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Banking and Finance

Heavy-Handed Regulations Could Deny Consumers the Benefits of New Facebook Cryptocurrency

The House Financial Services Committee will hold a hearing todayfocused on Facebook’s new cryptocurrency, “Libra.” The hearing will consider the cryptocurrency’s impact on consumers, investors and the U.S. financial system as a whole. 

Mnuchin Pushes Discredited Arguments Against Cryptocurrency

On news today that Treasury Secretary Steven Mnuchin warned against Facebook’s proposed digital currency, Libra, as a national security risk and potential boon to “money launderers and terrorist financiers,” CEI senior fellow John Berlau responded, saying the Secretary’s position is wrong and detrimental.

CEI Joins Coalition Letter to Oppose Reauthorization of Export-Import Bank

On behalf of our groups and organizations, which collectively represent millions of Americans across all 50 states, we urge you to oppose the reauthorization of the Export-Import Bank, which is slated to expire on September 30, 2019.

CEI Leads Coalition Letter to CFPB Regarding Proposed Rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans

Dear Director Kraninger,

The undersigned organizations write in strong support of the Bureau of Consumer Financial Protection’s decision to rescind portions of the Payday, Vehicle Title, and High-Cost Installment Loans Rule and to delay the compliance date for certain provisions contained in the rule.

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