Category Archives: Public Policy: Regulation

Reforming the Reform

Reforming the Reform Two years after the passage of the Dodd-Frank Act, both sides of the aisle can agree that the law is in need of some vast improvements. On July 21, the Dodd-Frank Act (DFA) will pass the two … Continue reading

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A few minutes with Kurt Wilhelm, Director of the Financial Markets Group, the OCC

On Wednesday, April 25th the Roundtable will host its inaugural “Soup and Sandwich with a Regulator”, an opportunity for Roundtable members to discuss key topics with industry regulators. The first guest speaker in this monthly series will be Kurt Wilhelm, Director of the Financial Markets Group … Continue reading

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Good Governance: The Case for a Consumer Commission

Consumer protection would be strengthened by a five-member board Good governance is the norm, and it is how the Consumer Financial Protection Bureau ought to be run.  Speculation about who will be confirmed as the first Director and what qualifications … Continue reading

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Reuters Reports: MasterCard’s McWilton sees fatal flaw in fees legislation

Direct from Reuters: MasterCard’s President of U.S. Markets Chris McWilton says consumers will be on the hook for an additional $14 billion dollars in the form of higher payment transaction fees on account of the Durbin Amendment to Dodd-Frank. Watch … Continue reading

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What Congress is Saying About the Debit Card Rule

“If there’s one thing that I hope you will take from this hearing this morning, it is that a delay in the implementation of this rule is definitely in order. Several of my colleagues have asked would that be a … Continue reading

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Unjustified Price Fixing By The Federal Reserve On Debit Card Fees

Economists often use the word “collusion” when they define price fixing.  Price fixing is “inefficient,” they charge and almost never good for the buyers or sellers of a product or service unless they are the ones artificially fixing the prices … Continue reading

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Bi-Partisan Support For Changes In Fed’s Proposed Debit Card Fee Rule Starting To Grow

The Federal Reserve’s proposal to price-fix the fee banks charge retailers when their customers pay for a purchase using a debit card is doing something that few other issues seem to be able to do these days – bring Republicans … Continue reading

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President’s Executive Order on Regulatory Balance is a Positive Step forward.

President Obama made big headlines this morning when he revealed in the Wall Street Journal his plan to issue an executive order mandating that federal departments and agencies review regulations to reduce the burden on business.  The President said his executive order will require federal … Continue reading

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More Red Flags On The Fed’s Interchange Fee Proposal

I’ve posted about this before (here and here for example) but we now have more information about how the Fed-proposed price controls will hurt consumers and merchants alike.  The bottom line: Some consumers are likely to find that some of the services they have … Continue reading

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Unintended consequences of credit card regulation

Professor Todd Zywicki at the George Mason University School of Law makes a a number of good points in the Wall Street Journal about how new federal limits on credit-card issuers have forced more Americans to go to payday lenders, pawn shops and local loan sharks in order to get credit. Continue reading

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