Politico's Morning Money highlights CEI's report on the Consumer Protection Bureau's proposed rule on payday lending.
FIRST LOOK: CFPB REPORT — A new Competitive Enterprise Institute report out Wednesday argues that “many people will be hurt – not helped- by new restrictions on lending imposed by the federal Consumer Financial Protection Bureau. The report argues the new rules would reduce credit by $11 billion.
Read the full article at Politico's Morning Money.
Fred Smith is the animating spirit at the Competitive Enterprise Institute. Fred conceived of the idea for an organization that would, in his words, “find a more positive answer to the challenge Joseph Schumpeter laid down in his essay, “Can Capitalism Survive?” He founded the organization and served as president for nearly three decades.
He died at the age of 83 at home in Maryland where he is survived by his beloved wife Fran. Fred was a friend and mentor, an advocate and ally, and an inspiration. His bright light lives on in our work.
Fred Lee Smith
December 26, 1940 – November 23, 2024