law-regulation

Contrary to the results of a recent internal investigation, the Justice Department's Operation Choke Point circumvents due process in attempt to shutter lawful businesses like payday lenders and ammunitions dealers.

Some community banks stick with rigid or outdated policies out of habit. That winds up hurting them when customer take their business to financial institutions that use technology to make transactions more convenient.

Regulators need to be able to impose tough requirements on foreign banks with U.S. units in order to safeguard the domestic financial system from turbulence abroad. Sen. Richard Shelby's proposal to raise the asset threshold for systemically important banks would put that ability in jeopardy.

Community banks are being crushed by burdensome rules and regulations. Policymakers should recognize their plight and scale back Dodd-Frank.

The central bank appears to believe the U.S. economy remains so fragile that it cannot withstand the mildest of rate increases. There's no better testament to the inefficiency of the Fed's monetary policies.