Banks have long relied on a number of funding sources, including equity capital, non-brokered and brokered deposits, and other liabilities, to make various types of loans and investments. And for almost as long, bank regulatory authorities have imposed various restrictions and costs on those...

Consumer financial markets do not always operate efficiently and fairly. Well-designed regulations can help enhance market efficiency and fairness without imposing undue burdens. Such regulations benefit consumers, responsible firms, and society more broadly. This report is a step in an effort...