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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…
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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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Letters
Federal Reserve Transparency Working Group Sends Letter to the Senate
Dear Members of the U.S. Senate: In the last two years, the Federal Reserve Board has lent several trillion dollars to banks…
Newsletter
Senate Health Care, Rising Deficits and Food Safety on Thanksgiving
The Senate advances prepares for a floor debate on health care legislation after Thanksgiving. The rising federal budget deficit and national debt raise concerns about…
Citation
Effort To Curb Financial Giants May Worry Markets Even More
Newsletter
FDA’s Tobacco Powers, Credit Card Fees and Cult-like Union Behavior
Anti-tobacco activists observe the “Great American Smokeout.” The Government Accountability Office finds that controlling credit card processing fees could hurt consumers. Union officials are accused…
News Release
Government Watchdog Finds Credit Card Price Controls Hurt Consumers
Today, the Government Accountability Office released its widely anticipated report on interchange fees—the fees that retailers pay to credit and debit card issuers for processing…
Newsletter
Bailout Transparency, Climate Politics and Mortgage Foreclosures
Rep. Carolyn Maloney introduces a bill to make public details of the bank bailout. Critics accuse President Obama of failing the world on climate change.