A rise in morbidity or fall in longevity in the U.S. population is not a concern only for humanitarian reasons. Workers too ill to perform at their potential represent lost productivity and welfare for society as a whole. Research has shown just such a trend among prime-age non-Hispanic Americans without a college degree.
A new and clearer definition of the information and conduct requirements applying to banks will increase the transparency of their relations with customers and make the latter’s choices better informed. The new rules, especially those concerning conflicts of interest and inducements, will have a major impact on banks’ operations and organization. Effective protection of customers also requires rapid and economical ways to enforce rights.