CFPA Update:

The WSJ has a really sharply-worded attack on the CFPA today and mentions a new Blue Dog Democrat proposal (this is the first I’ve heard of that).

David Evans and Josh Wright have a new paper posted on SSRN on “The Effect of the Consumer Financial Protection Agency Act of 2009 on Consumer Credit.”  I think this is the most thorough academic critique of the proposal to date.

Also, about two weeks ago the Chamber of Commerce published an excellent paper by Tom Durkin on the impact of the CFPA on small business access to credit.  Because many small businesses use “consumer credit” (such as the owner’s personal credit cards) to start and grow businesses, these small businesses would also be affected by the CFPA.

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