Upon Further Analysis — Archives
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The (Supposedly) Favored Status of Home Ownership
An oft-repeated truism is that government grants special treatment to homeowners and favors the housing industry. Discussions of the “housing lobby” inevitably preface with the word “powerful.” But is this truism, well, true? Upon closer inspection, the record is more mixed than many assume. Several government programs and incentives promote home ownership. The government explicitly…
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The Chevron Deference and Banking Regulation
The United States Supreme Court is considering overturning Chevron USA vs. Natural Resource Defense Council, a long-standing precedent that generally defers to an administrative agency’s interpretation of the law. What impact would overturning the Chevron Deference have on banking regulation and supervision? The Chevron Deference The 1984 Chevron case centered on the EPA’s definition of…