CEI has fought excessive regulation in the financial sector from laws such as Sarbanes-Oxley and Dodd-Frank. We have scored major bipartisan victories for deregulation. These include the Jumpstart Our Business Startups (JOBS) Act, signed by President Obama in 2012, that lifted or relaxed some of the biggest burdens preventing small and midsize firms from raising capital and going public; and the Economic Growth, Regulatory Relief, and Consumer Protection Act, signed by President Trump in 2018, that lifted some of Dodd-Frank’s crushing burden on community banks and credit unions. We continue to fight to remove regulatory barriers that limit choices and increase costs for entrepreneurs, investors, and consumers.
Banking and Finance Issue Areas
Featured Posts
Blog
Forecasts, not puppet strings: The myth that prediction markets rig reality (Part I)
Prediction markets have become an increasingly prominent tool for forecasting elections, economic indicators, geopolitical events, and other uncertain outcomes. As their popularity has grown,…
News Release
Inflation drops some in June, does not yet indicate inflation relief is here to stay: CEI analysis
The Consumer Price Index report for June fell 0.4 percent, mostly canceling out May’s 0.5 percent increase. While this may provide some immediate…
Blog
Lessons Kevin Warsh can learn from the late Alan Greenspan
Alan Greenspan’s recent passing provides an opportunity to reassess his legacy as Chairman of the Federal Reserve and consider the lessons Kevin Warsh can…
Search Posts
The Daily Caller
$2.1 Trillion ‘Hidden Tax’: Cost Of Federal Regulations Hit Record High In 2023, Report Says
The Daily Caller cited CEI on Ten Thousand Commandments report Federal regulations added record-breaking costs of $2.1 trillion for the average American in…
Washington Examiner
Regulations cost families $15,000, Biden-Harris swamp plans more
Washington Examiner cited CEI on 10KC regulatory reform As bad as those costs seem, they are likely much higher because the administration…
The Federalist
It’s Time For Congress To Take Out America’s Regulatory Trash
The Federalist cites CEI on yearly regulations: According to the Competitive Enterprise Institute (CEI), 2019 was the only year on record…
Blog
Free the Economy podcast: Inflation and Bidenomics with Kurt Couchman
In this week’s episode we cover Capital One buying Discover, solutions for high housing prices, China’s soft-power investment strategy, and…
Blog
Enhancing oversight: GAO’s blueprint for congressional control over agency rulemaking
On July 5, the White House released its biannual regulatory agenda for the executive branch, which highlights agency priorities for the next six…
Capital Matters
Corner Post: Helping Hold the Administrative State to Account
Much attention has been paid to the Supreme Court’s recent overrule of the 40-year-old Chevron decision in Loper Bright Enterprises v. Raimondo. Chevron had facilitated the…
Review-Journal
EDITORIAL: Increasingly desperate Biden steps up the pandering
Review-Journal cited CEI on deregulation of rent control initiative “Getting rid of regulatory barriers … will increase supply and lower cost for homeownership…
DC Journal
Rent Control Idea Undermines Affordable Housing in the Long Run
The Biden administration has called for imposing federal limits on rent increases. This is a profoundly misguided policy from an economic perspective, and since it…
Blog
Book review: The War on Prices by Ryan Bourne
I have reached a stage in my career where younger colleagues sometimes ask me for advice. There are a few evergreen pieces of advice…
News Release
Biden Rent Control Idea is Bad Housing Policy
President Biden today issued a call to impose federal limits on rent increases nationwide. That idea would have many drawbacks, not just for…
Decrypt
Republicans Likely to Follow Through With Pro-Crypto Agenda, Experts Say
Decrypt cited CEI on crypto currency While the details of the next era of crypto regulation remain to be seen, elected officials…
The Wall Street Journal
The Trump Economy, Past and Future
The Washington Examiner cites Fred L. Smith Fellow in Regulatory Studies Wayne Crews on deregulation and the Federal Register: The Trump deregulation may…
Blog
There is no such thing as a free lunch, especially under MMT.
