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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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Consumer Reports
You Still Can’t Sue Your Bank. So What Can You Do?
Consumer Reports covers the repeal of the Consumer Financial Protection Bureau’s anti-arbitration rule. The Senate’s recent vote to let forced-arbitration language …
Blog
Overturn CFPB’s Payday Loan Rule to Protect Vulnerable Consumers
Members of Congress must demonstrate the courage to stand up for consumers and against the rogue agency.
The Washington Times
Judge Rules in Favor of Trump in Battle over CFPB Leadership
The Washington Times covers the ruling in the fued over leadership of the Consumer Financial Protection Bureau. A federal court rejected efforts by anti-…
Blog
What Should Congress Do About the Volcker Rule?
The Volcker Rule is a Dodd-Frank regulation that prohibits federally insured banks from engaging in “proprietary trading,” which is trading with their own capital. It…
The Washington Examiner
CFPB’s ‘NSA-Like’ Surveillance in Limbo with Leadership Tussle
The Washington Examiner discusses Mick Mulvaney’s appointment as acting director of the Consumer Financial Protection Bureau with John Berlau. The fight for control of…
Breitbart
CFPB Acting Director Mick Mulvaney Orders 30-Day Hiring, Regulatory Freeze
Breitbart covers Consumer Financial Protection Bureau acting director Mick Mulvaney’s hiring and regulatory freeze. Mulvaney declared that President Trump “wants me…