ACI Sends Letter to Congress: Antitrust Bill Would Undermine Consumer Welfare and Hurt Small Businesses

WASHINGTON – Today, the American Consumer Institute (ACI) sent a letter to Congress urging members to be wary of bills that undermine consumer welcome, including the American Innovation and Choice Online Act. The letter notes: “The American Innovation and Choice Online Act would essentially prevent companies like Apple, Amazon, Facebook, Google, and Microsoft from offering […]

Emergency Small Business Loans are Leaving Out Local Media Outlets

Countless small businesses are facing tough decisions as the Coronavirus pandemic stretches on. In an attempt to help struggling businesses that have been hit hard by social distancing measures, lawmakers launched the so-called Paycheck Protection Program (PPP) on April 3. But unclear terms and other glitches are making it hard for businesses to cash in […]

Internet Driving the Economy and Helping Small Businesses Grow

Evidence that the Internet has had a profound effect on the way people live and do business is all around us. We can find anecdotal proof in almost everything we do—most people’s lives have been changed indefinitely by the technology that has cropped up in the past several decades. And small businesses, even more so, […]

ACI Blog in Huffington Post: Deficit-Free Economic Stimulation

Congress has it hands full again. With the potential of cutting government spending and raising taxes, most Democrats and Republicans have one thing they can agree on – either option could jeopardize an already weak economic recovery. But there is one win-win solution that can encourage economic investment, help small businesses grow, create jobs, and […]

The Apps Economy and U.S. Jobs

A recent study released by the Application Developers Alliance and the CTIA show that the app economy has created 519,000 jobs since the creation of the economy.  Since the the wide adoption of smartphones such as the iPhone and phones running Android and Windows phone software, the mobile arena has been booming—over 315 million devices […]

ACI Applauds the Conference of Mayors Support for the Credit Union Small Business Jobs Bill

At the 80th Annual Conference of Mayors, held in Orlando Florida this June, the mayors approved a resolution in support of the Credit Union Small Business Jobs Bill.  Our research shows that small businesses would benefit from the bill by providing access to capital, encouraging investment and creating small business jobs.  We appauld the Conference of Mayor for adopting this […]

Lending on the Level-Playing-Field

Warren Stephens’ commentary on “How Big Banks Threaten Our Economy” (WSJ, Opinion, April 30) discusses systemic banking risks and states correctly that “we should promote competition and innovation in the financial industry, not protect an oligopoly.”  However, he misses an important and timely example of how rules are set in favor of banks over potential […]

Be Careful When Crying Wolf

If you have a lick of sense and are in the banking business, you’ll be very careful about attacking small, well-behaved competitors.  The public has not forgotten the banks’ outrageous overdraft fees, the low account balance fees, scams surrounding foreclosures, the unwillingness togive mortgages, and the deeply resented TARP – almost a trillion dollars the […]

The Credit Union Experience – Only for Some?

The Credit Union National Association found that 90 million American individuals enjoyed $7 billion in direct financial benefits from credit unions during the year ending June 2010.  These benefits came as lower loan rates, higher deposit interest, and lower fees than in offered by bank institutions.  Equally valuable, credit unions members experienced the sense of […]