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Tag archives for Financial Regs

One Year Later: Frank-Dodd “Reform” Leaves Fannie and Freddie Intact

You may recall that we have covered the Minnesota angle to the Durbin Amendment to Frank-Dodd to bring light to the price controls and other measures designed to interfere with debit fees. We joined the Competitive Enterprise Institute, Americans for Tax Reform

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The Price-Control Republican Caucus

Updated March 17: The Wall Street Journal picked up the idea of “Republicans for Price Controls” this morning in its lead editorial. They have a great idea: rename the Durbin Amendment the “Payday Lender Empowerment Act.” Price controls do not work. They distort markets and hurt consumers. Period. Unfortunately, the Beltway is attempting to deal with this by “delaying” the law for two years. As the Journal said, “if the law is a bad idea, it won’t be a better idea in two years.” Amen to that.

Are Republican politicians favorably disposed to the free market and non-intervention on the part of the government? Not necessarily. Subsidies for ethanol, for example, are a staple of

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NAACP Sounds the Alarm on Debit-Card Fee Caps

The Wall Street Journal reports that the NAACP has joined the chorus of critics of the “Durbin Amendment” which directs the Fed to put price controls in place for debit-card fees.

“We are especially concerned about the potential impact the proposed rule could have on the ability of low- and moderate-income consum

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