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
Blog
Are stablecoins already delivering what CBDCs promise?
Many proposals for a central bank digital currency (CBDC), a digital form of the US dollar issued by the Federal Reserve, have circulated…
Center Square
After rate hike, economists weigh tariffs’ role in inflation
CEI’s Senior Economist Ryan Young was quoted by Center Square in their analysis of tariffs impact in inflation. Ryan Young, senior economist…
News Release
Federal Reserve raises interest rates, eyes on future economic policy: CEI analysis
Today, the Federal Reserve has decided to raise interest rates by 25 basis points, the first increase in over three years. The decision…
Search Posts
Blog
Fintech: A Bipartisan Priority for the 116th Congress
While the 115th Congress did not achieve all that was hoped for with regards to financial services reform, it did make important progress to achieving…
News Release
Senate Plan to Reform Mortgage Giants Fannie Mae and Freddie Mac Would Make Things Worse for Taxpayers, Consumers
Senate Banking Committee chairman Mike Crapo released a proposal today to reform mortgage giants Fannie Mae and Freddie Mac, but the plan creates a big…
Blog
Rep. Waters Reiterates Support for JOBS Act 3.0
In a major speech to a liberal group outlining her priorities as chairman of the House Financial Services Committee, Rep. Maxine Waters (D-CA) sharply criticized…
Institute of Public Affairs
GFC Lessons Not Learnt
This year marks a most unhappy tenth anniversary—the onset of the global financial crisis. What began as a meltdown of the American real estate market…
Daily Mail
Chips are Down for Online Gamblers as US Moves Toward New Ban
Daily Mail cited Senior Fellow Michelle Minton on online gambling: But Michelle Minton, a senior fellow at the Competitive Enterprise Institute, said the…
Newsmax
Don’t Let Red Tape Stunt Innovative Cryptocurrency
As cryptocurrency and the associated blockchain celebrate their tenth birthdays, the new “Free to Prosper” agenda for the 116th Congress — published by my…
Inside Sources
CFPB May Scrap Underwriting Requirements for Payday Loans
Inside Sources cited Policy Analyst Daniel Press on his paper, How the Consumer Financial Protection Bureau’s Payday Loan Rule Hurts the Working Poor.
Blog
Agenda for the 116th Congress: Banking and Finance
Perhaps one of the most under-appreciated aspects of our modern world is the fact that finance is fundamental to the operation of a free and…
The Hill
Supreme Court Waives off Challenge to CFPB Structure
The Hill cited CEI on State National Bank of Big Spring v. Mnuchin: The State National Bank of Big Spring, the Competitive Enterprise Institute…
News Release
Trump Justice Department Pits 1961 Law Against Online Gambling
In an effort to strike at online gambling, the Department of Justice Office of Legal Counsel this week issued a new opinion that will allow…
News Release
Supreme Court Declines to Hear Lawsuit Challenging CFPB Constitutionality
The Supreme Court today declined to hear a lawsuit challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB).