Modern Monetary Theory (MMT) has emerged in recent years as a highly-debated economic concept, challenging traditional views on national debt and money. MMT is…
News Release
Inflation remains stubborn despite June’s good report: CEI analysis
Monthly inflation dropped -0.1 percent in June after being unchanged in May, according to the latest Consumer Price Index report. While this is…
Blog
A rule for the Fed
The Washington Examiner is running a series of pieces on policies the next administration should pursue. My contribution details a way to contain…
Blog
Takeaways from Biden’s new Spring 2024 Unified Agenda of Federal Regulations
At the end of the July 4th holiday weekend, the Biden administration Office of Management and Budget (OMB) released the Spring 2024 edition of…
Letters
CEI joins Advancing American Freedom- Coalition letter on Consolidated Audit Trail
Dear Member of Congress, The Biden Administration is on the verge of completing an almost decade-long project to create a massive government database…
Letters
CEI Joins Coalition Letter Rejecting Proposals to Manipulate Interchange Fees
Dear Members of the Pennsylvania General Assembly, Americans for Tax Reform, and the undersigned organizations, write to you today to voice our opposition…
Comment
Request for Comment on Proposed Statement of Policy on Bank Merger
To Whom It May Concern: On behalf of the Competitive Enterprise Institute (CEI), I respectfully submit the following comments in response to the…
Blog
This week in ridiculous regulations: amplifiers and subsidized chickens
CEI’s Joel Zinberg released a new study on guidance document reform. The unemployment rate extended to 30 months its streak of being…
The Square Center
Study would review DEP permits to ‘get government out of the way’
The Center Square cited CEI on DEP permits An analysis from the Competitive Enterprise Institute found that DEP’s regional offices vary dramatically in the…
Blog
Fed hold interest rates steady, balance sheet concerns remain
The Federal Reserve decided to hold interest rates steady at its June 11-12 meeting. This is good news, but the bigger story isn’t…
News Release
May inflation decreases slightly, signals a slowing economy: CEI analysis
The inflation report released for May shows overall inflation decreased from 3.4 percent to 3.3 percent. While inflation levels are unlikely to hit…
Blog
The end of the ‘economically significant’ rule
Friends and allies in the liberty movement still often refer to high-cost regulations from the Biden administration as “economically significant” rules.
News Release
Court Rules Against Improper SEC Regulation of Private Equity, Hedge Fund Managers
The 5th U.S. Circuit Court of Appeals today ruled 3-0 against a controversial Securities and Exchange Commission 2023 rule regulating private equity and hedge…
News Release
Supreme Court Disappoints on Funding/Powers Question in Ruling in CFPB Case
The Supreme Court today issued a disappointing ruling in CFPB v. Community Financial Services Association of America, a lawsuit challenging the unchecked funding…
News Release
No surprises with April’s inflation report: CEI analysis
Inflation rose 0.3 percent in April compared to 0.4 percent in March. While this wasn’t a surprise for economists, the news indicates a…
Blog
Navigating the maze of federal regulations in 2024: What to know
In a bureaucratic whirlwind, the 2024 Federal Register is attaining new heights, topping 41,000 pages today. An unsettling new norm for the past few…
Comment
CEI comments opposing the worsening of Durbin Amendment debit card price controls
Re: Debit Card Interchange Fees and Routing (Docket No. R–1818, RIN 7100-AG67) Dear Ms. Misback: On behalf of the Competitive Enterprise Institute…
Issues & Insights
Want Higher Air Fares? Overregulate Credit Cards
Yesterday, the Consumer Financial Protection Bureau and the Department of Transportation held a joint hearing “investigating” airline and credit card reward programs. The Director and Secretary…
Letters
Coalition Letter Re: Debit Card Interchange Fees and Routing (Docket No. R–1818, RIN 7100-AG67)
Dear Ms. Misback, The Federal Reserve’s (Fed) notice of proposed rulemaking (the Proposal) to amend Regulation II (Reg. II), which sets…
Money
How Much Are Airline Rewards Really Worth? Biden Admin Probes Credit Card Programs
CEI’s Iain Murray’s blog posting was cited in Money about vacation miles: Iain Murray, vice president for strategy at the Competitive Enterprise…
Blog
Want higher air fares? Overregulate credit cards
This morning, the Consumer Financial Protection Bureau and the Department of Transportation are holding a joint hearing “investigating” airline and credit card reward…
Blog
How SAFER Banking Act poses new dangers to marijuana and other legal industries
Marijuana has been in the news lately, and the news seems to be overwhelmingly favorable to the industry in terms of reducing uncertainty as…
Blog
Fed flirts with stimulus
As expected, the Federal Reserve signaled its commitment to fighting inflation by holding interest rates steady at this week’s Federal Open Market Committee meeting.
