Search Results
Journal Article
Brochure helps consumers understand credit laws
Journal Article
Policy update: New laws protect social media privacy
Related links:https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2012/q4/policy_update_weblinks.cfm
Speech
Plosser defines key issues in financial reform : remarks to the Joint Economic Committee Staff Meeting, U.S. Congress, May 5, 2010.
In remarks at a meeting of the Joint Economic Committee, President Charles I. Plosser discussed the importance of implementing regulatory changes that would help to avert financial crises in the future.
Journal Article
Policy update : Tribes seek Uncle Sam's seal of approval
Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2011/q4/policy_update_weblinks.cfm
Discussion Paper
The Credit CARD act of 2009 and prepaid cards
Recently enacted federal legislation contains a number of provisions that will affect the prepaid card industry. This note highlights some of these provisions, discusses how they might shape the prepaid card industry, and outlines the debate over whether prepaid cards should be defined as "monetary instruments" under federal law.
Discussion Paper
Legislative responses to data breaches and information security failures
On July 23, 2008, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a workshop to discuss federal and state legislative responses to data breaches. The workshop addressed several laws and legislative initiatives designed to create greater safeguards for personal consumer information frequently targeted by data thieves and often subject to the failures of information security protocols. Diane Slifer, J.D., M.B.A., who has frequently presented at forums on data security and has represented clients in matters related to data breaches, led the workshop. Slifer examined ...
Speech
Lessons of the crisis: the implications for regulatory reform
Remarks at the Partnership for New York City Discussion, New York City.
Speech
The U.S. financial system: where we have been, where we are and where we need to go
Remarks at the Reserve Bank of Australia's 50th Anniversary Symposium, Sydney, Australia.
Working Paper
Did bankruptcy reform cause mortgage default rates to rise?
This paper argues that the U.S. bankruptcy reform of 2005 played an important role in the mortgage crisis and the current recession. When debtors file for bankruptcy, credit card debt and other types of debt are discharged - thus loosening debtors' budget constraints. Homeowners in financial distress can therefore use bankruptcy to avoid losing their homes, since filing allows them to shift funds from paying other debts to paying their mortgages. But a major reform of U.S. bankruptcy law in 2005 raised the cost of filing and reduced the amount of debt that is discharged. The authors argue ...