payday lending Archives

consumer credit, consumer loans, financial inclusion, payday lending, student loans

Banking Regulation, Financial Innovation, Financial Markets, News

Financial Inclusion without Finance? The Misguided Quest to Limit Choice in Consumer Credit

Diego Zuluaga/October 24, 2019January 2, 2020 /3 Comments

On October 21, I had the pleasure to give the research keynote address at the annual conference of the Financial Services Centers of America (FiSCA) in Miami. Below are my remarks, in which I critique some policymakers' attempts to promote financial inclusion by restricting consumer choice and…

CFPB, financial innovation, permissionless innovation, consumer finance

Banking Regulation, Events, Financial Innovation

Why Bans Will Not Encourage "Responsible Innovation"

Diego Zuluaga/February 25, 2019February 25, 2019 /1 Comment

Two recent announcements by the Consumer Financial Protection Bureau have proponents of increased financial regulation up in arms. The first is the Bureau’s expansion of its no-action letter policy to include a regulatory sandbox. A sandbox is a program which allows firms to offer new products under…