The Consumer Financial Protection Bureau's payday loan proposal threatens many money services businesses on the front lines of stopping money-laundering and terrorist financing.
Fed's Challenges Go Beyond When to Raise Rates
The recent ineffectiveness of Federal Reserve monetary policy and macroprudential rules begs the question whether the Fed needs to revise recent bank regulations, its own mission or both.
A modern version of the Depression-era law would not only make banks safer, but it would also reduce compliance costs and erase the need for certain capital mandates.
Congress wouldn't intervene in a baseball manager's plan for his pitcher's strategy, which is prone to change. The same should be true for monetary policy decisions.
Legislative proposals to reform the housing finance system have failed to garner enough support, but a surprisingly simply reform idea is in plain sight: deeper private mortgage insurance coverage.
Attempts to sneak provisions into a final budget deal may be sold as helping community banks, but many of the measures really help big banks and undermine consumer protection.
