Stripping away government regulation of banking would help both consumers and businesses. Consumers would be able to obtain a mix of financial services tailored to their individual needs for less cost and with greater security than is currently the case. Businesses could more easily acquire loans, insurance, and capital, all necessary for operating in a more competitive and integrated world economy.

But those benefits will only be realized if government steps aside and allows banks and customers to manage their own affairs. Financial institutions in other countries often are freer than those in America, putting many foreign firms at a competitive advantage over American ones. It is time to establish a level playing field by removing counterproductive regulation of American banks.

More on Financial Regulation


The SEC Can’t Keep Kik-ing the Crypto Can Down the Road

By Diego Zuluaga. CoinDesk. June 5, 2019.

The Sanders-AOC Protection for Loan Sharks Act

By Todd Zywicki. Real Clear Policy. June 2, 2019.

AOC and Sanders’ Credit Card Interest Rate Cap Would Be Disastrous

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Cato Studies

For Richer, for Poorer: Bankers’ Liability and Risk-Taking in New England, 1867–1880

By Peter Koudijs, Laura Salisbury, and Gurpal Sran. Research Briefs in Economic Policy No. 148. January 30, 2019.

More Legislation, More Violence? The Impact of Dodd-Frank in the Democratic Republic of the Congo

By Nik Stoop and Peter van der Windt. Research Briefs in Economic Policy No. 145. January 9, 2019.

The Impact of the Dodd-Frank Act on Small Business

By Michael D. Bordo and John V. Duca. Research Briefs in Economic Policy No. 129. September 5, 2018.


A Chip off the Old Block or a New Direction for Payment Card Security? The Law and Economics of the U.S. Transition to EMV

Todd Zywicki. Michigan State Law Review. Vol. 2,018. No. 4. 2019.

Of Mergers, Government Meddling, and Chocolate

Thomas A. Firey. The Library of Economics and Liberty. September 19, 2018.

Bank Regulation: An Existential Threat

Steve H. Hanke. International Monetary Review. Vol. 4. No. 4. October 2017.


Financial Inclusion: The Cato Summit on Financial Regulation

Featuring George Selgin, Lydia Mashburn, Dan Quan, Diego Zuluaga, & Todd Zywicki. June 12, 2019. Conference.

Promoting Fintech Innovation and Consumer Choice: The Role of Regulatory Sandboxes

Featuring Diego Zuluaga, Todd Zywicki, Conan French, Paul Watkins, & Eric Mogilnicki. January 17, 2019. Policy Forum.

36th Annual Monetary Conference: Monetary Policy 10 Years after the Crisis

Featuring Peter Goettler, George Selgin, James A. Dorn, Lydia Mashburn, Rep. Jeb Hensarling, Phil Gramm, Claudio Borio, Josh Zumbrun, Stephen D. Williamson, Peter Ireland, Tobias Adrian, Vincent R. Reinhart, Ylan Mui, Michael D. Bordo, Joseph E. Gagnon, David Beckworth, John A. Allison, Jeffrey M. Lacker, Scott Sumner, & Jeffrey Frankel. November 15, 2018. Conference.