Since its inception in mid-1800s, insurance regulation in the U.S. has continued to evolve in response to changing circumstances and the opportunity to take advantage of new methods and technologies. Important developments in insurance regulatory policies and practices at an international level,...

In the debate over the proposed establishment of a new Consumer Financial Protection Agency, much attention has been given to discussion of whether consumers are irrational or incompetent and therefore need paternalistic regulators to look after them, and whether inadequate consumer protection...

This Policy Brief identifies ten flaws in the Affordable Care Act (ACA) and proposes a series of remedies based on repeal and/or alteration of the legislation as it exists. This paper tackles perceived flaws in 1) individual and employer mandates; 2) ACA subsidies; 3) incentives that steer...

In recent years, as workers have gained an unprecedented degree of control over their pensions and savings, the importance of financial literacy and financial education has increased considerably. Large changes in the structure of financial markets, labor markets, and demographics in developed...

An intense debate over the choice of regulatory authority, e.g., state vs. federal regulation, continues in the U.S. The debate not only exhibits the diversity of political and economic interests of various groups such as the federal government, state governments and the NAIC, insurance...

Officials must show that they understand why and how the public's confidence in the federal government's ability to manage financial turmoil was lost. Leaders of the Treasury, Federal Reserve, and the U.S. Securities and Exchange Commission must face up to their institutions' roles in an...

Since passage of the Economic Stabilization Act of 2008, the government has been explicitly and implicitly regulating the compensation of top managers at a number of U.S. banks. In addition, bank regulators have added evaluations of bank management compensation packages to the list of factors...

In recent years, the need for financial education has gained the attention of a wide range of entities including banking companies, government agencies, grass-roots consumer and community interest groups, universities, schools, and other organizations. Numerous factors have led to a complex,...

Building on the literature emphasizing banks’ monitoring functions, recent contributions to the literature examining the effects of capital regulation have focused attention on the influences of capital requirements on bank incentives to monitor loans for moral hazard risks. Empirical evidence...

The history of regulation in America is as old as the republic itself. Since colonial times, Americans have struggled with the conflict between the desire for individual freedom and economic growth, and the need for rules and structure in a civil society. The evolution of the United States from...