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
Deputizing banks for citizenship verification could halt America’s financial greatness
A few weeks after he was confirmed as Treasury secretary last year, Scott Bessent delivered a message to the American Bankers Association that regulatory relief…
News Release
Inflation increases again in April, no end in sight for higher energy prices: CEI analysis
The Consumer Price Index for April shows inflation increased by 0.6 percent across all sectors, slightly lower than March’s 0.9 percent but still indicates…
News Release
SEC seeks end to quarterly reporting mandate: CEI analysis
The Securities and Exchange Commission today proposed to end mandatory quarterly reporting for public companies and switch to semiannual reporting. “The SEC has made…
Search Posts
Citation
Consumer Financial Protection Bureau – be careful what you wish for
Op-Eds
General Motors Still Losing Billions (Letter to the Editor)
The Washington Times was right to criticize the Obama administration for its misleading hype about General Motors repaying $6.7 billion of the $50…
Newsletter
Financial Regulation, Mandatory Voting, and Class Action Lawsuits
The Senate votes on Banking Committee Chairman Chris Dodd's financial regulation bill. The town of Ridgeway, Colorado votes on whether to make voting mandatory for…
Op-Eds
ObamaCare vastly expands IRS red tape
“Billions of more documents” will be have to be filled out by small businesses for the IRS so that a “spendthrift Congress can shake…
News Release
‘Grave Concerns’ Persist on Stalled Senate Financial Reg Bill
Washington, D.C., April 28, 2010—For the third time in three days, Senate Republicans joined by Ben Nelson (D-Neb.) have defeated an effort to ram…
Blog
ObamaCare Vastly Expands IRS Red Tape and Power, Raises Medical and Insurance Costs, Taxes, and Deficits, and Harms Very Sick People
“Billions of more documents” will be have to be filled out by small businesses for the IRS so that a “spendthrift Congress can shake…
Newsletter
Illegal Immigration, SEC Porn and Financial Reform
Arizona’s new immigration bill has brought immigration reform to the forefront of national debate. The blogosphere is abuzz with the news that employees of the…
Op-Eds
Enough with SEC Porn; What about Obama’s Financial Lies?
There are plenty of problems with the financial “reform” bill, but the media aren’t interested in that. They’re much more interested in revelations that…
Op-Eds
Economists: Stimulus Didn’t Contribute to Economic Rebound
“The recovery is picking up steam as employers boost payrolls, but economists think the government’s stimulus package and jobs bill had little to…
Blog
ObamaCare Will Raise Insurance Premiums and Health Care Costs, Perhaps Bankrupt Hospitals, Federal Officials Admit
“Economic experts from President Obama’s own Health and Human Services Department have released a devastating report noting that Obamacare ‘will increase national health care…
Newsletter
Financial Regulation, Online Gambling and Chewing Tobacco
The Senate is set to vote on Senate Banking Committer Chairman Chris Dodd's bill to extend financial regulation. A new study estimates that the ban…
Blog
Porn More Interesting to Media Than Flaws of Financial ‘Reform’ Bill; Obama Is “Lying His Face Off”
There are plenty of problems with the financial “reform” bill, but the media aren’t interested in that. They’re much more interested in revelations that senior…
Op-Eds
Dodd Financial Bill Attacks Main Street
As Congress prepares to vote on debating Sen. Chris Dodd’s “Restoring American Financial Stability Act,” a broad spectrum of conservative and free-market groups expressed…
Blog
Center-Right Coalition Letter Opposes Toxic Provisions in Dodd Bill
Below is a letter sent today to the Senate that was signed by several prominent groups in the Center-Right Coalition expressing “grave concerns about the…
Blog
“Basic needs” need to be regulated, say Dems
Reason’s Ron Bailey, in an “I told you so” article today, points out that Senate Democrats are poised to support a bill that would…
Newsletter
Wall Street Reform, GM Tomatoes and Chemical Regulation
Obama is gives a speech today in New York on the need to reform Wall Street. The Wall Street Journal reports on the debate over…
Op-Eds
Examiner Right to Oppose Unending Bank Bailouts (Letter to the Editor)
The Examiner was right to oppose the Trojan horse financial “reform” bill that would enrich Goldman Sachs, the Wall Street firm that makes big…
Op-Eds
Wall Street Bill Targets Nevada Incorporations
Over the past year, Senate Majority Leader Harry Reid has made pointed efforts to show Nevadans his advocacy on their behalf. In defending new…
Newsletter
Salt Police, Pensions and Union Contracts
The FDA is launching a new initiative to limit the amount of salt in processed food. The White House task force on the middle class…
Citation
Mark-to-Market Accounting Rules
Blog
Insurers need a fallback plan
It seems that insurance companies can do no right. This is especially true when it comes to setting rates. Customers demand high quality insurance coverage,…
Newsletter
Stevens’ Legal Legacy, Goldman Sachs and Internet Gambling
Supreme Court Justice John Paul Stevens is retiring. The SEC is charging Goldman Sachs with securities fraud. Opponents of internet gambling are circulating a memo…
Op-Eds
The Obama-Dodd-Frank-Everthing’s-A-Bank-Bill
Liberal pundit Michael Kinsley once defined a political gaffe as an instance of a politician accidentally telling the truth. House Financial Services Committee Chairman…
