Items tagged with regulation:
News & Updates:
Amidst the recent buzz around breaking up large tech companies, Professor Herbert Hovenkamp comments on how suits may not be brought by regulators unless they know they can win.
In a discussion on Philadelphia’s recent cash-less policy ban, Professor Cary Coglianese said, “Concerns about equitable treatment — namely, ensuring access to services to all individuals, regardless of their economic status or access to banking services — should presumably apply even more strongly to the public’s interaction with their government.”
In an article discussing the disparity of access and use to credit cards between white consumers and black adults, the authors cite Professor Lisa Servon’s argument against recent Congressional bills focused on regulating interest rates, which she reasons actually hurt the individuals it was designed to protect.
US government is struggling to regulate large US tech companies; China and Mexico, two largest sources of US imports, have shown that they are willing to negotiate with the US over trade issues; Congress is facing a number of fiscal deadlines as they come back into session on Monday; The Institute for Supply Management’s manufacturing index fell by 0.7% since last month, from 52.8% to 52.1%; US construction spending was flat in April, signaling that the housing market is not expanding.
Trump’s infrastructure plan remains at an impasse; Trump administration is expected to oppose legislation targeting harmful chemicals entering water supply; Major index finds that average home prices in major metropolitan areas in the US have increased 3.7%; Consumer confidence has hit a 6-month high.
July 19th, 2019
1:00pm - 2:30pm:
The Future of Marijuana Banking
A recent market intelligence report asserts that the U.S. cannabis market will approach $23 billion in sales by 2023. But the full economic benefits of that growth, particularly with respect to the raising of significant tax revenues, cannot be had unless the way is cleared for giving cannabis-related industries access to traditional banking services. Professor Peter Conti-Brown of the Wharton School, whose areas of expertise include financial regulation, administrative law, and central banking, will discuss possible pathways forward, focusing on what actions Congress and the various financial regulators, including the Federal Reserve, could take in navigating between state sovereignty vs. federal marijuana enforcement, as well as balancing the desire for reaping the rewards of a growing industry against the need to root out bad actors.