M. Cary Collins

M. Cary Collins

Academic Affiliate

Email: Contact Jeffrey S. Andrien

Phone: (512) 703-4600 VCard


M. Cary Collins is the Trustee Professor of Entrepreneurship and an Associate Professor of Finance at Bryant University just outside Boston. Prior to joining Bryant, Dr. Collins held the Home Federal Bank/David Sharp Professorship of Banking at The University of Tennessee. Dr. Collins’ experience spans a broad range issues including fair lending & bank loan compliance, credit risk & credit scoring, as well as asset backed securitization (ABS). Dr. Collins is an applied financial economist with professional experience in advanced quantitative methods, microeconomics and statistical methods.

While at The University of Tennessee, Dr. Collins founded Risk Management Solutions, Inc. , a company he later sold to a public holding company. Specifically, Cary was the creator of the leading fair lending software system adopted by industry and regulators. Cary worked with more than 60 large financial services firms to implement fairness systems; and then to diagnose fairness, Home Mortgage Disclosure Act (HMDA), and Community Reinvestment Act (CRA) issues.

Dr. Collins’ teaching portfolio includes risk management and capital training for The Graduate School of Banking at LSU, Lending Compliance & Risk Management for The Southeastern School of Banking, among a myriad of other specialized CRCM/CLE sessions or panels for various industry associations. He was also an Ayres Fellow to The American Bankers Association.

Dr. Collins’ research portfolio highlights the applied nature of his work. Dr. Collins has published articles on bank compensation & capital, fair lending, credit risk, and costs of regulatory oversight in top academic journals including Financial Management, Journal of Financial Services Research, Journal of Financial Research, and most recently on mortgage broker behaviors in The Journal of Housing Research.

Dr. Collins has worked with most of the top financial services law firms in the U.S. and with leading financial services clients of those firms. Having worked almost entirely through legal counsel, Dr. Collins has had the privilege of leading teams of degreed experts in housing, consumer, and automotive lending matters.

Dr. Collins has participated in grant work and research with experts at The U.S. Department of the Treasury’s Office of the Comptroller of the Currency and at The U.S. Department of Housing & Urban Development.

Dr. Collins holds a doctorate in financial economics, with areas in econometrics and statistics from The University of Georgia. He also holds an MBA in Finance from Virginia Tech and a BSBA from Concord University. Dr. Collins holds several teaching awards to complement his academic research.


Ph.D. in Finance, University of Georgia

Areas of expertise

Recent news, presentations, and publications

“Equity Market Response to The Graham-Leach-Bliley Act of 1999,” Co-authored with Austin Kwag (Utah State University) and Semih Yildirim (York University), forthcoming Journal of Business, Finance & Accounting, 2006.

“Trust Preferred Stock Issuance for Financial Services Firms: Evidence from the Debt Markets,” Co-Authored with Keith D. Harvey (Boise State University) and James W. Wansley, The Financial Review, Vol. 38, No. 2, 2003, 235-256.

“Further Evidence on the Relation Between Corporate Ownership Structure and Dividend Policy,” Co-authored with Amitabh S. Dutta (Columbus State University) and James W. Wansley, International Journal of Finance, Vol. 14, Part 4, 2002, 2406-2418.

“The Influence of Bureau Scores, Customized Scores and Judgmental Review on the Bank Underwriting Decision Making Process,” Co-authored with Keith D. Harvey (Boise State University) and Peter Nigro (The Office of the Comptroller of the Currency), Journal of Real Estate Research, Vol. 24, No. 2, 2002, 129-152.

“Disparities in Mortgage Lending, Bank Performance, Economic Influence, and Regulatory Oversight,” Co-authored with Keith D. Harvey (The University of Tennessee), Peter Nigro (The Office of the Comptroller of the Currency), and Breck L. Robinson (The University of Delaware), Journal of Real Estate, Finance and Economics, Vol. 23, No. 3, 2001, 379-410.  Presented at The 1999 Southern Finance Association Annual Meeting (Key West, Florida) and at the 2000 Federal Reserve Bank of Cleveland CRA Conference (Cleveland, Ohio).

“The Long-Term Impact of Deregulation on the Systematic Risk of Financial Institutions: A Case Study of the Savings and Loan Industry,” Co-authored with Harold A. Black and Robert Kunkel (Western Michigan University), Journal of Business and Economic Perspectives, Vol. 27, No. 2, Fall/Winter, 2001, 81-90.

“The Impact of the Failure of Continental Illinois and the Too-Big-To-Fail Doctrine on Changes in Operating Efficiency,” Co-authored with Harold A. Black and Breck L. Robinson (University of Delaware), Managerial Finance, Vol. 26, No. 2, 2000, 42-56.

“Market Effects of SEC Actions Against Bank Auditing Firms: The Case of Ernst & Young and RepublicBank,” Co-authored with Harold A. Black and Gregory Kuhlmeyer (The University of Northern Colorado), Managerial Finance, Vol. 26, No. 2, 2000, 19-30.