CEI has fought excessive regulation in the financial sector from laws such as Sarbanes-Oxley and Dodd-Frank. We have scored major bipartisan victories for deregulation. These include the Jumpstart Our Business Startups (JOBS) Act, signed by President Obama in 2012, that lifted or relaxed some of the biggest burdens preventing small and midsize firms from raising capital and going public; and the Economic Growth, Regulatory Relief, and Consumer Protection Act, signed by President Trump in 2018, that lifted some of Dodd-Frank’s crushing burden on community banks and credit unions. We continue to fight to remove regulatory barriers that limit choices and increase costs for entrepreneurs, investors, and consumers.
Banking and Finance Issue Areas
Featured Posts
News Release
Federal Reserve keeps interest rates steady, higher inflation likely to continue: CEI analysis
The Fed has decided to keep interest rates steady, with inflation still too high to warrant rate cuts. With Fed Chairman Jerome Powell’s term…
News Release
SEC to seek end to quarterly reporting mandate: CEI analysis
The Securities and Exchange Commission will propose to end mandatory quarterly reporting for public companies, and give companies the option to file semi-annually instead, according…
The National News Desk
Inflation steady in February, but war risks new price surge
The National News Desk cited CEI’s expert on CPI data “The longer the Strait of Hormuz remains closed, the greater the upward pressure on energy…
Search Posts
Study
Operation Choke Point
Can the government shut down legal but politically disfavored businesses? If an ongoing federal regulatory campaign continues, that may be precisely what happens.
Forbes
SEC Crowdfunding Barriers At South By Southwest
In mid-July, South by Southwest (SXSW) – the Austin-based yearly festival that brings together the creators of film, music and technology every March – trekked…
News Release
“Operation Choke Point” Targets Legal Businesses, Harms American Consumers
Washington, D.C., July 31 – A new Competitive Enterprise Institute report digs into a campaign by federal regulatory agencies to shut down businesses that are…
Products
Dodd-Frank is the new ObamaCare
“If you like your life, home, and auto insurance, you can keep them.” No, President Obama didn’t utter those words when he signed the Dodd-Frank…
Blog
Bitcoin’s Undiscovered Potential
A recent piece in American Banker magazine explores how Bitcoin and other cryptocurrencies can help the underprivileged, particularly the millions of unbanked people who…
Blog
Subprime Auto Concerns Caused by Government Intervention
Should we worry about a crisis in subprime auto loans? That question has been asked in the financial media lately. My answer is yes, with…
Products
New CEI Report Gives 10 Reasons to Abolish the Corrupt Export-Import Bank
New CEI Report Gives 10 Reasons to Abolish the Corrupt Export-Import Bank Time to End One of Government’s Largest Corporate Welfare Programs WASHINGTON,…
The National Review
The Federal Reserve Overreaches
Is the Federal Reserve after your debit and credit cards? In a move little noticed except by those in the payments industry, the Federal Reserve…
Study
Ten Reasons to Abolish the Export-Import Bank
This year’s Ex-Im Bank reauthorization is gearing up to be an even bigger fight. Here's 10 reasons why the Export-Import Bank should be abolished.
The Washington Examiner
Big Ideas: On Dodd-Frank,
As with Obamacare, unintended consequences of [the 2010 Dodd-Frank financial reform law] almost immediately began to surface. First, there was a sharp reduction in free…
The National Review
Dodd-Frank Is Like Obamacare
"If you like your life, home, and auto insurance, you can keep them.” President Obama didn’t make this promise when he signed into law the…
Blog
Cronyism and the Export-Import Bank
Over at Rare, I have a piece on the cronyism angle of the Export-Import Bank debate. The Senate will likely vote this on month on whether…
Rare
Why Ronald Reagan would kill the Export-Import Bank
One of my favorite economics jokes is the Tullock Economic Development Plan. Devised by the influential public choice economist Gordon Tullock, it involves taxing everyone…
Blog
Dodd-Frank Is Obamacare for Non-Health Insurance
“If you like your life, home, and auto insurance, you can keep them.” President Obama didn’t make this promise when he signed into law the…
Blog
Finance for the People
Over at The Freeman, I take a look at how technology has been democratizing access to capital, bringing news ways of raising money to people…
Blog
Ex-Im Reauthorization Fight: Release the Reagan
The Export-Import Bank is up for reauthorization in September. If the vote fails in Congress, the Bank and its $140 billion portfolio will cease to…
The Freeman
Finance for the People
Financial innovation: People like to talk a lot about it these days. But what is it? If you read the business press, it’s all about…
