CFTC is something else. But leaving that aside, Bookings is a European company and does lots of business outside of America. So it would take regulations across many countries to stop abuse.

think you mean the FTC.

It does make you wonder, given how much investment fraud targets regular people, whether there is considerable overlap between the target surface area of the FTC and what was the CFPB.

CFPB was created in part because of the failure of the FTC during the financial crisis. I’d suspect this specific issue would still be more under the remit of FTC, but no need for pedantry on the overall point. Sad to see enforcement agencies decimated — expect more of this.

I meant CFPB. Thank you for alerting me to the error.

Ah yes, the libertarian paradise where the hotel industry curb-stomps competition through government sponsored regulatory capture by pretending to be "concerned long-term renters and locals" and lobbies for all sorts of licensing and regulation of airbnb and homeowner rentals. They don't want anyone stomping on their fiefdom and forcing them to offer competitive benefits like cancellation.

You described the later-day libertarian paradise quite well. The core libertarian believes lead exactly there.