5 Ways "Consumer Protection" Hurts Consumers

Fortunately, there is a better alternative to government regulation. We should look to foster an environment of financial competition that allows institutions to offer superior products while being held to account by rival firms. This will ensure that more consumers can access better quality services at a lower price. Financial regulation does not have to be a zero-sum trade-off between consumers and businesses. A competitive financial services sector ensures that they both serve each another.