The Blaze
Obama Admin. Is Getting Grilled About a Massive Mortgage Database That Could Be Used for Criminal Investigations
Defying conventional wisdom as he often does, Pulitzer Prize-winning pundit (and fellow Newsmax Insider) George F. Will disputed the notion that in the wake of…
Blog
Questions for Richard Cordray
This morning, Richard Cordray, head of the Consumer Financial Protection Board, testifies to a House Committee on the Board's semi-annual report. One of the Board's…
Blog
Cantor’s Loss a Warning Shot to Supporters of Ex-Im Bank and Johnson-Crapo
Defying conventional wisdom as he often does, Pulitzer prize-winning pundit George F. Will disputed the notion that in the wake of the shocking primary loss…
Blog
Laughing All the Way to the Export-Import Bank
The Kronies are back with a video about the Export-Import Bank, one of the federal government’s largest corporate welfare programs. While the video is less than…
News Release
Report: Job Growth Greater With Family Businesses
WASHINGTON, May 20 – Today, the Competitive Enterprise Institute (CEI) published a new study showing state and local governments could see more job growth…
Forbes
Government Employee Unions Tee Up California’s Bankruptcy
Half a Billion Dollars. That’s how much the California Teachers Association and the powerful Service Employees International Union have spent on California politics since 2000.
Money News
Johnson-Crapo Bill Furthers Govt Housing Mess
Yesterday, after delays and much opposition from many quarters on different grounds, the Johnson-Crapo housing finance overhaul cleared the Senate Banking Committee. The vote was…
Reason
Choke Point Check-In: Constitutional Concerns in DOJ Targeting ‘Risky’ Businesses
Operation Choke Point was initially pitched as a crackdown on web-based payday lending businesses that lend into states that prohibit it. Now it may have…
Forbes
How to Ease the Crushing Costs of Federal Regulations
“You can look at the federal budget and see what we spend. There is nothing like that with respect to regulations. I tabulate the annual…
The National Review
Fannie and Freddie on Steroids
A corollary to Shakespeare’s adage “A rose by any other name would smell as sweet” is that “garbage by any other name would smell as…
News Release
Conservative and Free-Market Leaders Urge Senate to Reject Johnson-Crapo Housing Finance Overhaul
Washington, D.C., April 23—The Competitive Enterprise Institute (CEI) in a coalition of 26 public policy leaders sent a letter to members of the Senate Banking…
Forbes
Dueling Visions For Taxing Times: Grover Norquist v. Robert Reich
This is why I got into radio: A pairing of guests representing two competing visions for the nation’s economic future, each making their case in…
Forbes
Dueling Visions For Taxing Times: Grover Norquist v. Robert Reich
This is why I got into radio: A pairing of guests representing two competing visions for the nation’s economic future, each making their case in…
Newsmax
Dodd-Frank Reined In by Democratic Judges
As the late March weather alternates between winter and spring, the D.C. Circuit Court of Appeals today blew a nice cool breeze of common sense.
The American Spectator
Praying for an Obamacare Escape
Matt Drudge’s widely discussed mid-March tweet that he has already paid Obamacare’s “liberty tax” highlights the uncertainties the self-employed face both from the health care…
Kitsap Peninsula Business Journal
Proposed SEC Rules On Crowdfunding Threaten Access To Capital By Locking Out Ordinary Investors
In submitted comments, John Berlau of the Competitive Enterprise Institute argued that the proposed rules could result in “costly, paternalistic requirements on crowdfunding that have…
Forbes
Why Bitcoin Must Die. Long Live Bitcoin 2.0.
One day, there will be a global digital currency in widespread commercial use whose value will not be controlled by central banks. Governments can forestall…
Comment
Comments to the SEC by John Berlau on Crowdfunding
In comments submitted to the Securities and Exchange Commission (SEC), CEI Senior Fellow John Berlau warns that new SEC rules impacting crowdfunding could…
News Release
Proposed SEC Rules on Crowdfunding Threaten Access to Capital By Locking Out Ordinary Investors
Washington, DC, Feb. 6, 2014 – This week marked the deadline for the Securities and Exchange Commission (SEC) to accept public comments on proposed…
News Release
Dodd-Frank “Diversity” Hiring Quotas Unconstitutional
Washington, DC, Feb. 6, 2014 – The Dodd-Frank Act regulates the financial sector, but what many people do not know is how far its…
Comment
CEI comments on Dodd-Frank proposed diversity statement Docket No OP-1465
Blog
CEI Podcast for January 23, 2014: CEI Appeals Affordable Care Act Lawsuit Verdict
General Counsel Sam Kazman explains the case's importance not just for health care, but for the rule of law.
