Federal Reserve System
central banking system of the United States
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Letter to the Editor
Why Do 30-Year Mortgages Exist Anymore?
Two words: government subsidies.
Originally published inThe Wall Street Journal
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Policy Brief
Compounding Interest: The Case Against the Confused Case Against the Case Against 30-Year Mortgages
In his letter responding to my column in The Wall Street Journal, “The Case Against 30-Year Mortgages,” former Freddie Mac executive David Andrukonis defends the 30-year fixed-rate mortgage as a transparent, borrower-friendly product. In “A Confused…
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Op-Ed
Death by a thousand caps—State laws could kill credit card rewards
A group of states are pursuing similar efforts to cap credit card interchange fees, endangering rewards programs that customers value, and raising concerns about an illegal interstate compact.
Originally published inAmerican Banker
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Policy Brief
The CFPB’s Desperate Eleventh-Hour Overreach
Rohit Chopra is lashing out with desperate, partisan overreach in his final days, prioritizing political agendas over consumer protection while creating regulatory chaos and undermining the legitimacy of his tenure and that of the CFPB.
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Press Release
SPPI Expresses Disappointment in Supreme Court Ruling Upholding CFPB Funding Structure
The Southwest Public Policy Institute warns that this decision will embolden regulatory overreach and drive consumer prices up.
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White Paper No. 4
No Loan for You, Too!
The unintended consequences of price controls on consumer access to credit.
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Policy Brief
Draining the Swamp, from a Distance
What states are doing to combat D.C.’s dysfunction