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Mulvaney Saving, Not ‘Dismantling,’ Consumer Financial Protection Bureau
Effective consumer protection does not require a body as unaccountable, powerful, and ideologically driven as the Consumer Financial Protection Bureau. In short, it does not…
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The State of Financial Regulation
President Trump will deliver his inaugural State of the Union address next week, where he will outline the administration’s agenda for the coming year. Here…
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A New Day at the Consumer Financial Protection Bureau
According to Acting Director Mick Mulvaney, the Consumer Financial Protection Bureau will now stick to enforcing consumer protection laws as written, but not attempt go beyond that…
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Durbin Amendment Update: No More Free Checking for the Poor
The Durbin Amendment strikes again. Today brings further evidence that the little-known amendment authored by Sen. Richard Durbin (D-IL), which imposed price controls on…
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Tax Reform Outperforms Government Programs on Community Investment
Tax reform is the gift that keeps on giving. Americans for Tax Reform has documented the ever-growing list of companies providing pay raises, bonuses, 401(k)…
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The White House Can Save the Small-Dollar Loan Industry
The Consumer Financial Protection Bureau's small dollar loan rule should be retracted on Paperwork Reduction Act violations alone. …
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Taming the Beast: Reform Ideas for the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau’s complicated, one-size-fits-all rules with high compliance costs favor large banks with armies of lawyers while restricting the working poor’s access…
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7 Reasons to Oppose the Federal Payday Loan Rule
Congress should use the Congressional Review Act to overturn the Consumer Financial Protection Bureau's small dollar loan rule.
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House Takes Lead on Bank Reform, Senate Should Follow
The House of Representatives has passed a significant piece of financial legislation, H.R. 3312, the “Systemic Risk Designation Improvement Act.”…
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Ex-Im Nominee Scott Garrett Rejected, Swamp Claims Another Victim
Appointing Scott Garret to lead the Export-Import Bank should have been an area of broad agreement between the parties.
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Big Changes Needed to Senate’s Financial Reform Bill
While the Economic Growth, Regulatory Relief and Consumer Protection Act is a good first step, Republicans must push for more dramatic reform.
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Overturn CFPB’s Payday Loan Rule to Protect Vulnerable Consumers
Members of Congress must demonstrate the courage to stand up for consumers and against the rogue agency.
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What Should Congress Do About the Volcker Rule?
The Volcker Rule is a Dodd-Frank regulation that prohibits federally insured banks from engaging in “proprietary trading,” which is trading with their own capital. It…
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Under New Leadership, What is the Future of the CFPB’s Payday Loan Rule?
In the current uncertainty surrounding the future of the Consumer Financial Protection Bureau (CFPB), several issues require urgent attention. While the most pressing may…
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Tear Down the Wall Between Banking and Commerce
The separation of commerce and banking has little relevance in the 21st century.
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Fed Confirms Government Regulation Is Not the Answer to Equifax Data Breach
More regulation will not help protect the financial system against cyber attacks, such as the Equifax hack.
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Pressure Grows to Reform Bank SIFI Designations
What makes a bank risky? While a simple question, the answer is anything but. As the 2008 crisis proved, managing risks in the financial system…
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Why Congress Should Block the CFPB Payday Loan Rule
Republicans have been looking for a political win for a while. They finally got one this week by overturning the Consumer Financial Protection…
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Will New Zealand Forget the Benefits of Economic Freedom?
As an Australian, there are two things I have always admired about New Zealand—their remarkable national rugby team and their stunning embrace of…
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Senate Set to Vote to Block CFPB’s Harmful Arbitration Rule
After months of speculation, the Senate will today vote to block the Consumer Financial Protection Bureau’s (CFPB) rule banning financial institutions from including arbitration clauses…
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Government Regulation is Not the Answer to the Equifax Hack
The recent Equifax hack has placed an enormous amount of pressure on legislators to further regulate the credit-reporting industry. While such a response may be…
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Congress Should Fix Fintech Lending Model
The House Financial Services Committee marked up a whopping 22 bills last week. While many are noteworthy, such as ending Operation Choke Point, repealing…
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Financial Transactions Tax Not the Answer for Africa
French President Emmanuel Macron is advocating for a Europe-wide tax on financial transactions to fund more foreign aid for Africa.
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Congress Should Roll Back New Payday Loan Rule
The hysteria in Washington around the release of the Consumer Financial Protection Bureau’s final short-term, small-dollar loan rule has been immense.
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New Research, Same Story: Government Housing Policy Doesn’t Work
The Urban Institute today published an updated report, titled Nine Charts about Wealth Inequality in America. As part of the project, the authors highlight…
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Bank Regulatory Relief in Time for White House ‘Deregulation Day’
Happy Deregulation Day! Today, the Trump administration is celebrating the benefits of an America liberated from red tape. As I mentioned in a blog…
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What White House ‘Deregulation Day’ Can Do for Finance and Banking
On Monday the Trump Administration is launching the first ever Deregulation Day, highlighting the benefits of an America liberated from bureaucracy.
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Senate Introduces Regulatory Relief for Regional Banks
Removing burdensome restrictions on regional and community banks will ensure financial stability while helping local communities prosper.
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Nine Years on from the Financial Crisis and We’re No Safer
The real cause of the 2007-08 financial crisis was overwhelmingly the product of government intervention.
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CEI Comments: Volcker Rule Has Failed to Make Financial System More Stable
CEI submitted comments on the Office of the Comptroller of the Currency’s (OCC) proposed revision to the Volcker Rule, a federal regulation that bans…