The Financial Frontier: Financial Freedom, Payday Lending, & "Operation Choke Point"
Regulatory Transparency Project's Fourth Branch Video
Topics: | Administrative Law & Regulation • Financial Services • Regulatory Transparency Project • Financial Services & E-Commerce |
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In 2013, the U.S. Department of Justice decided to investigate banks across the country, looking into the business they did with payday lenders. While payday loans are controversial, they are legal in most circumstances. Proponents of this campaign celebrate the push as crucial for consumer protection. Critics claim it sets a dangerous precedent by unfairly targeting lawful businesses. Jamie Fulmer (Advance America), Chris Peterson (The University of Utah), and Brian Knight (Mercatus Center) explore the questions behind "Operation Choke Point".
A Fourth Branch video in association with Motivo Media.
Visit the Regulatory Transparency Project's website – https://RegProject.org – to learn more, view all of its content, and connect with it on social media.
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