Forbes
The Antigua Forum: Exporting A Different Kind of Latin American Revolution
Call it the “Free Market Davos.” The Antigua Forum, sponsored by Universidad Francisco Marroquín, in Guatemala, finished its third annual conference last week. For three…
National Review
Obamaloans
We know the pattern by now. A crisis arises. As my Competitive Enterprise Institute colleague Chris Horner puts it, this administration says, “There’s no time…
Washington Times
Stop the money presses!
Leading up to Janet Yellen’s Jan. 6 confirmation vote, the Federal Reserve recently announced that it will taper back its bond-buying program, known as quantitative…
Daily Caller
The Volcker Rule is Obamacare for main street banks and their customers
You might think after the disastrous debut of HealthCare.gov and thousands of insurance cancellations, those who call themselves progressives might just have a little humility…
Forbes
Fed Readies Reverse Repo Hoping To Soak Up QE Cash
Everyone, it seems, loves asset inflation. What could be more satisfying than watching the value of your home, your stocks, and your 401(k) soar, especially…
News Release
Volcker Rule Could Cause Financial Storm, Warn CEI Scholars
Washington, DC, Dec. 11, 2013 – Amid the snow that seemed to paralyze DC yesterday, bureaucrats issued a final regulation on Dodd-Frank’s Volcker Rule that…
McClatchy DC
Regulatory bullying? You bet your life
If companies failed in insurance pursuits, many people would suffer, but the financial system would not be affected in a major way. It is additionally…
Forbes
The American/US Airways Case Highlights The Absurdity Of Antitrust Regulation
“If the airlines have a history of anti-competitive behavior, they are the least able practitioners of the art in the history of mankind.” This was…
News Release
Government “Study” on Internet Tax Hides Harmful Small Business Effects
WASHINGTON, Nov. 20 – Under presidents of both parties, the Small Business Administration’s Office of Advocacy has produced top-notch independent studies on the harm the…
The American Spectator
The Unintended Consequences Of Credit Card Regulation
When you try to regulate things, you’re really regulating people. If there’s one crucial lesson to keep in mind about regulation, this is it. And…
Forbes
Janet Yellen To Too-Big-To-Fail Banks: Party On!
The king is dead; long live the king. As America’s great money printer prepares to hand over the reins to a presumptive successor determined to…
NC Register
Obamacare Threatens to Hit Many Families’ Pocketbooks
Letters
Coalition Letter on Extension for Pay Ratio
Full Document Available in PDF The undersigned organizations, institutions, and nonprofits interested in fostering entrepreneurship represent hundreds of thousands of businesses, small…
Providence Journal
Labyrinthine law threatens our life insurance now
Dodd-Frank, the law more properly known as the 2010 Wall Street Reform and Consumer Protection Act, was intended to stabilize the financial system and end…
Letters
Open Letter to House and Senate Republican Leadership: Preserve the Sequester
CEI has joined a coalition urging Congress to maintain the spending restraint established by the Budget Control Act of 2011(BCA). The BCA established limits on…
News Release
Questions for Yellen
WASHINGTON, Oct. 29 – It’s not every day we get a new chair of the Fed. It is a time to check the fundamental bearings…
Study
Questions for Federal Reserve Nominee Janet Yellen
Full Document Available in PDF Janet Yellen is President Obama’s choice to succeed Ben Bernanke as the Federal Reserve Chair. Yellen is…
Providence Journal
How to Fix Too Big to Fail
As the Competitive Enterprise Institute points out in its constitutional challenge to Dodd-Frank, Title I of the law gives the FSOC the ability to…
Forbes
The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation
The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report. Titled “Taxing Times,” the report paints a dire picture for…
Human Events
How the Shutdown Can Inform the Debt Ceiling Debate
Co-authored by George Landrith. It’s all-shutdown-all-the-time in Washington these days. But all that talk has obscured the far bigger challenge facing the nation next week,…
Daily Caller
‘Why now?’ Fitch’s downgrade threat raises questions
“My question is ‘Why now?’” John Berlau, an economist at the free market Competitive Enterprise Institute, told The Daily Caller News Foundation. “I just have…
News Release
Ten Questions for Janet Yellen
