Should the regulators be approving credit models based on whether they are happy with the results? What happens if another credit scoring metric produces different or less favored results: does that metric become illegal to use without regard to the process of its production or its accuracy?

Big data raises lot of important social/moral questions; and "disparate impact" is one of the more complex ones. For some background discussion of "big tech," "big data" and credit scoring, see ",…

It does not seem like a friendly crowd.

It is unfortunately unremarkable that while the creators of Dodd-Frank were tasked with considering the potential consequences of their gargantua, they overlooked some potential flaws. Kudos, on the other hand, to Mr. Pirrong and his independent and objective analyses. Here are some additional in which Mr. Pirrong's Cassandra-like views on central clearing were reviewed.

Firms should consider how they would develop Regulation Best Interest compliance procedures that take account of the different features of traditional and non-traditional ETFs.