Don’t Overestimate the Senate Arbitration Vote

It would be easy to look at the Republican victory in nullifying the CFPB’s mandatory arbitration rule as a sure sign that the political clout of the agency is weakening and that it’s just a matter of time before it’s defanged and powerless. But...

Debating Where Tech Will Take Finance

After the credit crisis of 2008-09, former Federal Reserve Chairman Paul Volcker quipped that the only important innovation the financial industry had come up with in the prior 20 years was the automated-teller machine. Now almost everyone is walking around with a...