Pennsylvania’s SNAP Asset Test Will Backfire
The test will be expensive and discourage efforts to become financially independent.
FHFA Proposes New Strategy for Fannie and Freddie
Agency seeks housing stability while decreasing government involvement.
Mortgage Servicers Agree to Largest Civil Settlement Ever
Lenders agree to $25 billion settlement with federal and state governments.
FTC Stalls Omnicare/PharMerica Merger
Antitrust complaint filed against pharmaceutical industry deal.
FHFA Publishes Proposed PACE Rule
Proposed rule may make it harder for homeowners to obtain energy-saving loans.
Regulating Systemic Risk
PPR seminar speaker argues that financial regulation cannot eliminate systemic risk.
GAO Says Dodd-Frank Rulemaking Should be Improved
Financial regulation needs more rigorous analysis and better interagency communication.
Consumer Choice and the Consumer Financial Protection Bureau
Whether government should prevent consumers from making mistakes remains an open question.
FCC Staff Report Finds AT&T/T-Mobile Merger Contrary to Public Interest
AT&T calls report “obviously one-sided” and questions whether its authors were “predisposed.”
Judge to SEC: The Court Is Not Your “Handmaiden”
Judge Rakoff rejects Citigroup deal and questions SEC’s settlement practices.
Google Draws Attention of Senate Subcommittee
Internet executives and antitrust experts discuss the need to regulate Google.
The Costly Effects of Regulatory Burdens
Countries should follow the North American lead in requiring cost-benefit analyses of new regulations.