Southwest Public Policy Institutebicameral legislature of the United States
The CFPB’s open-banking mandate endangers consumers.
Former New Mexico Republican chairman Steve Pearce is the opposite of what the complex agency needs.
Why should Congress uphold the GENIUS Act’s ban on stablecoin rewards to prevent digital money from becoming digital debt?
Subsidized debt drives up prices, sucks up wealth, and makes it hard for millennials to buy homes.
A so-called “consumer protection” agency became a case study in regulatory excess and misplaced praise.
“Large nonprofit hospital systems have exploited taxpayer subsidies and regulatory loopholes while failing to deliver the public benefit they promise.”
Acting CFPB Director Russ Vought’s rollback of state enforcement overreach marks a critical return to legal restraint, restoring constitutional balance and regulatory clarity to America’s financial system.
This isn’t just about miles and points; it’s about economic freedom and financial choice.
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.
CFPB is doing more harm than good, and its dissolution is not just a policy preference but an economic necessity.