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Testimony On "Internet Gambling: Is There A Safe Bet?", Kurt Eggert
Testimony On "Internet Gambling: Is There A Safe Bet?", Kurt Eggert
Kurt Eggert
This Congressional testimony discusses the possible legalization of Internet gambling in the United States, and the need for adequate consumer protection if online gambling were legalized. The testimony begins by discussing the importance of consumer protection in the gambling industry and the relative lack thereof in current casino regulation. A basic element of consumer protection for slot machine play would be mandating that slot machines display the hold percentage for that slot machine, with an interactive display that would change as the hold percentage changes. The testimony discusses how consumer protection, which focuses on giving recreational gamblers the tools they …
Dodd-Frank, Regulatory Innovation, And The Safety Of Consumer Financial Products, Melissa Jacoby
Dodd-Frank, Regulatory Innovation, And The Safety Of Consumer Financial Products, Melissa Jacoby
Melissa B. Jacoby
Among the many parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act, few have received as much mainstream attention as the creation of the Bureau of Consumer Financial Protection. As is often the case with legislation in recent years, though, some of the most vocalized critiques of the Bureau lack a foundation in Dodd-Frank as enacted or in the Bureau’s start-up efforts. This brief essay explores the nature of the Bureau and its promising possibilities for regulatory innovation that should transcend stale debates about regulatory overreach or command-and-control approaches. This commentary also reviews the unusual dialogue preceding Dodd-Frank …