WASHINGTON, Oct. 10 – Janet Yellen is President Obama’s choice to succeed Ben Bernanke as Federal Reserve Chair. She has extensive experience with the Federal…
News Release
Yellen Pick Shows Left Unconcerned With Value of The Dollar, CEI Analysts Say
WASHINGTON, Oct. 9 – Janet Yellen, now vice-chair of the Federal Reserve, has been selected by President Obama to lead the Fed. She is said…
Washington Examiner
Obama White House closing private businesses to add pain to government shutdown
Obama administration officials are using the government shutdown as an excuse to shut down privately-run tourist attractions, even though doing so costs the government far…
News Release
Twitter – and Investors – Gain from JOBS Act Regulatory Relief
WASHINGTON, Oct. 4 – In its much-anticipated initial public offering filing released Thursday night, Twitter unveiled a company with some room for growth – much…
Washington Examiner
Government Shutdown, Italian Style
Misery loves company, goes the old saying. And in the face of government shutdown, America is not entirely alone. Head to Italy and the average…
Blog
Obamacare Quadruples Rates for Some, Subsidizes Some Wealthy Who Retired Early
Due to Obamacare, North Carolina "will see individual-market" health insurance rates "triple for women, and quadruple for men." In Tennessee, Obamacare will…
Washington Examiner
Lessons from Italy: What happens when businesses are forced to move abroad
Co-written by Emilio Rocca THE 42 employees of Firem, an Italian heating systems maker, returned from their August holidays to find the plant where they…
CNS News
Obamacare Provides $7,200 ‘Divorce Incentive,’ $11,000 for Older Couples
In the Obamacare health insurance exchanges, being married can cost you a lot. Get divorced (or avoid getting married, if you live together), and you…
News Release
Consumer Bureau Gets an F in Transparency
WASHINGTON, D.C., Sept. 26, 2013 — As the Consumer Financial Protection Bureau (CFPB) defends its right to monitor ordinary citizens’ credit card transactions, it is…
Daily Caller
Consumer Financial Protection Bureau accused of violating transparency law
“Just about every time they’re convening, it has to be open to the public . . . and when it’s not open to the public…
Human Events
Stand with Rand on Credit Union Freedom
This week, the nation’s credit unions, member-owned financial services groups, are taking their case to Capitol Hill. On many issues they face, conservatives and libertarians…
Blog
MoveOn admits: “[I]f younger, healthier people don’t participate, then costs will skyrocket and Obamacare will fail.”
MoveOn.org yesterday sent me an appeal asking for $5 to help fund a $250,000 social media campaign supporting ObamaCare targeted to reach young adults. Here’s…
Credit Union Times
Flawed Durbin Ruling Boosts Fed’s Odds:
Since U.S. District Judge Richard Leon issued his shocking decision on July 31 that called for even more draconian price controls under…
Real Clear Markets
Federal Judge Rules Food Stamp Recipients Can Unionize
In a surprise ruling, a three judge panel of the Ninth Circus Court of Appeals issued a unanimous opinion supporting the right of Supplemental Nutrition…
Investor's Business Daily
US Air, AMR Vow To Fight DOJ Lawsuit To Block Merger
"This administration's Department of Justice has a different posture than past DOJs, which had a more conservative approach to antitrust measures," said Marc Scribner, transportation…
Forbes
Caveat Emptor Banking: Peer-To-Peer Lending Challenges Too-Big-To-Fail Status Quo
Imagine a financial institution that the government cannot deem too big to fail, requires no deposit insurance, can never be subject to a run, needs…
Las Vegas Review Journal
Government moves to block airline merger, warns of higher fares, fees
But the open-market-leaning Competitive Enterprise Institute called the Department of Justice action “deeply misguided.” “On the heels of the successful Delta-Northwest and United-Continental mergers,…
Forbes
Caveat Emptor Banking: Peer-To-Peer Lending Challenges Too-Big-To-Fail Status Quo
Imagine a financial institution that the government cannot deem too big to fail, requires no deposit insurance, can never be subject to a run, needs…
Legal Brief
District Court grant of motion to dismiss
A federal judge on Thursday dismissed a lawsuit brought by CEI, 11 state attorneys general, and the State National Bank of Big Spring challenging the…
News Release
Adverse District Court Opinion on Dodd-Frank Deeply Flawed, Case Now on Appeal
Washington, D.C., August 2, 2013 – A federal judge on Thursday dismissed a lawsuit brought by CEI, 11 state attorneys general, and the State National…
