Blog
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…
Blog
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.
Blog
CFPB Takes a Step to End Regulation by Enforcement
After almost a decade of ambiguity, the Consumer Financial Protection Bureau has finally offered some clarity to its definition of what constitutes an “abusive” practice…
Blog
Divisions Between Bank Regulators Over Fair-Lending Revamp Highlight the Need for Outright Repeal
Despite hesitation from the Federal Reserve, the Office of the Comptroller of the Currency (OCC) has made clear that they plan to push forward with…
Blog
Despite Naysayers, Consumer Finance Panelists are Uniquely Qualified to Tackle Barriers to Financial Inclusion
Last week, the Consumer Financial Protection announced the membership of the newly created Taskforce on Federal Consumer Financial Law, which will work to “harmonize and…
News Release
CEI Board Member Todd Zywicki to Head CFPB Task Force on Consumer Financial Law
The Consumer Financial Protection Bureau (CFPB) today announced that Competitive Enterprise Institute (CEI) board member and George Mason University Foundation Professor of Law Todd Zywicki…