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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 programs.
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 mining…
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 next meeting…
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Blog
5 Scariest Halloween Regulations
Regulatory dark matter is a Washington boogeyman. In 2015, there were 39 regulations for every one law passed by Congress. That’s a lot of rules…
Blog
ACLU Blasts Federal Bank Regulators for Unconstitutional Power Grab
Unaccountable agencies unsurprisingly behave in an unaccountable manner. The Consumer Financial Protection Bureau (CFPB) was recently found by a Federal court to be so unaccountable…
Forbes
Next President Should Fire CFPB’s Cordray
“You’re fired!” A certain presidential candidate made that phrase famous. But whoever is elected to the White House this November should say those words to…
National Review
Bureaucrats Threaten the Rule of Law
Donald Trump’s recent refusal to promise he’ll accept the presidential election’s result has raised much concern. Yet, there has been little outcry over Consumer Financial…
Politico
Sandberg demurs on going to Washington
Politico's Morning Money highlights Sam Kazman's reaction to the federal court's ruling on the Consumer Financial Protection Bureau. Competitive Enterprise Institute: “Today’s ruling…
National Review
CFPB “Structurally Unconstitutional” – US Court of Appeals
In a rare victory for the Constitution and American political tradition, the US Court of Appeals from the DC Circuit today found that the…
The Fiscal Times
In Win for Conservatives, Court Rules Consumer Bureau Unconstitutional
The Fiscal Times discusses with Sam Kazman, the courts ruling that the Consumer Financial Protection Bureau is unconstitutional. However, from its founding, the…
Reason
A Limited Victory for Limited Government as CFPB’s Structure Ruled Unconstitutional
Reason discusses the federal court ruling that the Consumer Financial Protection Bureau is "structurally unconstitutional" with Hans Bader. In a lawsuit challenging the…
Blog
Regulators Target Payday Loans, But Put Borrowers in a Bind
Payday loans are a form of small-dollar, short-term credit used by lower- and middle-income consumers, principally to enable them to withstand expense shocks and to…
Daily Caller
Killer New Regulations On Loans Hurt Women, Blacks The Most
The Daily Caller reports on CEI's study by Hilary B. Miller on the Consumer Financial Protection Bureau's proposed pay day lending rule. A…
Daily Caller
Killer New Regulations On Loans Hurt Women, Blacks The Most
The Daily Caller reports on CEI's study of the Consumer Financial Protection Bureau's proposed rule on payday lending. A new report Monday shows…
NewsBusters
Liberals, Media Allies Might Face Some Serious Opposition on Financial Regulation
New York State’s Department of Labor recently made headlines with its rules mandating that employers paying their workforces with prepaid debit cards ensure that employees…
Blog
Mr. Robot and the Future of Money
Last week, the cult USA channel TV show Mr. Robot showed once again why it is required viewing for anyone interested in technology.
Blog
Wells Fargo and the Principal-Agent Problem
The Consumer Financial Protection Bureau has celebrated the $100 million fine it has imposed on San Francisco bank Wells Fargo for its employees’ improper handling…
Blog
How Financial CHOICE Act Rescues Unbanked Americans
If the New York State Department of Labor is really concerned about unbanked employees being hit with fees, it should lend its support to the…
Blog
Financial CHOICE Act, Replacement for Dodd-Frank, Passes Out of Committee
The House Financial Services Committee today approved the Financial CHOICE Act (FCA) 30-26 largely along party lines.
Las Vegas Sun
Durbin amendment of Dodd-Frank a miserably bad attempt at price control
Las Vegas Sun discusses the Durbin amendment of the Dodd-Frank bill with Sam Kazman. The disappearance of free debit cards and free checking…
Crowdfund Insider
Will CFPB Move to Limit Arbitration Undermine Alternative Finance?
Crowdfunding Insider reports on CEI's comments on the Consumer Financial Bureau's proposed ban on arbitration regarding certain consumer financial agreements. While the intent may…
The Atlantic
Could Reviving a Defunct Banking Rule Prevent a Future Crisis?
The Atlantic features John Berlau's argument against the revival of the Glass-Steagall rule. Election years are a time when politicians put on their…
Blog
RealClear Radio Hour: Taxpayers on the Hook
This week on RealClear Radio Hour, Michael Tanner tallies Uncle Sam’s ballooning entitlement debt and Romina Boccia pulls back the cover on the Beltway crony…
Blog
Tepid Economic Performance Argues for Cutting Government Red Tape
How is the economy doing? It’s a mixed picture.
Blog
Financial Transaction Tax Would Hit Main Street, Not Just Wall Street
When progressives were defending the Department of Labor’s fiduciary rule governing retirement accounts, they constantly praised the regulation for encouraging investment in low-cost index funds.
Blog
Challenging the Constitutionality of the Consumer Financial Protection Bureau
Our constitutional challenge to the Consumer Financial Protection Bureau (CFPB) is once again on hold, but this time the delay may be relatively short.
