The benefits from a tight labor market are easy to see—the U.S. economy continued to add jobs at a pace of 400,000 per month for the past three months, which is remarkable considering the low number of people looking for work. Today, most people who want to work can find a job, and wages and salaries have risen faster than they have in decades.
Regulations could also encompass the institutions’ disclosure policy, its privacy policy and its following of other proper procedures. Many institutions are now announcing very strict disclosure and privacy policies and extending these policies to stored-value products should be straightforward.