April 3, 2020

Congress’ Stimulus Oversight Imperative

Lawmakers must not back down from President Trump’s threat to ignore congressional oversight of the massive Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act.

New York Daily News
January 8, 2020

The Wrong Kicks on Route 36

If the MLA has not helped service members, why extend it? The MLA is a cautionary tale — not a model — for consumer credit regulation. It seems ripe for repeal, not ready to extend to all consumers.

Real Clear Policy
October 23, 2019

If Facebook Doesn’t Launch Libra, Someone Else Should

So long as Congress isn’t ready to consider major changes to current banking legislation and the regulatory burdens it poses, non‐​bank payments innovations like Libra remain one of the few lifelines for the financially excluded.
July 12, 2019

The Case for Market‐​Based CRA Reform

Stakeholders today would probably not enact the CRA as we know it; perhaps we should not even keep it. But at the very least, CRA regulations should adapt to the changing banking landscape.

American Banker
June 27, 2019

Loan Interest Caps Take Credit Away from the Poor

The economic evidence consistently shows that interest‐​rate caps are harmful. They make it harder to approve applicants for credit, because some borrowers’ lack of collateral and high default risk make lending to them under the cap unprofitable.
Orange County Register