author, National Consumer Law Center, Student Loan Law (2001), Truth in Lending (4th ed. 1999); Consumer Bankruptcy Law and Practice (6th ed. 2001).