Citation
Goldman Sachs Fraud Charges
Newsletter
Liquor Licensing, Off-label Drugs and Fannie & Freddie
A new proposal in New York to set up a “medallion” system of liquor-licensing will serve as a compromise between wine retailers and grocery store…
Syracuse - Opinion
Property Rights: Eminent domain law gives developers unfair leverage
Newsletter
State Pensions, Cesar Chavez, and Wine Deliveries
Virginia Governor Bob McDonnell is trying to boost the state economy by reforming state employee pension plans. President Obama declares March 31th “Cesar Chavez Day”…
Syracuse - Opinion
Consumer Use and Government Regulation of Title Pledge Lending
Blog
Barack Obama and Liberal “Good” vs. Freedom
There's a great op-ed by Shelby Steele in today's Wall Street Journal, called "Barack the Good". In it, Steele argues that "today's liberalism is focused…
Syracuse - Opinion
Aussie Securities Case May Make U.S. Litigation Magnet
Headquartered in Melbourne, the second largest city of the land down under, National Australia Bank is firmly attached to its home country. The primary…
Newsletter
Australian Investors, New York Roommates and David Frum
Australian investors bring a lawsuit against a Melbourne-based bank to the U.S. Supreme Court. New York City maintains an infrequently-enforced law against four or more…
Blog
Millions of Seniors to be Dumped from Health Plans Due to New Health Care Law
Two million seniors are expected to be dumped onto Medicare from company prescription medication plans, thanks to a poorly-vetted provision of…
Syracuse - Opinion
Millions of Seniors Will Be Dumped from Health Care Due to Reform
Two million seniors are expected to be dumped onto Medicare from company prescription medication plans, thanks to a poorly-vetted provision of the new health…
Blog
Attorney Generals Challenge ObamaCare; New Health Care Law Increases State Budget Deficits, Imposes Marriage Penalties
Virginia Attorney General Ken Cuccinelli and a dozen other attorneys general have filed lawsuits challenging the new health care law signed…
Blog
Liberty Activists get a Black Eye, Keep on Fighting
As would be expected in the face of recently passed health care legislation this sweeping and controversial, pro-liberty citizens have been stepping out to…
Syracuse - Opinion
ObamaCare could make you think twice about saying ‘I do’
The new tax on investors in the health care bill has been increased from 2.9 percent to 3.8 percent, but only a few…
Blog
Health Care Crisis About to Get a Whole Lot Worse
In just a few hours, the House of Representatives will vote on the $940 billion Senate health care bill, followed by a reconciliation package of…
Blog
New Taxes on Investors in Obamacare, and Massive Marriage Penalties, Too
The new tax on investors in the health care bill has been increased from 2.9 percent to 3.8 percent, but only a few media…
Blog
Health Care Bill Would Vastly Expand IRS Power; CBO Ordered to Base Cost Estimate on False Assumptions
“House health care bill dangerously expands IRS power,” say a tax law professor and GOP leaders. The Washington Examiner says that “16,500 more…
Blog
Governors Criticize Health Care Bill for Increasing Unemployment and State Budget Deficits; Tax Increases and Medicare Cuts in Bill Rise
Governors are now criticizing the health care bill backed by the Obama administration, saying it will cause health care costs and state deficits to…
Blog
Even Associated Press Says “Beware” of Obama’s Health Care Overhaul; Retired Judge Calls Health Care Tactic Unconstitutional
Even the Associated Press admits that President Obama is not telling the truth about his health care plan and how it would affect health…
Syracuse - Opinion
The ‘Hidden Lies’ in Obama’s Health Care Plan
Even the Associated Press admits that President Obama is not telling the truth about his health care plan and how it would affect health…
Newsletter
Finance, Trade and Toyota
Sen. Chris Dodd has introduced a new financial reform bill. U.S. Sugar is lobbying to keep government restrictions on sugar imports. The Washington Post’s coverage…
Syracuse - Opinion
Dodd’s Main Street Punishment Bill
With the focus this week on health care’s “home stretch” and concerns about government limiting the ability of ordinary Americans to make choices about…
Newsletter
ObamaCare, Alcohol Taxes, and Insurance Companies
David Brooks, who supported Obama in 2008, talks about the hidden costs of health care. Maryland legislators want to raise the tax on alcohol. Supporters…
News Release
Dodd Bill Punishes Main Street Entrepreneurs, Rewards Fannie and other High Rollers
With the focus this week on health care’s “home stretch” and concerns about government limiting the ability of ordinary Americans to make choices about medical…
Syracuse - Opinion
ObamaCare’s Enormous Cost is Hidden by Dishonest Gimmicks, Admits pro-Obama New York Times Columnist David Brooks
New York Times columnist David Brooks, like other columnists at that staunchly liberal newspaper, supported Obama in the 2008 election. But even he can…
Blog
ObamaCare’s Enormous Cost Is Hidden by Dishonest Gimmicks, Says New York Times Columnist Who Supported Obama in 2008
New York Times columnist David Brooks, like other columnists at that staunchly liberal newspaper, supported Obama in the 2008 election. But even he can…
Blog
$3,000,000,000,000 in Tax Increases in President Obama’s Budget
The president’s proposed budget raises taxes by three trillion dollars over the next ten years, notes Washington fiscal analyst…
Blog
How Do These People Avoid Cognitive Dissonance?
