The Consumer Financial Protection Bureau (CFPB) ostensibly exists to protect consumers. However, its recent actions raise serious concerns about whether its policies truly serve the best interests of the public. This is particularly evident in CFPB Chair Rohit Chopra’s eleventh-hour decision to cap overdraft fees charged by banks to account holders with negative balances. […]
The CFPB Serves Moral Hazard, Not the Public Read More »
Every so often it’s worth reminding readers what a miracle shopping is. Would-be buyers walk into businesses staffed by employees and owners who haven’t a faint clue about them, only to emerge from those same businesses with the goods and services they desire. These transactions are increasingly made possible by credit-card providers. Stop and
Price-Controlled Credit Cards Would Be Brutal for Retailers Read More »
There’s a price for every good and service. Always and everywhere. This is a notable point at the moment, and in light of the never-ending talk about whether home insurers will or will not continue to write policies in states like Florida. At first glance, looming exits read as very simple: hurricanes of the
Price Controls (Not Global Warming) Drive Insurers Out of Florida Read More »
