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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…
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Fed Chair nominee Warsh has mixed signals in Senate hearing
Kevin Warsh’s confirmation hearing for Federal Reserve Chair in the Senate today prompted questions about future Fed policies. While his testimony had promising signals, several…
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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…
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Federal regulator fights state regulation of prediction markets – a gain for ordinary entrepreneurs and investors
Today, Commodity Futures Trading Commission Mike Selig announced actions to attempt to block state regulation of prediction markets that offer contracts on sports and political…
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Housing bill aids affordability through deregulation
Last night, the U.S. House of Representatives passed by 390-9 the bipartisan Housing for the 21st Century Act. CEI scholars highlight the bill’s most…
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Trump’s pick for Fed chair spurs doubt on key issues
President Trump has decided on a nominee for the next Federal Reserve chair – Kevin Warsh, financier, bank executive, and former Federal Reserve Board of…
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Trump ban on institutional investors will harm housing affordability
President Trump today called for a government ban on “large institutional investors” purchasing single-family homes. While the ban may be aimed at making housing…
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Rescheduling marijuana to a less restrictive category will benefit liberty and public health
President Trump signed an executive order today intended to fast track the rescheduling of cannabis from a Schedule I substance, the same as heroin,…
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Visa and Mastercard settlement with US merchants will cause confusion for consumers and harm community banks
Visa and Mastercard have reached a settlement in their 20-year-long legal battle with US merchants. The settlement gives merchants the ability to reject reward-based credit…
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CFPB budget woes underscore fundamental problems with bureau’s set up
The Consumer Financial Protection Bureau (CFPB) may run out of money soon, according to news reports. The bureau has been controversial from the start due…
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Trump’s call to end corporate quarterly reporting mandates would boost competitiveness, end onerous regulation
President Trump today used a social media post to call on the SEC to end quarterly reporting mandates for publicly traded companies and instead move…
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Courts should allow CFPB to vacate case against small mortgage firm
U.S. District Judge Franklin Valderrama on June 12 denied a request by the Consumer Financial Protection Bureau to vacate a Biden-era settlement against the Chicago-based mortgage…
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Coalition urges Commodity Futures Trading Commission cut red tape on prediction markets
The Competitive Enterprise Institute today sent a coalition letter to the Commodity Futures Trading Commission (CFTC) urging it to adopt a policy of permissionless innovation…
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President Trump announces Executive Orders aimed at slashing overregulation within federal agencies: CEI analysis
On Wednesday, President Trump announced several Executive Orders aimed at slashing overregulation in federal agencies through sunsetting and repealing outdated or unnecessary rules. The Orders…
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CFPB seeks to un-do lawsuit against small mortgage firm: CEI statement
The Consumer Financial Protection Bureau this week took the unusual step of requesting to vacate a lawsuit and settlement penalizing a small Chicago-based mortgage…
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Trump administration appoints free market champion Mark Calabria to OMB post: CEI statement
The Trump administration has appointed free market advocate Mark Calabria as Office of Management and Budget (OMB) Associate Director for Treasury, Housing, and Commerce. CEI’s…
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Bill capping credit card interest rates will curb consumer credit options: CEI analysis
Sen. Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) today introduced legislation to cap credit card interest rates at ten percent, a plan that would have…
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Trump’s pick for acting CFPB director is good news for consumers & financial innovation
CEI Director of Finance Policy John Berlau praised President Trump’s pick to act as head of the Consumer Financial Protection Bureau, following the firing of…
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Trump EO on digital currency welcomes innovation in cryptocurrency
President Trump today signed a pro-digital currency executive order establishing a President’s Working Group on Digital Asset Markets, within the National Economic Council, aimed…
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Trump nominee for SEC will refocus agency on core mission
President-elect Trump has nominated prior SEC commissioner Paul Atkins as chair of the agency, a move that CEI Director of Finance Policy John Berlau believes…
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Biden DOJ’s antitrust lawsuit against Visa unfounded
The Biden Justice Department today announced an antitrust lawsuit against Visa, alleging the company illegally monopolized the debit card market by enticing merchants away from…
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Fed reduces interest rates by 50 basis points: CEI analysis
The Federal Reserve today cut interest rates by 50 basis points, the first rate reduction in over two years. CEI experts give their analysis…
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Biden DOJ prosecution of RealPage will undermine multifamily housing supply and affordability
The Biden Justice Department along with 8 state attorneys general on August 23 announced a lawsuit against real estate software company RealPage, accusing the company…
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Biden Rent Control Idea is Bad Housing Policy
President Biden today issued a call to impose federal limits on rent increases nationwide. That idea would have many drawbacks, not just for landlords…
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Supreme Court curtails SEC administrative law court powers
The U.S. Supreme Court today ruled that a hedge fund manager accused of securities fraud is entitled to a jury trial because the Securities and…
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Supreme Court Disappoints on Funding/Powers Question in Ruling in CFPB Case
