News Release
Video: Consumer Financial Protection Bureau Doesn’t Protect Consumers, It Harms Them
Today, the Competitive Enterprise Institute released a video that outlines how the Consumer Financial Protection Bureau (CFPB) actually harms consumers rather than “protects” them.
The Washington Times
Trump Signs Legislation to Repeal Obama-era Arbitration Rule
The Washington Times discusses the repeal of the anti-arbitration rule with Iain Murray. President Trump signed legislation Wednesday afternoon repealing the Consumer Financial Protection Bureau’s…
News Release
CEI Praises President, Congress for Stopping CFPB Arbitration Rule
Today, President Trump is expected to sign a congressional resolution of disapproval against a Consumer Financial Protection Bureau rule curtailing binding arbitration, a common form…
News Release
Competitive Enterprise Institute Praises Trump SEC Nominee, Hester Peirce
The Senate Banking Committee today voted unanimously to confirm two of President Trump’s nominees to fill vacant posts on the powerful Securities and Exchange Commission.
Wall Street Journal
VIDEO: Opinion Journal: Arbitration Vote: Lawyers Lose, You Win
Iain Murray, Vice President for Strategy at CEI, joins Mary Kissel of the Wall Street Journal to discuss the repeal of the CFPB’s anti-arbitration rule.
News Release
Senate Stops Harmful CFPB Arbitration Ban
The Senate prevented a cash grab that would have transferred wealth from consumers to the pockets of wealthy attorneys.
Blog
Treasury: CFPB’s Arbitration Rule Falls Short
The Department of the Treasury has released its analysis of the Consumer Financial Protection Bureau’s (CFPB) Arbitration Rule, which bans the use of…
National Review Online
Time for a New Fed Chairman
The establishment is…
Fox Business Network Online
The Consumer Financial Protection Bureau: Hurting Those it Was Designed to Protect?
Fox Business Network Online covers CEI’s “Case against the Consumer Financial Protection Bureau” by Iain Murray. The Consumer Financial Protection Bureau (CFPB) has been a…
Blog
Overcoming Regulatory Barriers to Serving the Underserved
How many people are pushed to the fringes of the banking system by Dodd-Frank regulations? How will the CFPB's new regulations prevent the underserved from…
National Review Online
Consumers Harmed by Consumer Protection Bureau – Again
Yesterday, the Consumer Financial Protection Bureau issued yet another rule that will harm consumers. A new rule on small dollar loans will kill off about…
The Hill
Abolish Financial Protection Bureau Before it Does More Harm
The Hill covers CEI’s “Case against the Financial Protection Bureau” by Iain Murray. With each passing week, the speculation grows that the activist liberal…
Blog
Bank Regulator Report: ‘Arbitration Rule’ on Credit Cards Will Raise Costs on Consumers
A new report from the Office of the Comptroller of the Currency refutes the Consumer Financial Protection Bureau’s argument that its Arbitration Rule will have…
Investor's Business Daily
How Can We Fix The CFPB? Shut It Down
Investor’s Business Daily covers the release of The Case against the Consumer Financial Protection Bureau by Iain Murray. Regulation: The Consumer Financial Protection Bureau’s very…
Foundation for Economic Education
London’s Uber Ban Sends it Back to the Dark Ages
When I lived in London in the 1990s, I had to use pricey Black Cabs to get around the city at night. However, heaven help…
The Daily Caller
Elizabeth Warren’s Consumer Protection Agency Should Be ‘Abolished,’ Says Think Tank
The Daily Caller covers the release of “The Case against the Consumer Financial Protection Bureau.” Consumers are being harmed by the same federal…
National Review Online
The Government Shouldn’t Collect Private Financial Information from America’s Poor
National Review covers a new rule by the CFPB in which they collect personal financial data. One area of agreement, in principle at least,…
Blog
One Solution to the CFPB’s Problems: Pass the Financial CHOICE Act
My new paper, The Case against the Consumer Financial Protection Bureau: Unconstitutionally Structured and Harmful to Consumers, which is out today, makes the case…
News Release
Report: Unaccountable CFPB Regulators Do More Harm than Good for Consumers
Today the Competitive Enterprise Institute released a report documenting the harm inflicted on ordinary consumers of financial products by a federal agency that remains…
Study
The Case against the Consumer Financial Protection Bureau
The CFPB was meant to protect American pocketbooks and property. But the unconstitutionally structured agency is harmful to consumers.
