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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…
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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…
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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…
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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…
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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.
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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…
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Rethinking the Federal Deposit Insurance Corporation
Federal deposit insurance creates a systemic problem of moral hazard.
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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…
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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…
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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.
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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.
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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.
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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.
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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…
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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.
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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.
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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…
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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…
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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.
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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.
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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.
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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.
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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.
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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.
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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…
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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.
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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,…
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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…
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The Future of Work
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Reasons to be Thankful: The CFPB is Accountable
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The UK Uber Ruling and Two-Sided Markets
One of the things that the UK Employment Tribunal’s recent ruling (that people who use the Uber platform should be employees of the company)…
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Uber and the Market Price
I have an article today up at the Foundation for Economic Education that looks at the UK’s employment tribunal ruling that Uber drivers are employees…
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ACLU Blasts Federal Bank Regulators for Unconstitutional Power Grab
Unaccountable agencies unsurprisingly behave in an unaccountable manner. The Consumer Financial Protection Bureau (CFPB) was recently found by a Federal court to be so unaccountable…
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Back Freedom in the Czech Republic
Here at CEI we are big fans of Czech classical liberals. We published former Czech President Vaclav Klaus’s excellent book on environmental policy,…
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Mr. Robot and the Future of Money
Last week, the cult USA channel TV show Mr. Robot showed once again why it is required viewing for anyone interested in technology.
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Wells Fargo and the Principal-Agent Problem
The Consumer Financial Protection Bureau has celebrated the $100 million fine it has imposed on San Francisco bank Wells Fargo for its employees’ improper handling…
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Financial CHOICE Act, Replacement for Dodd-Frank, Passes Out of Committee
The House Financial Services Committee today approved the Financial CHOICE Act (FCA) 30-26 largely along party lines.
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Work Is Changing, Employment Regulation Needs to Change Too
For many people, the 9 to 5, office- or factory-based, corporate job that Dolly Parton lamented in the 1980s is a thing of the past.
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Brexit: A Liberal Britain?
There is a great risk in Brexit Britain.
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Brexit: What’s Next for Trade?
At the moment, Britain is still a member of the European Union, and therefore its trade arrangements are subject to the terms of the EU’s…
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Brexit: What Next?
In our new and revised version of Cutting the Gordian Knot: A Roadmap for British Exit from the European Union, Rory Broomfield and I set…
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International Tribunal Gets Its First Big Test
The news that the Permanent Court of Arbitration acting in conjunction with the International Tribunal on the Law of the Sea (ITLOS) have ruled against…
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Opportunities for the Environmental Entrepreneur
I had the honor to chair a panel and speak at the 10th ICREI conference in France on environmental issues last week. This year’s conference…
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Interchange Debate Rears Its Head in Canada
The debate over the effects of interchange fees (the charges a bank levies on a merchant when one its customers uses a credit or debit…
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Happy Magna Carta Day
801 years ago today in a peaceful meadow in England occurred the first act of the American Revolution.
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Huge Questions Remain in Brexit Debate
It is now looking as if the June 23rd vote on whether Britain will leave or remain in the European Union is too close to…
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House Plan to Replace Dodd-Frank Provides Long-Needed Alternative
On Wednesday, House Financial Services Committee Chairman Jeb Hensarling announced the main features of his comprehensive plan to replace Dodd-Frank, the flawed response to the…
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Affordable Energy Is Important to Conquering Poverty
When economists and politicians talk about income inequality, they rarely consider the effects of their policies on the poor, as my co-author Ryan Young has…
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Administration’s War on Work Reflected in Jobs Numbers
The administration and its allies are currently engaged in a regulatory onslaught on employers that can only be described as a war on work. Today’s…
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More on “Inequality”
In serendipitous timing, the Institute of Economic Affairs in London released a new study this week entitled “Never Mind The Gap: Why we…