News Release
Dodd-Frank Ruling Goes Wrong Way
Washington, D.C., July 31, 2013 – Today, U.S. District Judge Richard Leon struck down debit card price controls in the Dodd-Frank financial overhaul as not…
Politico
Summers nomination fear: Market jitters – Has the economy already peaked? – Democrats blur line on tax policy
WSJ’s op-ed by Competitive Enterprise Institute’s John Berlau and Kyle Tassinari: “Here's some good financial news for millions of Americans: The provision in Dodd-Frank that imposed a…
Free Beacon
Harry Reid May Invoke Nuclear Option to Achieve Confirmation of Mel Watt
“Mel Watt’s career has been all about granting government goodies to big banks as well as his favored liberal constituencies,” said John Berlau, senior fellow…
CBN
Detroit Officials Defend Bankruptcy Decision
Is the bankruptcy filing a good thing for Detroit? Bill Frezza, a Boston based venture capitalist and fellow at the Competitive Enterprise Institute, talks about…
Wall Street Journal
In Praise of Banking at Big-Box Stores
Cowritten by Research Associate Kyle Tassinari Here's some good financial news for millions of Americans: The provision in Dodd-Frank that imposed a three-year moratorium on…
Huffington Post
Want to Revive Glass-Steagall? Try This Wall of Separation Instead
A debate is raging on the left, the right, and even in libertarian circles on the best way to escape from the Too-Big-To-Fail quagmire. These…
New Britain Herald
BUSINESS SCENE: Dodd-Frank bill not living up to expectaions
Others aren’t so sure. John Berlau, senior fellow at the Competitive Enterprise Institute, said if the president wants to focus on the “north star” of…
News Release
CEI Challenges Cordray to Live Up to His Recess Appointment Claims
WASHINGTON, D.C., July 17, 2013 — Richard Cordray has been approved as director of the Consumer Financial Protection Bureau (CFPB), 19 months after he was…
Newsmax
Free Speech Trumps SEC Advertising Ban
Wednesday was finally the day that the Securities and Exchange Commission — one year and three months after it was instructed to do so by…
News Release
CEI’s Berlau: “It’s About Time” SEC Permits Free Speech for Hedge Funds, VCs, and Entrepreneurs
WASHINGTON, D.C., July 10, 2013 — It took a year and three months after the Jumpstart Our Business Startups (JOBS) Act was signed into law,…
Newsmax
In Europe Cutting Taxes and Spending Leads to the Best Results
Matthew Melchiorre, the Competitive Enterprise Institute’s Warren Brookes Journalism Fellow, has written a report on so-called austerity in Europe showing that many…
Daily Caller
Consumer Financial Protection Bureau compared to NSA
“The CFPB is demanding mounds and mounds of data during the examination process of financial institutions, basically making the implicit threat that they either give…
Forbes
Coming Soon: A Dramatic Downshift In Company Size, Plus Hours Worked
The regulatory state never sleeps, relentlessly working day and night to tilt the economic playing field in favor of the politically connected. The regulations it…
Forbes
Coming Soon: A Dramatic Downshift In Company Size, Plus Hours Worked
A recent study on the impact on business growth of regulatory thresholds built into Italian labor laws is quite instructive of how this works. In…
National Review
Dodd-Frank’s Early Returns
‘Admit it . . . you haven’t read it all either.” Thus said a New York Times op-ed (by Bono, of all people) about…
Investor's Business Daily
Online ‘Fairness’ Tax Could Hit Your 401(k)
Financial transaction tax proposals have prompted much debate over the past year, both in the U.S. and internationally. In February, the European Union proposed allowing…
Forbes
The IRS Fiasco Is Only The Tip Of The Iceberg
You certainly hear some amazing things in congressional testimony. Lois Lerner, the head of the IRS unit that determines whether organizations receive tax-exempt status, claimed…
Blog
Anti-Business and Anti-Freedom: The United Nations Convention on the Rights of Persons with Disabilities
In the American Spectator, CEI Vice President for Strategy Iain Murray and Geoffrey McLatchey explain why the Senate should be skeptical of the United Nations Convention…
Forbes
More mischief
Now comes word that the Environmental Protection Agency has been abusing the Freedom of Information Act. Agencies can charge FOIA request makers for the…
Forbes
Self Help Africa: Why Only Profits Can Cure Poverty
The importance of profiting from one’s efforts ought to be an easy concept to embrace. It is why humans no longer live in caves. If…