Supporters of the health care bill spend a lot of time attacking health insurance companies. The health care bill would legally require people to give…
Blog
Obama Runs Up Largest Budget Deficit in American History; Monthly Deficit Alone Exceeds Entire Annual Deficit for 2007 Under Bush
“The Obama Administration has run up the largest budget deficit in American history in February of 2010, a whopping total of $220.9 Billion in just…
Newsletter
Pensions, Immigration, and Airport Kisses
The Federal Deposit Insurance Corp (FDIC) is trying to prop up failed banks by encouraging public pension funds to invest in them. Sens. Schumer (D-NY)…
Syracuse - Opinion
Obama Runs Up Largest Budget Deficit in U.S. History
“The Obama Administration has run up the largest budget deficit in American history in February of 2010, a whopping total of $220.9…
Syracuse - Opinion
Obama Wants to Tax Good Banks, Protect Bad Ones
The Obama administration wants to increase taxes on productive banks that are self-supporting, while exempting the mortgage giants and other companies that got massive…
Syracuse - Opinion
Looking Out for the Big Guys
Big is bad, many on the Left believe, but only in business, not in government. Many on the Left rail against mass discounters…
Detroit News
Avoid Land Grabs while Downsizing Detroit
If history is any guide, Mayor Dave Bing’s recent announcement that he intends to pursue aggressive central planning to shrink Detroit is bad news. For…
Blog
The Hidden Costs of Health Care Reform: “Obamacare Is A Budgetary Disaster”
The health care bills backed by President Obama will cost $2.3 trillion, not the $900 billion Obama claims, and will be a “…
Detroit News
Credit Card Bill of Rights
Detroit News
Obama Policies Will Increase National Debt by $9.7 Trillion
“President Obama’s policies would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday.
Blog
Obama’s Policies Will Increase National Debt by $9.7 trillion, Says Congressional Budget Office
“President Obama’s policies would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday. . .The 10-year…
California Eminent Domain Report
An Interesting Argument Concerning Whether Eminent Domain for Economic Development Makes Economic Sense
Newsletter
The Fed, Homeschooling, and Sport Gambling
After many congressional attempts to limit the power of the Federal Reserve, some senators are now moving to give more power to the Fed. A…
Newsletter
Bank Loans, NASA, and Fish Tanks
Chairman of the Federal Deposit Insurance Corporation Sheila Bair chastises large banks for tightening their qualification standards for loans. The emails released by NASA’s Goddard…
CEI Planet
CEI Planet: January – February 2010
To view this issue of the CEI Planet, please click here to download the PDF file. Below are selected articles from the January-February 2010 issue: …
Blog
Torches, Pitchforks, and Congress
“It occurred to me that this panel would only take place, of the industrialized nations, in the United States of America. That in every other…
Newsletter
Credit Cards, Organized Labor, and the Stimulus Anniversary
New credit card regulations go into effect this week. The Washington Post has a front-page story on the difficulty of…
Blog
Credit CARD Act penalizes thrift and entrepreneurship; interchange fee controls would compound harm to consumers
Today, the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 goes into effect. While the law, passed last May, is being hailed as…
News Release
Credit CARD Act Penalizes Thrift And Entrepreneurship
Today, the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 goes into effect. While the law, passed last May, is being hailed as…
California Eminent Domain Report
Credit Card Act Hits Cardholders, Entrepreneurs
Today, the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 goes into effect and is being hailed as a boon for consumers.
