Unemployment will be over 10 percent soon, the economy remains fragile, and despite bursts of optimism the recovery looks like it is going to be long and slow. Weighing down on the economy is the fact that many consumers and small business owners are having...
The creation of a new Consumer Financial Protection Agency (“CFPA”) is a very bad idea and should be rejected. The proposal is not salvageable and cannot be improved in substance or in form. The proposal is premised on a fundamental misunderstanding of the causes of...
The United States is in the midst of an important debate about how best to protect consumers of financial services and products. The Administration has proposed the creation of a new agency, the Consumer Financial Protection Agency (CFPA), which would have exclusive rulemaking authority and...
From the perspective of local regulation and local law enforcement, the idea of a “new and improved” federal financial products regulator is generally met with skepticism. After all, the mission of consumer protection in the realm of financial products has been one in which state...
Summary The proposal to create a new agency to police consumer financial products has been the subject of much debate Dr. Bar-Gill sorts out and evaluates the different critiques levied against the proposed CFPA Act, in light of the underlying case for a new agency...
The credit card industry has few friends at the moment. The Credit Card Accountability Responsibility and Disclosure Act of 2009 recently signed into law by President Obama passed the House and Senate with broad bi-partisan support. The vote in the House on the final bill...
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The Effects of the Consumer Financial Protection Agency on Credit and Small BusinessesThe undersigned small business groups are writing to express concern over the creation of a Consumer Financial Protection Agency (CFPA) contained in financial regulatory reform legislation under consideration by your Committee. Get the...
The application wars in the mobile phone business are heating up. They will result in significant threats and opportunities for the payments biz. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...