Money is only useful if people agree that it can be trusted.
Former BB&T Bank CEO John Allison vs. Moody's Mark Zandi
What could possibly go wrong?
FDIC Attempts to Pressure Banks into Denying Services to Payday Lenders Violates Due Process Rights, Lenders Argue
Lawsuit wants to curb actions like "Operation Choke Point' in which bank regulators discourage banks from servicing certain customers, including gun and ammo dealers.
Plus: why Gary Johnson will be good for the Senate, "toxic culture" at the TSA, the dismissal of an anti-FOSTA lawsuit, and a new economic freedom index.
The PATRIOT Act fell out of fashion-but swap "human trafficker" for "terrorist" and let the civil liberties infringements roll!
Has the bank joined the immigration crackdown, or is this just a case of bad customer service?
The move "highlights the extreme confusion around banking in cannabis."
The Consumer Financial Protection Bureau stays, but Obama-era regulations that suffocated small banks are toast.
In a politicized environment, getting on the wrong side of regulators can be dangerous. Don't be surprised if banks and insurers cave.
Texas Tech University's Robert Murphy vs. Cato's George Selgin at the Soho Forum
Economists Robert Murphy and George Selgin face off at the Soho Forum.
Texas Tech's Robert Murphy squares off against Cato's George Selgin in New York on Monday, April 16.
Federal pot prohibition breeds state socialism.
How do we scale the system for broad use?
Evaluating the current cycle of buzz
BuzzFeed reports federal agencies violating the rules to engage in warrantless domestic snooping of financial information.
Senate Republicans could vote as soon as this week to repeal the CFPB's ban on arbitration clauses.
The Department of Justice says it's shutting down the dragnet program that targeted porn makers, payday lenders, gun shops, and other small businesses.
Silicon Valley Startup Lets Users Move Money Without Government Interference By Turning Their Phones Into Stand-Alone Banks [Reason Podcast]
Q&A with Abra founder and CEO Bill Barhydt on bitcoin as "regulatory arbitrage."
George Selgin vs. Josh Barro at the Soho Forum.
An Ivy League professor went to work in the industry to figure out why so many Americans choose to remain "unbanked."
Banks Flagging Frequent Pharmacy Trips, Bulk DVD Rentals, and Other Ordinary Activity to Turn Over Tips to Government Snoops
All sorts of normal behavior are now triggering financial surveillance as banks try to comply with confused government policies on human trafficking.
Many Americans prefer alternatives to traditional banking.
The DOJ starts to retroactively apply new guidelines for structuring-related forfeitures.
At the Bitcoin/blockchain industry's flagship annual conference, blue chip banks were out in force.
The former speaker of the House can no longer be prosecuted for his real crimes.
"The Obama administration initiated Operation Choke Point to punish law-abiding small businesses that don't align with the president's political leanings," says Cruz.
Big banks needed government help to pull off the heist.
Even people who have committed no other crime can go to jail for trying to maintain their financial privacy.
When the biggest economy on the block gets to write the global rules, foreigners and regular Americans get screwed, elites skate, and hypocrisy rules the day.
Harvard and other elites take aim at any possibility of financial privacy in the name of curbing criminals flashing their big cash.
A federal judge says letting the credit union use the Federal Reserve's payment system "would facilitate criminal activity."
Is turning away marijuana money illegal, or is it legally required?
Plenty of Americans prefer the convenience of banking somewhere large.
And yet, she voted to bail them out and Dodd-Frank is only making big banks bigger. So why the Molly Bloom impersonation?
Many legitimate marijuana businesses are still locked out of the financial system.
Much of the country buys, sells, and makes a living outside official scrutiny