Why CFPB's Decisions on Credit Card Fees Reflect a Dangerous Trend in Economic Policymaking
Monday, 18 March 2024, 12:00
Impact of Politicizing Economic Decisions
As the framing of more and more economic issues are politicized, regulators wielding vast power may succumb to political pressures.
CFPB's Decision on Credit Card Fees
Reducing credit card late payment fees raises concerns about the politicization of economic regulations.
Analysis of Consumer Savings Claims
- The $20 billion consumer savings claim may be overstated, as industry lawsuits could reveal.
- Arbitrary restrictions on lenders could harm credit access for those most in need.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.