Overregulation

Under Chairperson Lina Khan, the Federal Trade Commission (FTC) has consistently used speculative consumer harms to justify regulatory actions. Unfortunately, these actions often stop mergers that would have improved consumer wellbeing and promoted greater innovation. Making these regulatory actions worse, the agency has too often used dubious justifications and novel theories, even overruling their ...

Board members of the Federal Deposit Insurance Corporation (FDIC) are aptly demonstrating Einstein’s maxim that “bureaucracy is the death of all sound work”. In this case, the board is considering an expansion of the FDIC’s regulatory reach that would impose more costs on asset managers and the millions of Americans ...

To a hammer, everything is a nail, and so it is with California’s Department of Financial Protection and Innovation (DFPI). Don’t let the “innovation” in the agency’s name fool you – far too many of its regulations deter rather than promote innovative solutions as evidenced by the agency’s recent stance ...

Like wreckage following a tornado, California’s effort to eliminate gig work trailed Julie Su as she failed upward from the state’s Labor and Workforce Development Agency secretary to Washington, where she’s the acting labor secretary. In her previous capacity, Su was a hardline supporter of California’s Assembly Bill 5, which ...

Starting on April 1, fast food restaurant chains that have at least 60 locations across the country must pay their workers a minimum of $20 an hour to comply with the minimum wage increase legislation passed and signed last year. But that’s not the end of it. Under Assembly Bill ...