Director, NERA Economic Consulting
Dr. Xiaoling (“Ling Ling”) Lim Ang is an economic expert witness specializing in economics of consumer financial services, antitrust, consumer protection, banking, and labor. She focuses on applying rigorous economic and econometric methods in litigation, regulatory actions, and compliance matters. She has deep experience leading teams working with large, complex data.
Dr. Ang has submitted reports or testified in matters in federal, state, and administrative law court, consulted on Consumer Financial Protection Bureau (“CFPB”) and Federal Trade Commission investigations, and advised bank and non-bank clients on consumer financial services compliance issues. She has testified or consulted on issues related to UD(A)AP, fair lending, Truth in Lending (Regulation Z, the federal rule on cost of credit calculations and disclosures), damages, breach of contract, and lost earnings. Her experience includes matters related to servicing, mortgages, credit cards, deposit products, PACE financing, installment lending, and short-term lending.
Prior to working in economic consulting, Dr. Ang worked as an economist at two financial regulators: the CFPB and the Federal Deposit Insurance Corporation. At the CFPB Dr. Ang served as the lead economist on various rulemakings: TILA/RESPA (integration of mortgage disclosures), a rulemaking related to deposit products, interagency appraisal rulemakings, an Equal Credit Opportunity Act amendment, and larger participant rulemakings on student loan servicing and international money transfers. She also worked on disclosure testing, randomized control trials, and a Congressional report on private student loans.
Dr. Ang’s antitrust work includes matters related to consumer financial services, fixed-income securities, insurance, online retail, consumer packaged goods, and electronic components. Her securities experience includes securities class action, enforcement, and Foreign Corrupt Practices Act matters.
Dr. Ang is a frequent speaker and author on antitrust and financial services issues, including digital antitrust, consumer protection, mortgages, payments, fair lending, and fintech.