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Minting Trillion-Dollar Platinum Coins Won’t Help Fight the Economic Downturn
Rep. Rashida Tlaib (D-MI) introduced legislation aimed at tackling the economic fallout from the COVID-19 pandemic. Tlaib’s bill would give every single person in America…
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As Supreme Court Debates CFPB Constitutionality, Agency Accountability Hangs in the Balance
The Supreme Court heard oral arguments last week over the constitutionality of the Consumer Financial Protection Bureau and whether, as currently structured, it is too…
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SEC’s Proposed Rules Would Take ETFs out of the Hands of Middle-Class Investors
CEI recently signed on to a coalition letter encouraging the Securities and Exchange Commission to abandon its plans to further regulate certain financial products and…
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Chairman Crapo Offers Hope for Safe Banking in Controversial Industries
Last October, the House passed the Secure and Fair Enforcement (SAFE) Banking Act to provide safe harbor for banks and credit unions doing business with…
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Democratic Witnesses Oppose Interest Rate Cap
American Banker ran a piece last week on a proposed law to impose an interest rate cap on small-dollar loans. While the hearing revealed the…
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Interest Rate Caps Harm Financial Inclusion; Bank Partnerships Spread Inclusion Around
The House Financial Services Committee held a hearing last week on small-dollar lending and proposed legislation that would limit the interest rates on such loans.