Topic: Financial regulation

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Vought Charts New Path for the CFPB

From One, Many: The Consumer Financial Protection Bureau office in Washington, D.C., symbolizing the shift from a single federal regulator to dozens of state attorneys general acting as mini-CFPBs.
The Consumer Financial Protection Bureau headquarters in Washington, D.C. — once the central regulator of financial services, now overshadowed by a growing patchwork of state attorneys general enforcement.

Russell Vought signals a shift toward proportional, efficient regulation after years of CFPB overreach under Rohit Chopra.

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Lip Service Masquerading as Credit Inclusivity

Wells Fargo Flex Loan Bankrate Review

When Wells Fargo first rolled out its Flex Loan program, it was heralded by advocates like The Pew Charitable Trusts as evidence that America’s largest banks were finally offering an “affordable” alternative to short-term credit products. Bankrate’s own review of the Flex Loan paints a favorable picture, touting fast approval, lower fees than payday loans, […]

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The Hill: Why senators’ efforts to kill overdraft fees is overkill

Capping overdraft fees won’t help struggling families, it will cut off their last line of credit.

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Out of One, Many

From One, Many: The Consumer Financial Protection Bureau office in Washington, D.C., symbolizing the shift from a single federal regulator to dozens of state attorneys general acting as mini-CFPBs.
The Consumer Financial Protection Bureau headquarters in Washington, D.C. — once the central regulator of financial services, now overshadowed by a growing patchwork of state attorneys general enforcement.

Why banks, payment networks, merchant servicers, and financial firms will face a harder four years, and what to do about it.

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RealClearMarkets: The CFPB Is Making It Harder For You To Pay Your Bills

Paying bills is harder thanks to the Consumer Financial Protection Bureau CFPB

The CFPB’s outdated rule on small-dollar lending punishes working-class Americans by restricting access to the very credit they rely on to make ends meet.

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Fox Business: Credit card rewards are about to vanish, and guess who’s to blame?

Credit Card Rewards Programs

This isn’t just about miles and points; it’s about economic freedom and financial choice.

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American Banker: Death by a thousand caps—State laws could kill credit card rewards

Credit Card Rewards Swipe Fees Interchange Fee Caps Price Controls

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.

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Fighting Back Against Rate Caps in Alaska: SPPI’s Testimony on Senate Bill 39

Alaska Senate Bill 39 Price Controls Interest Rate Caps Loans

Last week, I had the opportunity to testify before the Alaska Senate Finance Committee on the dangers of Senate Bill 39, a proposal to impose a 36% APR cap on consumer credit. Additional testimony was submitted to the Senate Labor and Commerce Committee before the bill was advanced to the Senate Finance Committee. This legislation […]

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Why Alaska’s Senate Bill 39 Should Be Rejected: Lessons from New Mexico’s Failed Rate Cap

Alaska Senate Bill 39 Price Controls Interest Rate Caps

Alaska’s Senate Bill 39 (SB 39) proposes a 36% APR cap on consumer loans up to $25,000. The bill aims to regulate financial services, prevent “predatory” lending, and bring state laws in line with federal consumer protection measures. However, while the bill’s intentions may seem noble, its real-world consequences will devastate Alaskan consumers—especially those with […]

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SPPI Featured in Tangle’s Coverage of CFPB Debate

Rohit Chopra Fired Terminated Donald Trump CFPB
Rohit Chopra during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, on December 11, 2024. Al Drago, Bloomberg, Getty Images

SPPI continues to argue against the agency’s overreach and its impact on financial markets.