New Orleans Like a modern version of the 12 days before Christmas, I think we could all start listing a daily beating we are taking from business, government, or both. Yesterday news came out that a fair chunk of the $26 billion settlement with banks over their home mortgage scandals and abuses with the state …
Tag: Consumer Protection
Elizabeth Warren Can Work on the Outside
New Orleans Finally to the surprise of no one, President Obama whispered over the weekend that he would not be appointing Professor Elizabeth Warren to run the newly created Consumer Financial Protection Bureau. Someone will do the job, and if Warren has spent her last year in the setup profitably, it would seem …
Debit Charges and Senate Hucksters
New Orleans The Dodd-Frank Financial Reform Act called for the Federal Reserve to put an end to the debit card surcharge padding when that retailers were paying to banks and credit card companies, usually amounting to 44 cents a transaction. New Fed proposals would cap the amounts at 7 to 14 cents, about an 80% …