Coalition Letter in Opposition Expansion of the Durbin Amendment

Today, a coalition of nonprofit policy organizations sent a letter to Congress in opposition to any legislation that would expand or mimic the provisions of the Durbin amendment as enacted in the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203). Expanding the Durbin amendment’s interchange fee cap and routing restrictions to credit cards […]

The Hill: Cutting Interchange Fees is a Recipe for Disaster

Every so often, Congress introduces a piece of legislation advocating for some new form of price control claiming it is needed to protect the rights of consumers. Yet, time and time again these price controls fail to live up to their expectation, usually to the detriment of the very consumers they were designed to protect. This op-ed was published […]

Clear Regulations are Essential for Cryptocurrency

Cryptocurrency has moved from a fringe interest to a prominent player in global financial markets. Unfortunately, American lawmakers are struggling to keep up, resulting in contradictory regulations and creating a hostile regulatory environment. Lawmakers need to create clear and transparent rules to facilitate cryptocurrency’s growth and establish the U.S.’ leadership in global markets. Under minimal […]

Capping Interest Rates is Bad For New Mexico Consumers

As New Mexico opened the second session of the 55th legislature, five Democrats introduced a bill that, despite good intentions, would make credit inaccessible for thousands of the state’s residents. While well-intentioned, House Bill 132 would be particularly harmful to the residents of a state that routinely has one of the lowest per capita incomes and highest poverty rates in […]

Town Hall: IRS Snooping Could Imperil Consumer Data

Arguably one of the most concerning provisions in the Democrats’budget reconciliation package is enabling the Internal Revenue Service (IRS) to look into American’s bank accounts if they have deposits greater than $10,000, excluding salaries, each year. Not only does this provision represent a flagrant violation of privacy and a constitutional right to unreasonable search and seizures, […]

Washington Times: Biden’s ‘Build Back Better’ has a Little Slave Labor Problem

U.S. taxpayer dollars should not boost the profits of companies that are facilitating slave labor or building and operating concentration camps. America can build back better without resorting to the help of slave drivers and their accomplices. Unfortunately, the President’s colleagues in Congress are doing their very best to cut loopholes for the very worst. You can […]

Morning Consult: Don’t Bail Out the NFIP Again. Fix Its Flaws

For the last 15 years, the National Flood Insurance Program — the nation’s primary source of flood insurance — has lurched from one financial crisis to the next, accruing a massive $20.5 billion debt with the U.S. Treasury to cover its persistent shortfalls. Congress’ decision to cancel $16 billion of NFIP debt in 2017 only kicked the […]

Coalition Letter to Congress on National Flood Program

A coalition letter send a letter to the U.S. Senate and House of Representative leadership in support of public policies to improve the flood resilience of homes and within communities. In particularly, the letter endorsed efforts by the Federal Emergency Management Agency to modernize the rate-setting system of the National Flood Insurance Program. The entire […]