Federal Times: Why US Postal Service Rates Keep Going Up

Consumers nationwide are struggling in new, alarming ways to manage the economic challenges of price inflation and shortages of necessary goods. Rapid increases in the cost of gasoline, groceries, and other household items have a particularly harsh impact on those with the least wiggle room in their budgets, namely everyday citizens and small businesses. While the federal […]

The Economic Standard: Fintech Faces Regulatory Peril

Over the past decade, the way Americans accessed capital has changed dramatically. Whereas previous generations relied on financing from high-street banks, today’s young adults and unbanked consumers are more likely to use fintech companies, mostly accessible through their smartphones. Despite the significant change and democratization of consumer finance, the Consumer Finance Protection Bureau (CFPB) has […]

Stablecoin Legislation Seeks to Preserve the Growth of Blockchain-Based Currency

While cryptocurrency’s crash has grabbed headlines, the public’s understanding of the underlying technology remains limited. Only 4% of Americans were able to pass a 17-question quiz assessing their baseline knowledge of cryptocurrency, even though in a separate poll, 16 percent of Americans reported having purchased crypto. Despite the lack of knowledge regarding how the technology […]

The Well: Under Risk Rating 2.0, High-Income Communities Finally Pay Their Fair Share

Low-income neighborhoods face long roads to recovery as they are often disproportionately affected by natural disasters like hurricanes and flooding. Yet, instead of paying an equitable amount for the coverage they need, they continue to subsidize flood insurance for affluent, coastal communities. However, implementing a new FEMA flood pricing methodology, referred to as Risk Rating […]

Is Student Debt Forgiveness Welfare for the Rich?

In a press conference last month detailing new “targeted” student loan forgiveness, President Biden floated the possibility of canceling much larger amounts of student debt for some Americans in the future. The Biden Administration has already committed to expanding loan forgiveness eligibility for several existing federal programs, which the Department of Education estimates is worth […]

Statement Regarding Florida’s Special Legislative Session on Property Insurance

The American Consumer Institute urges Florida Governor Ron DeSantis and the state legislature to strongly consider tort reform during their upcoming special legislative session. Over the years, Florida has suffered from a range of issues related to insurance fraud, frivolous lawsuits, and the assignment of business suits, each contributing to a poor business environment for […]

Does Cryptocurrency Need a New Regulatory Structure?

While cryptocurrency is still a relatively new phenomenon, its popularity is growing. The three largest cryptocurrencies—Litecoin, Bitcoin, and Ethereum—have around 1.5 million daily transactions. The increased ease and transparency drive cryptocurrency’s use it brings to financial transfers. While streamlining transactions saves consumers time and money, the underlying concept of transferring value has not changed. The […]

Statement by American Consumer Institute Regarding the Congressional Letter to Visa and Mastercard on Interchange Fees

The American Consumer Institute is concerned to learn that a letter has been sent by a few U.S.  legislators, led by Senator Dick Durbin of Illinois, to Visa Inc. and Mastercard Inc. regarding reports of pending increases in interchange fees on merchants. The letter expresses misplaced fears that such plans would lead merchants to pass […]

Competing Interests: Antitrust vs. Corporate Welfare

Despite legislative efforts motivated by techlash against big tech, state governments are creating perverse financial incentives to draw them and other businesses to their states by implementing corporate welfare packages. Not only do taxpayers end up footing the bill for these financial incentives, but too often, these programs fail to live up to their lofty […]

HUD Study on FHA Loans Offers Lessons on Avoiding Risk

In 2018, an interesting study was published by the nonprofit R Street Institute, which found that the Federal Housing Finance Agency (FHFA) was allowing government sponsored enterprises (GSEs) to issue federal loans without requiring earthquake insurance for borrowers, potentially putting the taxpayer at substantial risk should a catastrophe occur. Now several years later, a report […]