Digital Journal
Dawn J. Bennett, Host of Financial Myth Busting, Interviews John Berlau, Economist
Financial Adviser Dawn Bennett interview John Berlau on the Securities Exchange Commission's in-house court. BENNETT: John Berlau is a senior fellow at the…
Blog
A Disappointing Bipartisan Agreement on Banking Regulation
Last night at the Democratic National Convention, Sen. Bernie Sanders (I-VT) gave a speech covering a number of controversial campaign issues, focusing in particular on…
Forbes
How Glass-Steagall’s Return Would Shatter America’s Hometown Banks
Set against the Main Street backdrop of Cleveland, the drafters of the Republican convention platform pledged support for a banking rule signed into law by…
Bloomberg
Trump’s VP Wears His Opposition to 2008 Bank Bailouts With Pride
Bloomberg discusses the GOP platform's support of reinstating the Glass-Steagall Act with John Berlau. In addition to scaling back Dodd-Frank — which Republicans…
National Review
GOP Platform Contains Serious Mistake on Banking
One of these things is not like the other. In the generally good section of the GOP’s Platform entitled Regulation: The Quiet Tyranny (p.27-28), there…
Blog
‘Crexit’ Votes Will Help U.S. Entrepreneurs and Investors
In yet another blow against the Brexit chicken littles, not only have the large British companies comprising the FTSE 100 gained back all the losses…
Crowdfund Insider
The Fix Crowdfunding Act Passes House & Heads to the Senate
Crowdfund Insider discusses bills to expand the JOBS Act with John Berlau. John Berlau, a Senior Fellow at the Competitive Enterprise Institute, described…
Blog
Investors Got into Fiduciary Rule Conversation Months before John Oliver Joined in
“Fiduciary Rule Goes Prime Time,” reads the headline of a recent cover story of the magazine Investment News. The story argues that after political comic…
Forbes
If ‘Fiduciary Rule’ Goes Through, the Joke Is On American Savers
John Oliver’s viewers may think of themselves as the smart set, but the popular TV comic recently suggested that he rather deems them dim bulbs…
Blog
Interchange Debate Rears Its Head in Canada
The debate over the effects of interchange fees (the charges a bank levies on a merchant when one its customers uses a credit or debit…
Blog
CEI Support for Rep. McHenry’s “Fix Crowdfunding Act”
Today, the House Financial Services Committee will likely be voting on Rep. Patrick McHenry’s Fix Crowdfunding Act, a much-needed expansion of the bipartisan Jumpstart Our…
Forbes
Improve Access to Capital & Access to Wealth Creation With More Crowdfunding Deregulation
In this hyper-partisan era, the one thing Republicans and Democrats seem to agree on is the need to enable entrepreneurs and small businesses to gain…
Blog
House Plan to Replace Dodd-Frank Provides Long-Needed Alternative
On Wednesday, House Financial Services Committee Chairman Jeb Hensarling announced the main features of his comprehensive plan to replace Dodd-Frank, the flawed response to the…
The Heartland Institute
Congress Votes to Block New Broker Regulations
The Heartland Institute discusses the fiduciary rule with Senior Fellow John Berlau. John Berlau, a senior fellow at the Competitive Enterprise Institute, says…
Politico
Payday Lending Rule Fly-Around
Politico's Morning Money features John Berlau's statement on the Consumer Financial Protection Bureau's new payday lending rule. CEI’s John Berlau: “The CFPB's rule…
Watchdog.org
Get ready for Obamaloans: New regs could drive payday lenders out of business
Watchdog.org discusses the Consumer Financial Protection Bureau's plan to crackdown on payday lending with Iain Murray. Iain Murray, a vice president at the…
News Release
CEI Expert Warns: CFPB Payday Lending Rule Will Hurt the Poor
The CFPB is expected to propose a new rule on June 2 restricting so-called payday lending. CEI financial policy expert John Berlau warns that new…
Legal NewsLine
U.S. Senate passes resolution to block DOL’s fiduciary rule
Legal NewsLine discusses Congress's resolution of disapproval blocking the Department of Labor's fiduciary rule with John Berlau. John Berlau, a financial policy expert at…
Blog
CFPB Moves to Cut Off Any Loans to People with Bad Credit
According to the federal government, people may have to live on the streets, but at least they aren’t being “exploited” by companies who are willing…
Blog
Crowdfunding Rules: Four Years Late and Millions Short
Today, Monday, May 16, more than four years and one month after Congress passed and President Obama signed the Jumpstart Our Business Startups (JOBS) Act…
Newsmax
Let’s Fix Crowdfunding so Middle-Class Investors Can Profit
More than four years and one month after Congress passed and President Barack Obama signed the Jumpstart Our Business Startups (JOBS) Act of 2012, the…
Watchdog.org
Lending influence: Progressive group profits from pushing financial regs
Watchdog.org discusses new regulations from the Consumer Financial Protection Bureau with John Berlau. One of the chief advocates of the CFPB’s regulatory actions…
National Review
Google Bans Payday Loan Ads: Who Needs Operation Choke Point?
Yesterday, Google announced in a blog post that it was changing the terms of its advertising service to ban payday-loan ads. Their reasoning was…
Foundation for Economic Education
Is the British Prime Minister a Tax Dodger?
It’s the issue that consumed British politicians and newspapers at the end of April. What Britons do about it will determine whether their nation will…
Newsmax
Financial Protection Bureau Takes Aim at Consumers
The Consumer Financial Protection Bureau (CFPB) just proposed limiting binding-arbitration clauses in credit card contracts and other forms of consumer credit. This does not come…
National Review
The CFPB Moves to Ban Arbitration Clauses — Better Lawyer Up
Add another 377 pages to the ever-burgeoning length of the Dodd-Frank Act. Today, the Consumer Financial Protection Racket Bureau announced that it would use its…
Wealth Management
Why the DOL Rule Is Bad for Small Savers
The Department of Labor’s (DOL) “fiduciary rule,” likely to first take effect in June unless blocked by Congress or the courts, will deprive small…