For the benefit of consumers who rely on non-prime credit and the lenders that provide it, Consumer Financial Protection Bureau rules offering clarity and consumer protections canÂ't come soon enough.
The United Kingdom's potential departure from the European Union has implications not just for British banks but for large interconnected financial institutions based here as well.
Pew Charitable Trusts argues that the Consumer Financial Protection Bureau needs to impose new rules on checking account overdraft policies. Does an analysis of CFPB's complaint database support this conclusion? Haberfeld's Achim Griesel says no.
Rather than look at the hard problem of restructuring the banking system, critics of the largest institutions should focus on the more immediate issues pertaining to extremely high capital requirements, which may hamper economic activity.
The Commodity Futures Trading Commission's proposal to obtain trader source code sets a dangerous precedent of regulators impinging on firms' constitutional protection from search and seizure.
To help make instant payments a reality, regulators here and abroad should encourage multiple approaches, thus avoiding the temptation to mandate a single solution.
Those criticizing the Consumer Financial Protection Bureau's governing structure object to the idea of a regulatory agency successfully protecting consumers and the public interest.
Restrictions on bank ownership act as a de facto poison pill, discouraging potential activist investors from challenging underperforming bank managers. Ease those restrictions and the market will do its job.