The Supreme Court today issued a disappointing ruling in CFPB v. Community Financial Services Association of America, a lawsuit challenging the unchecked funding of…
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CEI praises measure to overturn CFPB’s destructive price controls on credit card late fees
On Wednesday, the House Financial Services Committee is expected to approve a Congressional Review Act (CRA) resolution sponsored by Rep. Andy Barr (R-KY) to overturn…
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CFPB Price Controls on Late Fees Mean Less Credit, Higher Costs for Cardholders
Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule on credit card late fees that would do far more harm than good, according…
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Coalition Warns Against RECOUP Act that Gives Vast Powers to Banking Regulators
The Competitive Enterprise Institute and Americans for Tax Reform today led a coalition letter to congressional leaders opposing the RECOUP Act. CEI’s John Berlau explains…
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Capital One/Discover Merger Not a Threat to Competition, Overregulation Is
The proposed merger between Capital One and Discover is not a threat to competition in the credit market, but there is one big looming threat…
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CFPB Overdraft Proposal Would Harm Consumers
Today, the Consumer Financial Protection Bureau – as part of the Biden administration’s whole-of-government crusade against “junk fees” – unveiled a proposed rule that…
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Report: Energy Tax Targeting Crypto Industry – Bad Idea for a New Year
A new Competitive Enterprise Institute report investigates whether the energy usage of certain cryptocurrencies like Bitcoin merits a targeted electricity tax on the industry…
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A Supreme Court ruling against CFPB would benefit consumers: CEI analysis
Today, the Supreme Court will hear oral arguments in CFPB v. CFSA, in which the Court will decide if the CFPB’s funding structure, which bypasses…
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Grayscale Decision Curtails “Arbitrary and Capricious” SEC and Enhances Investor Options
Today, the U.S. Court of Appeals for the D.C. Circuit unanimously ruled in Grayscale Investments v. SEC that the Securities and Exchange Commission’s denial…
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Court Ruling on Ripple Cryptocurrency Case Curbs SEC Powers
A federal court has weighed in on whether a prominent cryptocurrency can be regulated by the U.S. Securities and Exchange Commission (SEC) as a security…
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SEC’s Case Against Coinbase Threatens All U.S. Entrepreneurs
John Berlau, CEI Director of Finance Policy, today criticized the SEC for its ill-founded lawsuit targeting Coinbase: “The Securities and Exchange…
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Congress Must Examine First Republic’s Woke Financing and Risk Management Regulation
Regulators today seized the failed First Republic bank and sold its operations to JPMorgan Chase. CEI financial policy expert John Berlau reiterated the need for…
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Supreme Court Ruling Ensures People Can Challenge Agency Authority in Court
The Supreme Court ruled today that regulatory agency tribunals do not have any special expertise in deciding constitutional law questions; therefore, district courts can hear…
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Congress Shouldn’t Compound Silicon Valley Bank Collapse with Bailouts and Bad Ideas
The Silicon Valley Bank collapse has spurred some terrible policymaking ideas in Congress, exacerbating bad decisions by the bank that has led to its collapse.
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Supreme Court Rightly to Review CFPB Funding Constitutionality
The Supreme Court today announced it will review the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) funding, an unusual arrangement of unchecked funding from…
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CFPB Cap on Credit Card Late Fees = Price Controls that Raise Cost of Credit for Everyone
The Biden White House is touting a new proposed rule from the Consumer Financial Protection Bureau that would cap most credit card late fees…
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FTX Crypto Problems Reveal SEC Shortcomings, As Well: CEI Analysis
The current collapse of cryptocurrency company FTX has exposed another festering problem with how the industry is being regulated, says CEI Senior Fellow John Berlau:…
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Biden Wrong About “Junk Fees” in Sweeping Government Mandate
Today the Biden administration announced a new whole-of-government initiative against “junk fees” from airlines, banking, and other industries. But what he is calling junk fees aren’t…
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Court Rules CFPB Funding Structure Unconstitutional: CEI Statements
A Fifth Circuit panel ruled Wednesday that the Consumer Financial Protection Bureau’s unusual funding structure is unconstitutional, in a lawsuit brought by a small-dollar (payday)…
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Bipartisan Cryptocurrency Bill Takes Good Steps for American Innovation
Today, Senators Lummis and Gillibrand released their much anticipated bill on cryptocurrency regulation. CEI financial policy expert John Berlau praised aspects of the bill…
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SEC Climate Disclosure Rule Will Cause Big Problems, CEI Experts Predict
Today the Securities and Exchange Commission described a new rule it plans to impose concerning climate disclosure requirements that may affect even private companies as…
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After Bloom Raskin Withdrawal, Biden Should Nominate Someone Focused on Financial Stability, Monetary Policy
President Biden’s nominee to be Federal Reserve Vice Chair for Supervision Sarah Bloom Raskin withdrew her nomination from consideration today, after it became clear that…
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CEI Statement: Biden Executive Order to Target Crypto for Regulation
The White House is set to release an executive order today regulating cryptocurrency. CEI Senior Fellow John Berlau expressed concerns about the order and the…
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CEI Joins AEA in Opposing Sarah Bloom Raskin’s Nomination to Federal Reserve
The Competitive Enterprise Institute (CEI) signed onto a letter by the American Energy Alliance (AEA) opposing the White House’s nomination of Sarah Bloom…
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Biden Bank Regulator Nominee Withdraws Due to Bipartisan Opposition
President Biden’s pick for Comptroller of the Currency withdrew today after critics, including the Competitive Enterprise Institute, exposed her many statements sympathetic to communism. CEI…