The Mortgage Bankers Association’s slow, self-serving defense of the 30-year mortgage proves that lifetime debt, not homeownership, is the product they’re really selling.
Tag: credit access
A so-called “consumer protection” agency became a case study in regulatory excess and misplaced praise.
This guest commentary was written by Ed Harris, CEO of Harris Northwest Advisors and a Visiting Contributor at the Southwest Public Policy Institute. In his argument about APR, Patrick Brenner is wrong but inadvertently correct on a larger point he doesn’t address. An APR calculation is mathematically accurate. Most fixed-rate 30-year mortgages are priced similarly, […]
Capping overdraft fees won’t help struggling families, it will cut off their last line of credit.
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American Banker: Out of One, Many
As CFPB retreats, the new danger is a jumble of state-level mandates.
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Out of One, Many
Why banks, payment networks, merchant servicers, and financial firms will face a harder four years, and what to do about it.
For exceptional achievement in ignoring market realities and promoting policies that backfire spectacularly.
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Report: Black Market Payday
How government price controls created an illicit supply of emergency credit.
The CFPB’s outdated rule on small-dollar lending punishes working-class Americans by restricting access to the very credit they rely on to make ends meet.
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An Overdue Course Correction at the CFPB
Acting CFPB Director Russ Vought’s rollback of state enforcement overreach marks a critical return to legal restraint, restoring constitutional balance and regulatory clarity to America’s financial system.