Foundation for Economic Education
People Are Complaining About iPhone X Because That’s How Innovation Works
The iPhone X has not even been released and people are already complaining about it. That shouldn’t be surprising. It is one of the…
Blog
Rideshare Drivers’ Future at Stake in Seattle
Recent events represent an existential threat to ridesharing in Seattle, and put drivers, passengers, and communities at risk of serious harm.
Study
Shrinking Government Bureaucracy
View Full Document as PDF Shrinking Government Bureaucracy is a series of policy proposals by Competitive Enterprise Institute (CEI) experts to rein in…
Foundation for Economic Education
Eventually Amazon Will Fail – and That’s a Good Thing
The Federal Trade Commission has cleared the merger between Amazon and Whole Foods, sparking yet more fears that the retail giant is becoming too…
Washington Examiner
No, Houston’s Regulation Policy Didn’t Make Hurricane Harvey Flooding Worse
When a major American city is under eight feet of water, it’s a distasteful time to play politics. That hasn’t stopped multiple media commentators looking…
C-SPAN
VIDEO: Iain Murray Discusses “Shrinking Government Bureaucracy” on Washington Journal
Iain Murray, Vice President for Strategy of the Competitive Enterprise Institute, discusses CEI’s “Shrinking Government Bureaucracy: Reorganizing the Executive Branch to Boost Economic Growth and…
National Review Online
Operation Choke Point is Over – Perhaps
Supporters of the rule of law will be overjoyed to hear that the Department of Justice has officially closed down Operation Choke Point. In…
Reason
Goodbye and Good Riddance to Operation Choke Point
Reason covers Iain Murray’s work on Operation Choke Point. A financial dragnet that ensnared porn stars, gun dealers, payday lenders, and other politically…
Blog
Rethinking the Commerce Department
If government is ever to stop growing, the supporters of limited government will need to provide a successful example of how it can be rolled…
Blog
Rethinking the Federal Deposit Insurance Corporation
Federal deposit insurance creates a systemic problem of moral hazard.
Washington Examiner
‘Drain the swamp?’ Start with the CFPB
As you muck around the D.C. swamp, there are plenty of dank crevices its denizens inhabit. Those habitats will need to be cleared away if…
Study
Rethinking the Consumer Financial Protection Bureau
View Full Document as PDF The Consumer Financial Protection Bureau (CFPB) should be abolished. In its current form, it undermines the constitutional…
Study
Rethinking the Federal Deposit Insurance Corporation
View Full Document as PDF The Franklin D. Roosevelt administration and Congress created the Federal Deposit Insurance Corporation (FDIC) during the Great…
Study
Rethinking the Department of Commerce
View Full Document as PDF The Department of Commerce’s mission statement is a charter for government interference in markets. It employs 47,000…
Blog
Congressional Leaders Call on Agency Heads to Repudiate Operation Choke Point
Five House committee and subcommittee chairmen today called on the heads of the executive branch agencies most closely connected with Operation Choke Point to repudiate…
News Release
Improving Job Numbers Emerge but Damaging Regulations Remain a Problem
The U.S. economy added 209,000 jobs in July and the unemployment rate declined to 4.3 percent, the lowest since March 2001, according to the U.S.
The Hill
The Consumer Financial Protection Bureau’s Pro-Lawyer Power Grab
Imagine you have a dispute with your credit card company. Currently, you can go to an arbitration body, where the card company will almost certainly…
Blog
Finance Regulators Reject All Critiques, Plow Ahead with Arbitration Rule
CEI will continue to work to overturn the CFPB's arbitration rule and restore the ability of consumers to enter into arbitration agreements, saving them time…
Blog
CFPB Director Shows Contempt for Congress – President Trump Should Fire Him
Add another one to the long list of reasons why President Trump should fire Richard Cordray, the Director of the Consumer Financial Protection Bureau.
