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Three consequences of Illinois’ interchange fee law
In my new CEI paper, I examine the Illinois Interchange Fee Prohibition Act and what policymakers can learn from previous efforts to restrict…
Read the Full Study
Report: Government limit on credit card interchange fees undermines consumers, small businesses
A new Competitive Enterprise Institute report examines an Illinois law that will limit credit card interchange fees paid by merchants to the banks and credit unions that issue…
News Release
Federal Reserve moves to keep interest rates steady during its June meeting: CEI analysis
The Fed has decided to keep interest rates where they are, signaling the focus is still on economic uncertainty and asserting its independence…
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News Release
CEI General Counsel Says Time to Invalidate ‘Fundamentally Unconstitutional’ CFPB
A lawsuit challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB) will be heard in federal court this Wednesday. Mortgage lender PHH Corp. brought…
Blog
Powerful Officials, Like the Director of the CFPB, Should Be Democratically Accountable
While a three-judge panel of the appeals court ruled against the CFPB’s constitutionality, the full appeals court will re-hear arguments in the case on May…
Blog
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…
Cayman Financial Review
The Internet of Payments and the Future of Banking: Crisis and Opportunity
Imagine a world where your washing machine can recognize it needs more detergent and orders it for you. Now imagine a world where your self-driving…
Newsmax
Financial CHOICE Act Could Unshackle Small Business
As National Small Business Week is unfolded during the previous week, the House Financial Services Committee marked up a bill on Thursday of last week…
NBC News
Why Republicans Want to Declaw the Nation’s Consumer Financial Watchdog Agency
NBC News discusses the Financial CHOICE Act with Iain Murray. A new bill aims to dismantle the powers of the Consumer Financial Protection…