Reason
The DOJ Shouldn’t Reignite the Fight Against Intrastate Gambling
Reason cited research by Senior Fellow Michelle Minton on state gambling regulations and the Department of Justice. Research into a history of the Wire…
Blog
Agenda for the 116th Congress: The Second Decade of Crypto-Blockchain
As cryptocurrency and the associated blockchain celebrate their tenth birthdays, CEI’s new “Free to Prosper” agenda for the 116th Congress aims to ensure bureaucratic red…
Blog
Year in Review 2018: Consumer Financial Protection
2018 was a big year for the Consumer Financial Protection Bureau (also known, for a while, as the Bureau of Consumer Financial Protection). The past year…
Products
Free to Prosper: Banking and Finance
View the full chapter on banking and finance here Access to capital is fundamental to the operation of a free society. It allows for…
The Hill
Supreme Court Should do What Congress Won’t: Rein in the Bureau of Consumer Financial Protection
This April, something remarkable happened in Washington D.C. The acting head of a federal agency told Congress that the agency he directs “is far too…
News Release
CEI: Rumored DOJ Memo to Restrict States’ Power to Regulate Intrastate Gambling Would be “Dangerous Precedent”
According to reports, the Department of Justice is considering releasing a memo that reverses a 2011 decision by the Office of Legal Counsel (OLC) which…
Blog
Year in Review 2018: Operation Choke Point
Every Halloween, there exists the temptation for commentators to describe routine events in the news with adjectives like “scary” and “frightening.” Sensitive to sounding clichéd…
Cayman Financial Review
Judicial Fortitude: The Last Chance To Rein In the Administrative State, by Peter Wallison
Peter Wallison is a rarity in public life. He has been both a high-level government official in the administration of President Ronald Reagan and a…
National Mortgage Professional
Senate Confirms Kraninger to Run CFPB
National Mortgage Professional cited CEI’s John Berlau on the Senate’s confirmation of Kathleen Kraninger as Director of CFPB. “John Berlau, Senior Fellow at the…
News Release
CEI Commends Trump Nominee to Oversee Housing Finance Agency
President Trump has nominated economist Mark Calabria to head the agency in charge of supervising government-sponsored mortgage loan buyers Fannie Mae and Freddie Mac. The…
Blog
Five Priorities for New BCFP Director
Kathleen Kraninger was confirmed as director of the Bureau of Consumer Financial Protection. She has promised to implement a free market reform agenda, focusing on…
Inside ARM
BREAKING: Senate Confirms Kraninger As Next Director Of BCFP
Inside ARM cited CEI’s Senior Fellow John Berlau on Kathy Kraninger confirmation. Today, the Senate voted on and confirmed Kathy Kraninger as the…
News Release
CEI Hopes New Director of Bureau of Consumer Financial Protection Will Continue Tough-But-Fair Approach to Regulation
Competitive Enterprise Institute Senior Fellow John Berlau praised today’s Senate confirmation of President Trump’s nominee to head the powerful Bureau of Consumer Financial Protection (BCFP)…
Blog
Senate Democrats’ Report Misses Mark on Mulvaney
While President Trump’s nominee to head the Bureau of Consumer Financial Protection, Kathleen Kraninger, awaits a final confirmation vote in the Senate, Senate Democrats have…
Breitbart
CFPB Nominee Kathleen Kraninger Clears Cloture Hurdle In Senate
Breitbart cited CEI’s Senior Fellow John Berlau and Policy Analyst Daniel Press on Kathleen Kraninger nomination. The vote was strictly along party lines,…
Letters
CEI Joins Coalition Letter Opposing Extension of Electric Vehicle Tax Credits
We, the undersigned organizations, write to strongly object once again to any effort to expand the current electric vehicle tax credit in any way. The…
IA InsideARM
Senate Vote On Kraninger To Lead BCFP Expected Tomorrow
IA InsideARM cited CEI’s Senior Fellow John Berlau and Policy Analyst Daniel Press on BCFP nominee Kathleen Kraninger. As insideARM reported earlier,…
News Release
Senate Should Confirm Trump Nominee for Bureau of Consumer Financial Protection: CEI Statements
This week, the United States Senate is expected to vote on President Trump’s nominee to head the powerful Bureau of Consumer Financial Protection. CEI financial…
Blog
Lame Duck Session Should Undo Crippling Rules on Middle-Class Investors and Entrepreneurs
Next year, with Congress divided once again, bipartisan legislation will be the order of the day. Indeed for passage of both chambers, it will be…
Blog
Bureau of Consumer Financial Protection Needs to Rewrite Payday Loan Rule
Last week, I wrote a blog post on how the Bureau of Consumer Financial Protection could go about narrowly rewriting the payday loan rule. This would…
Blog
How to Rewrite the Payday Loan Rule
Last Friday, the Bureau of Consumer Financial Protection announced that it will be reconsidering its’ controversial Payday, Vehicle Title, and High-Cost Installment Loan rule.
Blog
Help the Poor by Making Their Lives Less Expensive
The Cato Institute’s Ryan Bourne has a great new study (and accompanying video) out about social welfare, government spending, and regulatory reform.
