Tag: Consumer Financial Protection Bureau
Will the U.S. Supreme Court Stop the Federal Financial Protection Racket?

The U.S. Supreme Court will hear a case challenging the federal Consumer Financial Protection Agency, CNBC reports. A California law firm “alleges that the structure of the agency grants too much power to its director, in violation of the Constitution’s separation of powers.” The CFPB director can be removed only for inefficiency, neglect of...
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Is the Largest Cost of Federal Regulation Not Measured? Insights from the (Growing) Wells Fargo Bank Scandal

A widely-cited study by W. Mark Crain and Nicole V. Crain estimates the cost of complying with U.S. government regulations at a staggering $2 trillion per year, an amount equal to 12 percent of gross domestic product. Annual compliance costs average about $10,000 per employee. Businesses in the service sector shoulder the biggest burden...
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Student Loan Forgiveness: Bread and Circuses for the 21st Century

In late June Congress acted to freeze the interest rate on certain college loans at 3.4 percent for an additional year, claiming this move would help make college more affordable. Of course, a relative handful of college students saving a few dollars each month doesn’t translate into college affordability—and the Obama administration knows it....
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