Three Problematic Truths About the CPFA Act of 2009
Politics • September 2009 • Views: 810
(1) The CFPA is premised on a flawed understanding of the financial crisis.
(2) The CFPA will have significant unintended consequences, including but not limited to reducing competition, consumer choice, and availability of credit to consumers for productive uses;
(3) The CFPA creates a powerful bureaucracy with undefined scope, risking expensive and wasteful regulatory overlap at both the federal and state levels without any evidence of its own expertise in the core areas it is designed to regulate.