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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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Chrysler’s Future, Chevron in Ecuador and Flex-Fuel Cars on the Road
A bankruptcy judge approves Chrysler’s request to start spending $4.5 billion in government loans. Ecuador sues Chevron for $27 billion over alleged environmental damage from…
Newsletter
Consumer Credit, Social Security and Swine Flu
The House of Representatives votes to limit credit card fees and interest rates. President Obama endorses raising Social Security taxes. Vice President Biden advises Americans…
Newsletter
Credit Card Rules, Obama’s First 100 Days and the Auto Bailout
The House of Representatives is expected to vote today on new regulations for credit card companies. Political observers judge the progress of Obama’s first 100…
News Release
“Credit Card Bill of Rights” Passed Today by the U.S. House of Representatives
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RealClear Markets
Fix Social Security, Ease the Credit Crisis
Remember the looming Social Security crisis? If you don’t, you’re not alone. The credit crisis and economic downturn have monopolized public attention to…
Financial Times
Fed’s policies contradict each other
Sir, Henry Kaufman frets that “libertarian dogma led the Fed astray” (April 28). Congress, not free-market ideology, is the real culprit. One reason…