Showing posts with label Gramm-Leach-Bliley Act of 1999. Show all posts
Showing posts with label Gramm-Leach-Bliley Act of 1999. Show all posts

Thursday, July 27, 2017

Peter J. Wallison — Why are we still separating banking and commerce?


What could go wrong with allowing big business to generate the unit off account "out of nothing" in addition to banks?

The push is on to erase the line between banking and fintech.

The American Banker
Why are we still separating banking and commerce?
Peter J. Wallison, senior fellow at the American Enterprise Institute and former general counsel of Treasury between 1981 and 1985