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
Center Square
After rate hike, economists weigh tariffs’ role in inflation
CEI’s Senior Economist Ryan Young was quoted by Center Square in their analysis of tariffs impact in inflation. Ryan Young, senior economist…
News Release
Federal Reserve raises interest rates, eyes on future economic policy: CEI analysis
Today, the Federal Reserve has decided to raise interest rates by 25 basis points, the first increase in over three years. The decision…
Blog
Why the 5 percent Treasury bond interest rate matters
The recent rise of the 10-year Treasury yield to 5 percent has set off alarm bells among economists, policymakers, and investors. While the…
Search Posts
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…
News Release
CFPB Price Controls on Late Fees Mean Less Credit, Higher Costs for Cardholders
Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule on credit card late fees that would do far more harm than good,…
Blog
Where do regulations go when Congress shutters an agency?
The way the federal government spends money rarely changes until a crisis comes along. Arguably, we’re already there with federal debt service (interest) payments…
News Release
Economy in a healthy spot for further growth: CEI analysis
Today’s GDP numbers for the fourth quarter of 2023 showed economic growth stood at 3.2 percent, a slight downward trend compared to the…
DC Journal
Economists, Free Market Groups Urge Congress to Reject RECOUP Act
CEI’s John Berlau is cited in DC Journal on outside groups to reject the RECOUP Act: That’s the concern of John Berlau with…
News Release
Coalition Warns Against RECOUP Act that Gives Vast Powers to Banking Regulators
The Competitive Enterprise Institute and Americans for Tax Reform today led a coalition letter to congressional leaders opposing the RECOUP Act. CEI’s John Berlau…
Letters
CEI Leads Letter Rejecting Recoup Act
Dear Speaker Johnson, Minority Leader Jeffries, Majority Leader Schumer, and Minority Leader McConnell: As leaders of policy groups concerned with constitutional liberties, government…
Blog
Worried about massive federal debt? Time to right-size the regulators
In the annals of federal bloat, a milestone is looming as noted in another post last week: 2024 interest payments on America’s $34…
Washington Examiner
Capital One merger could make Discover a rival to the largest credit cards in payments
CEI’s John Berlau is cited in the Washington Examiner on the credit-card merger: “Discover is currently in fourth place in card network size,…
Fox Business
How Capital One’s acquisition of Discover could impact consumers
CEI’s John Berlau is cited in Fox Business on the acquisition: John Berlau, director of finance policy at the Competitive Enterprise Institute (CEI),…
News Release
Capital One/Discover Merger Not a Threat to Competition, Overregulation Is
The proposed merger between Capital One and Discover is not a threat to competition in the credit market, but there is one big looming…
News Release
January’s inflationary numbers higher than most realize: CEI analysis
The Consumer Price Index numbers for January reportedly rose 0.3 percent compared to the month before, but CEI’s senior economist Ryan Young explains…
Washington Examiner
White House pushes ‘shrinkflation’ messaging to assign blame to corporations
CEI’s Ryan Young is cited on the Washington Examiner: “Shrinkflation is real, but it’s not a partisan issue. Shrinkflation is part of the…
Blog
This week in ridiculous regulations: Horseracing and postal products
The Supreme Court heard a case about whether Donald Trump should be disqualified from holding public office under the Fourteenth Amendment. A lawyer’s memo…
News Release
Interest rates to hold steady for now: CEI analysis
The Federal Reserve held interest rates steady at its most recent meeting, as expected. The speculation is now about when it will begin…
Blog
The full Scope of problems with the SEC’s climate disclosure rule
I have a paper out today, examining the Securities and Exchange Commission’s (SEC) proposed rule on mandatory climate disclosures. The SEC’s rule…
Blog
This week in ridiculous regulations: Burning trash and methane emissions
GDP grew at a healthy 3.3 percent in the fourth quarter of 2023. Regulators blocked an airline merger, and a carbon tariff…
Blog
CFPB Data Breach Shows Danger of its Attempted Power Grab Over Fintech
My friend Patrick Brenner, president of regional free-market think tank the Southwest Public Policy Institute, recently had a great op-ed at FoxNews.com on…
Staff & Scholars
John Berlau
Senior Fellow and Director of Finance Policy
- Banking and Finance
- Deregulation
- Financial Regulation
Iain Murray
Vice President for Strategy and Senior Fellow
- Banking and Finance
- Trade and International
Steve Swedberg
Finance and Monetary Policy Analyst
- Banking and Finance
- Deregulation
- Financial Regulation