- Obama takes aim at ‘corporate deserters’
- Dick’s Sporting Goods lays off 478 PGA golf pros
- Senators: Cease-fire must allow Israel to defend against rockets, tunnels
- Sierra Leone doctor fighting Ebola catches disease
- Iraq welcomes Russian fighter jets, helicopter gunships into ISIL fight
- John McCain laments: Obama’s ‘self-pity … is really kind of sad’
- GOP offer to fix VA gives $10 billion in emergency funds
- Paul Ryan offers to repair U.S. economic safety net with a single grant stream
- Kim Jong-un builds bond with Putin: $250M Russia-backed addition to key port opens
- Pope Francis meets Meriam Ibrahim, a Sudanese woman sentenced to death
GROVER: Dismantling overbearing financial reforms
Repeal is unlikely, but they can be taken down brick by brick
Question of the Day
Two senators who voted for debit-interchange price controls in 2010, Republicans David Vitter of Louisiana and Michael D. Crapo of Idaho now oppose them. Urging consumers to call their congressmen would spur more to switch.
Five other senators who voted for the Durbin Amendment are not in the 112th Congress, thanks to vote results and retirement. All were replaced by free-market Republicans.
Other than plucky TCF Financial, banks didn’t try to engage consumers in lobbying Congress during debate over the legislation. Goliath banks were AWOL then but they cannot afford to be so again.
The time to fight for free markets in consumer financial services is now, before the CFPB and debit interchange price caps take root.
Eric Grover is a principal at Intrepid Ventures.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
TWT Video Picks
By Michael Widlanski
Leveling the battlefield to aid terrorists enables evil to fight on
Get Breaking Alerts
- 'We're coming for you, Barack Obama': Top U.S. official discloses threat from ISIL terrorists
- NAPOLITANO: What if our democracy is a fraud?
- Hamas rejects Kerry's call for cease-fire; Fears grow others could join fight against Israel
- Evidence shows Russia firing artillery into Ukraine: Pentagon
- Obama orders Pentagon advisers to Ukraine
- Algerian plane diverted due to storms, second aircraft: 116 missing
- Cutler wins endorsement from gun control group
- 'Straight White Guy Festival' supposedly set for Ohio park
- HUSAIN: Fleeing Iraqi Christians find safe haven at the Shrine of Imam Ali
- CARSON: Costco and the perils of mixing politics and business