Recentering the Federal Reserve’s Removal Power
Scholars advocate the greater exercise of the Fed’s unique removal power.
CFPB Targets Illegal Junk Fees
New CFPB guidance puts banks on notice that unfair business practices may be met with enforcement action.
Is the United States Over Overdraft Fees?
Experts discuss the regulation of bank overdraft fees.
Limiting Interest Rates Without Limiting Access to Credit
Setting caps on interest rates can lead to unintended, negative consequences for borrowers.
Returning Morality to Small Dollar Lending
Scholar argues that policymakers should reexamine usury laws and introduce public banking to combat payday lending.
Replacing the World’s Most Important Number
Replacing the primary international interest rate poses risks, but policymakers are ready for the challenge.
The Cowboy State Tames Bitcoin’s Regulatory Wild West
Wyoming’s first cryptocurrency bank may herald a new era of U.S. cryptocurrency regulation.
Can Public Banking Save the Postal Service?
Policymakers say that postal banking could offer financial support to underserved people while saving an American institution.
Climate Change Stress Testing
The Fed is beginning to consider policy responses to climate change.
A CBO for Racial Inequality?
A new oversight agency should monitor the Federal Reserve’s efforts to reduce racial inequality.
Small Businesses of Color Matter Too
Minority-owned businesses are vital to economic growth, but discriminatory lending hinders access to credit.
It Is Time for the Fed to Stop Bank Shareholder Payouts
The Federal Reserve should order banks to preserve capital by retaining earnings and halting all shareholder payouts.