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Tuesday, January 21, 2014

Monetary

News                                                                                                                             
CNN Money | Big banks to stop offering payday-like loans
Several big banks are exiting the small dollar, short-term loan business after federal regulators warned that they would look into whether these high-interest, payday-like loans violate consumer protection laws.

Blogs                                                                                                                             
WSJ | Taming Bubbles is Hard, But Central Banks Can Try: Dallas Fed Paper
Can government officials pop an asset bubble by warning one is forming? New research from the Federal Reserve Bank of Dallas suggests a lot depends on timing and credibility.