Blog
Promise and Pitfalls of Treasury Fintech Report
July 31st, 2018, was one of the most exciting days for financial technology regulation in recent memory. Around 10 a.m. that morning was when the…
CUtoday
Competitive Enterprise Institute Gets Update On CUs From CUNA
CUtoday cited CEI’s CUNA event. WASHINGTON—The Competitive Enterprise Institute here was given an update on the state of credit unions and potential opportunities…
Credit Union National Association
CUNA’s Nussle, Schenk Talk CU Regulatory Climate At CEI
Credit Union National Association cited CEI from CUNA event. CUNA President/CEO Jim Nussle and Deputy Chief Advocacy Officer for Policy Analysis Mike Schenk…
Washington Examiner
Congress Already Ruined Sports Betting Once; Don’t Let Them Do it Again
After a prohibition lasting more than two decades, Americans outside Nevada can at last bet on sports without breaking the law.
Blog
Five Western States Will Vote on Energy Questions on November Ballots
Five western states have initiatives or referendums on energy issues. They include increasing renewable energy mandates, instituting a carbon tax, restricting oil and gas production,…
Comment
Testimony of Michelle Minton on Post-PASPA: An Examination of Sports Betting in America
Chairman Sensenbrenner, Ranking Member Jackson Lee and Members of the Subcommittee, thank you for the opportunity to present comments on behalf of my organization, the…
Products
CEI Joins Coalition Letter Urging House Passage of Tax Reform 2.0 Legislation
The Honorable Paul Ryan Speaker U.S. House of Representatives H-232, The Capitol Washington, D.C. 20515 The Honorable Kevin Brady Chairman House…
The Washington Examiner
A Decade after the Financial Crisis, the Government Fuels Another Housing Bubble
Ten years ago this month marks the anniversary of one of the most dramatic events of the 2008 financial crisis: the collapse of Lehman Brothers,…
Blog
Congress Should Stay out of Sports Betting Regulation
For the first time in twenty-five years, Americans can legally wager on the outcome of sporting events outside of Nevada. Thanks to a Supreme…
Blog
Free-Market Groups Urge Congress to Eliminate, Not Expand, Electric Vehicle Tax Credits
In a joint letter released this week, thirty free market groups urged House Ways and Means Chairman Kevin Brady (R-TX) to oppose “any effort to expand…
Blog
The Financial Crisis 10 Years Later: What’s Changed?
Ten years ago, the United States plunged into a financial crisis that would bring the world economy to the brink of collapse. The housing bubble…
Blog
Zoning Laws Are Holding Back America’s Cities
The options we have for housing are determined, in part, by the houses and apartment buildings that developers choose to build. But what they are…
Blog
The Financial Crisis 10 Years Later: Restrictions on Housing Supply Makes Matters Worse
The broader financial crisis of 2007-2008 was the result of the U.S residential housing market collapse. That housing collapse itself was a consequence of an…
Blog
The Financial Crisis 10 Years Later: Fannie and Freddie Fueled the Subprime Mortgage Bubble
If anything symbolizes the American dream, it is homeownership—an asset that is viewed as part of a route from poverty and exclusion to independence and…
Blog
The Financial Crisis 10 Years Later: A Legacy of Racist Government Housing Policy
A decade ago this Saturday, the world shook as Lehman Brothers, the fourth-largest investment bank in the United States, filed for bankruptcy. Representing one of…
News Release
Ten Year Anniversary of Financial Crisis and Nothing Has Improved
It’s been 10 years since investment bank Lehman Brothers filed for bankruptcy as of September 15, marking the epicenter of the infamous 2008 financial crisis.
Blog
Democratic Attorneys General Wrong on Fair Lending Laws
On Wednesday, a coalition of fourteen Democratic attorneys generals wrote a letter to the Bureau of Consumer Financial Protection urging the acting director, Mick…
Staff & Scholars
John Berlau
Senior Fellow and Director of Finance Policy
- Banking and Finance
- Deregulation
- Financial Regulation
Iain Murray
Vice President for Strategy and Senior Fellow
- Banking and Finance
- Trade and International
Steve Swedberg
Finance and Monetary Policy Analyst
- Banking and Finance
- Deregulation
- Financial Regulation