News Release
Statement by John Berlau on Credit CARD Act
Statement by John Berlau on Credit CARD Act Today, the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 goes into effect…
Blog
No Fault Failure
On Monday, the RAND Corporation released a comprehensive overview of the no-fault insurance system and documented how the one-time darling of insurance systems has fallen…
California Eminent Domain Report
Founding Father
Blog
“Health Care Freedom” Bills Pass Virginia Senate
The Virginia State Senate passed “health care freedom” bills giving citizens the right not to be forced to buy health insurance. This sets…
California Eminent Domain Report
Obama can Aid Small Businesses by Providing Regulatory Reform
In news accounts about fights over new regulation, the story is almost always the same. The media portray the drama as that of well-intentioned…
Newsletter
The Lessons of the Meltdown, Attacking the Tea Parties and Texting Safety
Former Wall Street Journal editor George Melloan takes on the recent economic meltdown in a new book. A new online campaign aims to fight the…
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Lessening the Rate of Auto Insurance In Detroit May Scare Away Insurers
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Michigan’s Auto Insurance Rates Aren’t Highway Robbery
In most games, fair play is understood as playing by the rules and reaping rewards or penalties within the game’s parameters. Yet for many…
Newsletter
Obama’s Spending Freeze, the UN’s Lack of Peer Review and FDA’s Chemical Worries
President Obama proposes a freeze on discretionary spending. A UN scientist confirms that dramatic claims of Himalayan glaciers melting due to global warming were not…
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Did Ben Fold?
Looking back at the Federal Reserve Board’s attempts at self-justification after the Great Depression in Free to Choose, Milton and Rose Friedman concluded that…
Letters
Audit the Fed First
Dear Members of the U.S. Senate: In the last two years, the Federal Reserve Board has lent several trillion dollars to banks…
Blog
Insured Buildings in Haiti Still Standing
One could consider it ironic that the buildings in Haiti most likely to receive insurance money are those that experienced the least amount of damage.
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Bank Tax “Strictly Political”, but Popular
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Obama’s Bank-Busting Regulation Full of Bugs
President Obama’s proposal on Thursday to bring back 1930s-era separation of commercial and investment banking would do little to prevent the problem of financial…
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Obama’s Glass-Steagal 2.0 Could Crash Financial System
Blog
The bright side of flood insurance
Some Michigan residents are boiling mad that their mortgage lenders are forcing them to purchase flood insurance. The notifications were sent out to residents…
Newsletter
Myths of the Recession, Challenging the EPA and a Victory for Free Speech
Wall Street Journal editor George Melloan challenges popular misconceptions about the recent mortgage crisis and recession in a new book. Four members of Congress challenge…
Newsletter
The Popularity of Al Gore’s Books, Obama’s First Year and Scott Brown’s Impact
NPR reports that people in the UK have resorted to burning used books in their stoves and fireplaces to keep warm amid record-cold temperatures. The…
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Obama Plan to Split Banks Could Crash Economy
President Obama’s proposal today to bring back 1930s-like separation of commercial and investment banks, dubbed Glass-Steagall II or Glass-Steagall 2.0, would do…
News Release
Obama’s Glass-Steagall 2.0 Could Crash Financial System
President Obama’s proposal today to bring back 1930s-like separation of commercial and investment banks, dubbed Glass-Steagall II or Glass-Steagall 2.0, would do little to prevent…
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Crisis Management
One of the more confusing aspects of the great economic meltdown of 2008-09—even more confusing than collateralized debt obligations—has been the tortured…
News Release
Report Card for the Obama Administration
One year ago today, Barack Obama took the oath of office as President of the United States. Since then, he and his appointees have had…
Newsletter
Net Neutrality, the War on Salt and Beach House Insurance
The Federal Communications Commission receives thousands of comments on its proposed “net neutrality” regulations. New York City public health officials launch a campaign to reduce…
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The Bank Tax and the Bay State
As the race for the late Ted Kennedy’s seat goes into the home stretch, financial-services policy has suddenly emerged as a top issue in…
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SarBox Might be Coming to an End
Prospects for substantial relief from or repeal of one of the most burdensome corporate regulations in recent memory have suddenly grown in Congress and…
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Obama’s Penalty Tax Could Hit Banks that Refused TARP Funds
President Obama’s so-called Financial Crisis Responsibility Fee is a tax in search of a target. Today, the president declared, “We want our…
Blog
Experts Question Enormous Cost and Constitutionality of Healthcare Legislation
The health care legislation backed by the president and congressional leaders will increase Americans’ health care costs by more than $200 billion,…
Newsletter
CIA Climate Data, Fannie and Freddie Absent and Health Insurance and Antitrust
The Central Intelligence Agency shares classified satellite data with climate researchers. Executives from Fannie Mae and Freddie Mac are conspicuously absent from the first hearing…
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House Panel Approves Ban On Retail Price-Fixing Deals
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Sarbanes-Oxley: Albatross to Growth
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Sarbanes-Oxley: Albatross to Growth
Many economists, policy makers, and members of Congress of both parties are questioning whether what is good for the Big Four accounting firms is…
