Consumer Financial Protection

William Cohan, writing in The New York Times, objected to the federal government’s consumer protection efforts in the Dodd–Frank Wall Street Reform and Consumer Protection Act, including the creation of the Consumer Financial Protection Bureau. Explain why Cohan and other critics would object to the government’s efforts to protect consumers from “devious credit-card companies” and “dishonest mortgage lenders.”

Why is it hard to measure operational risk

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