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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…
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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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The Mother of All Bailouts = The Death of Fiscal Conservatism
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Congress Does Energy, Lehman Bankruptcy and Price Gouging
The House of Representatives considers a new bill on offshore oil drilling. The bankruptcy of Lehman Brothers shakes confidence in the U.S. economy. Texas Attorney…
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Lehman Brothers, Flood Insurance and Energy Independence
Lehman Brothers files for Chapter 11 bankruptcy protection. Members of Congress consider reforming the National Flood Insurance Program. Democrats and Republicans debate U.S. offshore oil…
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the federal housing bailout
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Mortgage Madness, Media Diversity and World Car Free Day
The bailout of mortgage giants Fannie Mae and Freddie Mac is attacked as unfair to responsible consumers. The Federal Communication Commission considers reinstating the “Fairness…
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Offshore Drilling, Mortgage Bailouts and Union Campaigns
Democrats propose a compromise plan for drilling in U.S. offshore oil fields. Troubled mortgage giants Fannie Mae and Freddie Mac are de-listed from the S&P…