Samuel Gregg makes some great points in American Banker, “Bankers and Processors Are Not Moral Police.”
- how free do we allow transactions between businesses and customers to be;
- how do we hold people accountable for their free choices;
- how far we should go to protect people from self-destructive behaviors;
- what is the financial sector’s broader responsibility for the common good of a given society; and
- how far can regulators go in making financial institutions fulfill those responsibilities (whatever they happen to be)?
