Items tagged with regulation:
News & Updates:
Wharton’s John Paul MacDuffie and Eric Orts discuss why automakers are pushing for uniform fuel efficiency and emissions standards in the U.S. These businesses have urged Trump to reengage discussions with California to prevent lengthy instability and litigation.
One of the central promises of the Trump administration has been the rollback of regulations on financial institutions that had been put into place after the Great Recession; The Trump administration announced that it secured significant commitments on immigration from the Mexican government, in response to the President’s threat of imposing a 5% tariff across the board on all goods from Mexico; The US government is looking to make it easier for licensed professionals to work across state lines; The number of workers hired by US businesses reached a record high in April.
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.
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.