Showing posts with label consumer protection. Show all posts
Showing posts with label consumer protection. Show all posts

Tuesday, January 22, 2019

U.S. Presidents Buckle at Constraints: The Case of Obama's Recess Appointments

A constitutional system of checks and balances is premised on the assumption that government officials will seek to get as much power as they can. Constraint itself becomes a dirty word. Admittedly, the desire to resist or ignore constraints may be in human nature itself, though people differ in how much self-discipline they will bring to the task of restraining themselves from walking through constraints as if they were Chinese walls made out of paper. A constitutional system that checks ambition with ambition must not assume that some of the more beloved elected representatives can be relied on to resist the temptation to go too far. I have in mind the case of the U.S. president being able appoint officials without the confirmation by the U.S. Senate.

The full essay is at "Presidents Buck Constraints."

Monday, July 21, 2014

GM’s CEO: Ridding GM of Its Dysfunctional Culture or Enabling It?

Has GM's CEO, Mary Barra, been behind a "new GM," or has she actually been protecting the old guard?

The essay is at “GM’s CEO”

Friday, April 13, 2012

Banks Coopting the Consumer Protection Agency

According to the Credit Card Act, which took effect in February 2010, credit-card issuers cannot charge fees equal to more than 25% of the borrower’s credit limit in the first year after the account is opened. A question confronting the Consumer Financial Protection Bureau was whether up-front fees charged before the account is open count toward the limit. The new agency decided against subjecting such fees to the limit. The question is why.