OneNewsNow
Up for Debate: Is Amazon Getting Too Big?
OneNewsNow discusses the Amazon-Whole Foods deal with Iain Murray. A free market strategist says consumers shouldn’t worry about Amazon gaining a monopoly on…
The Conservative
Trade’s Real Enemy Is Regulation
Free trade has brought countless benefits over the past two centuries. It allows for specialisation among nations that has brought down the cost of living…
News Release
CEI Praises EPA Decision to Repeal Disastrous Waters of the U.S. Rule
This week the Environmental Protection Agency (EPA) moved to repeal the Obama administration’s Waters of the United States (WOTUS) rule. This rule expanded federal oversight…
News Release
CEI Calls European Union Ruling and Fine in Antitrust Case Against Google “Flawed”
In a landmark ruling on Tuesday, the European Union fined Alphabet Inc’s Google, a record $2.7 billion dollars, for favoring its own search entity…
News Release
CEI Comments on Amazon’s Plan to Buy Whole Foods
Amazon’s recent announcement of its plan to buy the grocery chain Whole Foods has set off a series of questions and speculation. CEI experts on…
Politico
CEI Weighs in on Treasury Report
Politico covers CEI’s Iain Murray’s response to the Treasury report released on June 12, 2017 The free-market group Competitive Enterprise Institute has mostly…
Cayman Financial Review
The Internet of Payments and the Future of Banking: Crisis and Opportunity
Imagine a world where your washing machine can recognize it needs more detergent and orders it for you. Now imagine a world where your self-driving…
Blog
Treasury Report Good First Step towards Financial Reform
CEI welcomes many of the recommendations and looks forward to the further three reports in the series.
National Review
Here’s Three Things the President Should Do in His Executive Reorganization
Today is the last day for the public to submit ideas for the reorganization of the executive branch that the President announced in his…
National Review
The Top Ten Reasons to Pass the Financial CHOICE Act
It’s no secret that the Dodd-Frank Act did for Americans’ access to financial services what Obamacare did for their access to health insurance. In…
Blog
Capitalism for the Little Guy
One of the single greatest achievements in human history has been playing out almost unnoticed over the past few decades.
Blog
The Clear Case for Restructuring the Consumer Financial Protection Bureau
The Financial CHOICE Act would go a long way towards righting the wrongs inflicted on American financial consumers by this erroneously-named agency.
Bloomberg BNA
Retailers Win, Banks Lose in Debit-Card Swipe Fee Fight
Bloomberg BNA covers the Durbin Amendment and a statement put out by CEI’s Iain Murray. An effort to repeal the caps that banks…
News Release
CEI Criticizes House for Capitulation on Durbin Amendment Price Controls
CEI financial policy expert Iain Murray criticized the House for stripping out repeal of the Durbin amendment yesterday from the Financial CHOICE Act.
Foundation for Economic Education
The Progressives Took Away Our Right to Contract. It’s Time to Reclaim It
According to surveys, 77 percent of millennials want flexible work hours, which many say makes them more productive at work. Yet some recent…
Blog
There is No Consumer – or Small Business – Case for the Durbin Amendment
Two new studies demonstrate that there is no consumer case for keeping the Durbin Amendment, and neither is there a small business case for doing…
Cayman Financial Review
The Internet of Payments and the Future of Banking: Crisis and Opportunity
Imagine a world where your washing machine can recognize it needs more detergent and orders it for you. Now imagine a world where your self-driving…
NBC News
Why Republicans Want to Declaw the Nation’s Consumer Financial Watchdog Agency
NBC News discusses the Financial CHOICE Act with Iain Murray. A new bill aims to dismantle the powers of the Consumer Financial Protection…
News Release
April Jobs Report Still Falls Short, Regulatory Reform Needed
The jobs report for April, 2017 shows decent but not spectacular progress, says the Competitive Enterprise Institute’s Iain Murray. Though the economy added 211,000 jobs in April…
Blog
European Populism Is Nationalist Conservatism
As European conservative governments deploy authority and ignore economic forces, it is likely that the problems facing their nations will intensify rather than decrease.
