The banking lobby’s bad faith campaign to kill the Clarity Act will backfire
The banks' arguments against the Clarity Act are not rooted in reality, and serve to highlight their own anti-consumer position, says a Columbia professor.
The banks' arguments against the Clarity Act are not rooted in reality, and serve to highlight their own anti-consumer position, says a Columbia professor.
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Why it matters
This is a political/regulatory lobbying dispute without immediate regulatory or structural change; it reflects ongoing advocacy rather than a concrete market or regulatory event affecting credit markets.
Sources
Fortune
The banking lobby’s bad faith campaign to kill the Clarity Act will backfire
The banks' arguments against the Clarity Act are not rooted in reality, and serve to highlight their own anti-consumer position, says a Columbia professor.