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Democratic Witnesses Oppose Interest Rate Cap
American Banker ran a piece last week on a proposed law to impose an interest rate cap on small-dollar loans. While the hearing revealed the…
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Antitrust Enforcement in 4-D
Competition is an ongoing discovery process. The reason firms exist is not to enable or restrict competition. It is to reduce transaction costs. There is…
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Trump Wants Less Federal Meddling in Home Energy Use, but Some in Congress Want More
Federal energy efficiency standards have a long history of unintended adverse consequences, from more expensive light bulbs with questionable light quality to dishwashers that take…
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HHS Price Disclosure Rule Will Not Make Medicines More Affordable
In his State of the Union Address, President Trump renewed his commitment to “lower[ing] the cost of health care and prescription drugs” and “requir[ing] drug…
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Interest Rate Caps Harm Financial Inclusion; Bank Partnerships Spread Inclusion Around
The House Financial Services Committee held a hearing last week on small-dollar lending and proposed legislation that would limit the interest rates on such loans.
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This Week in Ridiculous Regulations
The impeachment trial ended the way everyone expected, the State of the Union address happened, and the coronavirus outbreak intensified. Agencies issued new final regulations…