CapX
Only Economic Freedom Will Keep Africa Growing
Ever since African nations began to gain independence in the 1960s, Western countries have looked to assist their economic development. While the nature of this…
The Huffington Post
Africa’s Economy Needs to Come out of the Shadows
Westerners used to call sub-Saharan Africa “the Dark Continent.” That epithet reflected a willful ignorance of the continent’s civilizations, cultures, and history, and helped justify…
News Release
Africa Economic Success Depends on Three Big Reforms
Study
Economic Freedom Is Key to African Development
Blog
A ’21st Century Glass-Steagall’ Would Be Bad for the Financial System
A UK-style "ring-fencing" plan for banking regulation would be a bad idea.
Breitbart
Exclusive–Iain Murray: ‘We Need to Eliminate the Consumer Financial Protection Bureau’
Breitbart discusses eliminating the Consumer Financial Protection Bureau with Iain Murray. Iain Murray, vice president for strategy at the Competitive Enterprise Institute, told…
National Review
‘The Greatest Deregulatory Endeavor’
National Review highlights Iain Murray’s study on the United Kingdom’s split from the European Union. Iain Murray, co-author of “Cutting the Gordian Knot”…
Blog
Congress Should Reject CFPB Prepaid Card Rule
One reason why the Consumer Financial Protection Bureau (CFPB) has engendered such controversy is because it was set up on a false premise. As I…
InsideSources
Counterpoint: Abolishing the CFPB Will be Good for Consumers – and the Constitution
Editor’s Note: For an alternative viewpoint, please see: Counterpoint: Abolishing the CFPB Will be Good for Consumers – and the Constitution Access to capital…
Blog
United Kingdom Invokes Article 50 to Leave the European Union
In a historic moment, British Prime Minister Theresa May today invoked Article 50 of the Treaty on European Union, which formally starts the process…
The Huffington Post
Resisting Executive Excess Means Relearning Lessons from the Past
Defenders of checks and balances should be happy that a circuit split on President Trump’s executive order on immigration means that the Supreme…
Blog
Time to Repeal the Foreign Account Tax Compliance Act
FATCA amounts to a fine levied by the U.S. on any of its citizens who have the temerity to live abroad.
InsideSources
Trump’s Budget Targets Agency That Helps Foreign Workers
InsideSources discusses President Trump’s proposed budget with Iain Murray. “President Trump’s proposed budget is the clearest sign yet that he is moving…
News Release
CEI Calls Trump Budget Clearest Sign Yet of Move to Shrink Federal Government
"“The President's budget proposal is just the starting point. Congress has a responsibility to the American taxpayer to demand value for the taxpayer dollars spent…
CNS News
WH on Global Climate Change: ‘We’re Not Spending Money on That Anymore’
CNS News discusses future White House spendinf on climate change Friends of the Earth senior political strategist Ben Schreiber also weighed in, accusing…
The Conservative Online
Market Institutions Never Evolved For The Environment; And That’s Why It Can’t Be Properly Protected
As Joseph Schumpeter noted, free markets had a good first century (the 1750s to 1850s). A market economy produced massive improvements in the quality of…
Blog
Better than Expected Jobs Report Suggests Employer Optimism
It is very early days for the new administration, but there may be signs that employers are reacting to its deregulatory agenda.
Blog
Congress Should Overturn New Restrictions on Prepaid Debit Cards
Congress should act to stop the Consumer Financial Protection Bureau from making financial transactions more difficult for people without bank accounts.