Blog
Weak GDP is first stress test for inflation fighters
I have been saying for a while that inflation expectations will remain high until policymakers prove they can restrain their stimulus spending during an…
News Release
CEI praises measure to overturn CFPB’s destructive price controls on credit card late fees
On Wednesday, the House Financial Services Committee is expected to approve a Congressional Review Act (CRA) resolution sponsored by Rep. Andy Barr (R-KY) to…
American Institute for Economic Research
Biden Redoubles Effort to Crush Crypto With EIA’s Mining Survey
The Biden administration has launched yet another attack against the cryptocurrency industry–an environmental impact “survey” to bolster a politically motivated attack on the crypto…
Reason
Inflation Is So Back
CEI’s Ryan Young is cited on Reason about rising inflation: “If the Federal Reserve was thinking of cutting interest rates at its…
News Release
Inflation still too high to lower interest rates: CEI analysis
The Consumer Price Index report for March again read 0.4 percent, though the 12-month rate is now up to 3.5 percent. CEI senior…
Blog
This week in ridiculous regulations: Trademark fees and threatened sloths
A cargo ship struck and collapsed the Francis Scott Key Bridge in Baltimore. The psychologist and economist Daniel Kahneman died at age…
The National Desk
Federal Reserve keeps waiting for more data before cutting interest rates
CEI’s Ryan Young is cited on The National Desk about Federal Reserve interest rates: “The Fed has done just about all that…
News Release
Fed ignores congressional pressure and keeps interest rates steady: CEI analysis
On Wednesday, the Federal Reserve announced that it will keep interest rates steady in a continued effort to fight off inflation. CEI senior…
National Review
Critics of Capital One–Discover Merger Are Missing the Elephants
Blog
Classifying regulations is now more confusing thanks to Biden administration
Joe Biden’s Modernizing Regulatory Review executive order (E.O. 14094) raised the threshold for a “significant regulatory action” from $100 million to $200 million…
Politico
Bank exec crackdown fades post-SVB
CEI’s John Berlau is cited in Politico regarding the exec crackdown’s subsiding: The free-market Competitive Enterprise Institute led a letter to Congress…
News Release
Inflation numbers more nuanced than they seem: CEI analysis
The Consumer Price Index numbers released today for February 2024 shows inflation increased to 0.4 percent, up from 0.3 percent in January. CEI…
Blog
February inflation stays high, fiscal credibility remains a problem
Headline CPI inflation numbers sped up in February. Monthly inflation increased 0.3 percent in January, and 0.4 percent in February. Year-to-year inflation is…
Blog
One great moment in the budget battles: GOP’s ‘Policy Statement on Deregulation’
Today marks the release of the White House’s $7.3 trillion budget proposal for fiscal year 2025, even as policymakers continue their wrangling over…
Letters
CEI Joins Coalition Letter Supporting H.R. 2799
Dear Representative: We, the undersigned organizations, write to you today to express our support for Representative Patrick McHenry’s H.R. 2799, the Expanding Access…
