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    Consumer "Watchdog" Tailing Consumers

    Many Americans are understandably unsettled by news reports about the National Security Agency’s widespread monitoring of telephone and Internet traffic. Attracting far less attention is the rampant snooping of a more personalized nature carried out daily by the Consumer Financial Protection Bureau (CFPB). The two-year-old agency created by the Dodd–Frank … More

    Will Stay-at-Home Moms Be Allowed Credit Cards Again?

    Much has been discussed on the “war on women” this presidential debate season, and yet we haven’t heard much about those rules made in Washington that actually hurt women in very real ways. One such rule denied stay-at-home moms access to their own credit cards. A proposed amendment finally seeks … More

    Blame Dick Durbin for Bank Fees

    Bowing to competitive pressures, Bank of America yesterday scrapped plans to impose a monthly debit card fee. The proposed charge antagonized customers and provoked vitriol from politicians all too eager to deflect blame for the dumb regulations that prompted the fee in the first place. But as much as one … More

    Credit Card Regs No Credit to Congress

    Who said the 111th Congress has never accomplished anything? Today, major parts of the Credit Card Act of 2009 take effect. Enacted last May with great fanfare, the legislation restricts rate increases on existing balances, requires promotional rates to last at least six months, limits over-limit fees, mandates 45 days … More

    No Credit to Congress: House Judiciary Committee Votes on Price Controls

    In 1979, Robert Schuettinger and Eamonn Butler wrote a book called “Forty Centuries of Wage and Price Controls,” detailing 4,000 years of disastrous attempts by government to control market prices. Tomorrow, the House Judiciary Committee will vote on adding a 41st century to that litany of failure. The target: credit … More