National Review
Financial CHOICE Act Must Keep Durbin Repeal
After the repeal and replacement of Obamacare, the next big task facing Congress will be reform of the equally awful Dodd-Frank Act. House Financial Services…
News Release
Response from the Competitive Enterprise Institute on President Trump’s Executive Order on the Waters of the United States
CEI has for years advocated for a reining in of the overreaching EPA authority over waters across the country. President Trump’s executive order to revisit…
Blog
Deregulate to Speed Recovery from ‘Creative Destruction’ of Trade and Innovation
Government regulation limits the ability of individuals and businesses to recover from normal economic setbacks.
Blog
Financial Regulation Executive Order a Step in the Right Direction
A new White House executive order aims to redesign how financial institutions are regulated by the federal government.
Blog
Encouraging Job Report Suggests Deregulation Will Get America Back to Work
New employment numbers suggest that employers are starting to respond to the promise of substantial deregulation by the new administration.
Independent Journal Review
I’ve Had A Green Card Since 1999 – Trump’s Executive Order Shows The Overreach Of Presidential Power
Green card holders like me received an unwelcome present from the Trump administration this weekend. In the course of the fiasco surrounding the president’s executive…
News Release
Statement on President Trump’s Financial Regulation Executive Order
Statement from Competitive Enterprise Institute’s Iain Murray on President Trump’s Executive Order concerning regulating the financial system: “CEI welcomes today’s executive order from the Trump…
Cleveland.com
Ohio lost 120,000+ jobs due to U.S. trade deficit with China: EPI
Cleveland.com discusses with Iain Murray a report that claims Ohio lost 121,500 jobs due to the United States’ trade deficit with China. Iain Murray…
Bloomberg BNA
Did Uber Break Taxi Strike Over Trump Immigration Order?
National Review
The UK Supreme Court’s Brexit Decision: Probably Right and Yet So Unnecessary
The UK’s Supreme Court has ruled that Parliament must agree to make Britain’s exit from the European Union, which the British people voted for…
Blog
Trump Moves on Trade: TPP and NAFTA
The decisions to end the failed TPP experiment and perhaps pull the plug on NAFTA may not be the disaster for free trade they seem…
News Release
Statement by CEI Expert on Why Trade Deals Got a Bad Reputation
In response to President Trump’s plans to sign an executive order withdrawing the U.S. from the negotiating process of the Trans-Pacific Partnership, Competitive Enterprise Institute…
Daily Signal
Trump’s Opening Shot on Trade, Abortion, Federal Employees
The Daily Signal discusses President Trump’s executive action to withdraw from the Trans-Pacific Partnership trade agreement with Iain Murray. Rather than breaking down…
Foundation for Economic Education
Lower Costs, Not Regulations, Will Save the Environment
I have a long bus commute to work in Washington DC. Most mornings I am engrossed in reading the latest news or a scholarly article,…
Bloomberg
Make Banks Great Again? G.O.P. Push to Ax Key Agency Poses Risks
Bloomberg discusses the director of the Consumer Financial Protection Bureau with Iain Murray. “There are all sorts of risks,” said Iain Murray, vice…
Brexit Central
How a US-UK free trade deal could revolutionise world trade
While the incoming Trump administration has given much of the world something to fear regarding future US trade policy, for good reason, there is a…
Blog
Congress Needs to Fix America’s Broken Financial System
Whole forests have been cut down to print the books written about the financial crisis of 2007/8 and America’s response to it.
National Review
Vital Votes on Energy Today
The House is voting today on Rep. Fred Upton’s Energy Tax Prevention Act and the Senate will be voting on the McConnell amendment, both…
Blog
How Ridesharing Platforms Help the Economy
We have been saying for a while that ridesharing platforms like Lyft are different from traditional transportation firms, not just in the technology they use,…
Blog
Five Ways CFPB Regulations Harm the Middle Class
The Consumer Financial Protection Bureau (CFPB) was set up in 2010 to “make consumer financial markets work for consumers, responsible providers, and the economy as…
Foundation for Economic Education
San Francisco Turns against Its Own Startup Airbnb
San Francisco is the birthplace of Airbnb. Even so, politicians in this city have created some of the most restrictive home-sharing regulations in the…
Blog
The Future of Work
Blog