Powerful politicians can interfere with the enforcement of regulations. As such, expected political interference affect constituents’ behavior. Using rotations Senate committee chairs to identify variation in power and regulatory relief, we study powerful politicians’ effect on consumer lending communities protected by fair-lending We find a 7.5% reduction credit access minority neighborhoods s...

This study provides new evidence on the impact of Community Reinvestment Act (CRA) mortgage lending by taking advantage an exogenous policy shock in 2014, which caused significant changes neighborhoods’ CRA eligibility Philadelphia market. The loss coverage leads to over 10% decrease purchase originations CRA-regulated lenders. While nondepository institutions replace approximately half, but no...

Since the passage of the Health Information Technology for Economic and Clinical Health (HITECH) Act provisions included in the American Recovery and Reinvestment Act (ARRA) in February 2009, the government has released three sets of statutorily required regulations: one addressing breach notification requirements for protected health information (PHI) and two addressing Medicare and Medicaid i...

a stochastic frontier cost function indicates that the annual cost of complying with the anti-redlining Community Reinvestment Act (CRA) is $171,000 per thrift institution, roughly 2.3 percent of variable costs. But compliance cost is significantly less than the estimated 21 percent cost inefficiency. Based on published estimates of the incremental number of mortgage loans induced by CRA, the m...

I.1. Can one find in the classical authors solid reasons in support of the thesis that growth is determined by the reinvestment of full-utilization savings, or, that recessions are not due to deficiencies of aggregate demand, or again, that 'general gluts' are impossible; in other words, in support of Say's Law? This is the question motivating the present paper; the inquiry here will be ho weve...

The American Recovery and Reinvestment Act (2009) promised strict accounting of all funds spent and the publication of that information to the public in relative real-time. The federal requirements for reporting Recovery Act funds relied heavily on the ability of recipients, primarily state governments, to capture, manage, and deliver the data required. This paper presents the experience of one...