News Release
Report: APR Calculation Misleading as Applied to Short-Term Loan Costs
A new Competitive Enterprise Institute report criticizes efforts by lawmakers and activists to impose a cap on small-dollar, short-term loans based on a hypothetical…
Study
The Annual Percentage Rate Is the Wrong Metric for Assessing the Cost of a Short-Term Loan
Think calculating the cost of a loan is simple? Not under the longtime rules of the federal government and many states. Consider the following recent…
News Release
Senate Defeats Effort to Undo Reforms to 1977 Community Reinvestment Act
Senate Democrats tried unsuccessfully tonight to undo recent reforms made to the 1977 Community Reinvestment Act. CEI financial policy expert Matthew Adams explains why the…
Blog
FinCEN Files Shows Regulatory and Privacy Concerns with the Bank Secrecy Act and the Necessity for Reform or Repeal
Last month, BuzzFeed News published an investigative report that alleged that banks sat on their hands while criminals laundered trillions of dollars over the…
Blog
Fed’s Community Reinvestment Act Reform Proposal Is a Step in the Wrong Direction
Last month, the Federal Reserve released a preliminary proposal to update the Community Reinvestment Act (CRA). The Fed’s proposal, spearheaded by Obama-appointed Fed Governor Lael…
Blog
New CFPB Reports Find Consumer Credit Resiliency During the COVID-19 Pandemic
Recent research from the Consumer Financial Protection Bureau (CFPB) has found that consumers have not experienced significant increases in negative credit outcomes as a result…