by Editor | Mar 22, 2021 | Recent News - Tom Miller
Why is the Senate allowing the Consumer Financial Protection Bureau (CFPB) to drift away from Senator Elizabeth Warren’s original vision of a data-driven agency “with research at the core of all of its work?” Prudent regulators should not make policy based on mere...
by Jeremy Webster | May 14, 2019 | Mercatus Center Publications
We appreciate the opportunity to respond to the Bureau of Consumer Financial Protection’s (Bureau) proposed rule governing payday, vehicle-title, and certain high-cost installment loans. The Mercatus Center at George Mason University is dedicated to bridging the gap...
by Editor | May 10, 2019 | Recent News - Tom Miller
I. Introduction All financial regulations should be grounded firmly in empirical research. The reach of federal rules is too large not to proceed with extreme care and caution, particularly if rules disproportionately affect economically vulnerable Americans....
by Jeremy Webster | Apr 24, 2019 | Mercatus Center Publications
Millions of Americans rely on small-dollar, non-bank-supplied credit products: payday, pawn, vehicle title, and personal installment loans from finance companies. Many features of these vital products, however, are not well understood. This book contains explanations...
by Jeremy Webster | Mar 27, 2019 | Mercatus Center Publications
Recently the Consumer Financial Protection Bureau (CFPB) proposed to reexamine the role of payday lenders, which are consistently cast as the villains of the financial industry. Such a depiction makes it easy to forget that these lenders are helping millions of...
by Jeremy Webster | Mar 19, 2019 | Mercatus Center Publications
Thomas Miller writes on a new regulatory proposal by the Consumer Financial Protection Bureau regarding payday lenders. Read more at Mercatus.org
by Jeremy Webster | Dec 12, 2018 | Mercatus Center Publications
New and returning members of a soon-to-be divided Congress might be tempted to heed the words of the late Sen. Russell B. Long (D-La.), who once summed up tax reform nicely: “Don’t tax you. Don’t tax me. Tax that fellow behind the tree.” Read more at...
by Jeremy Webster | May 25, 2018 | Mercatus Center Publications
In my opinion, quantitative, not qualitative, analysis should underpin nearly all the endeavors of the Office of Research. The Academic Research Council has not fulfilled its original purpose. I base my opinion on a preliminary analysis of the published output of the...
by Jeremy Webster | Mar 19, 2018 | Mercatus Center Publications
Are credit cards going away in five years in favor of new payment technologies or new ways to transfer funds? Not likely. For most Americans, plastic credit cards are an example of “low tech, good tech.” Read more at Mercatus.org
