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  • Consumer Financial Protection Bureau

    Cloakroom: Battle of the Budgets, Round 1

    House Cloakroom: March 11 – March 15 Analysis:  This week House Budget Chairman Paul Ryan (R-WI) will release his 2014 budget resolution for markup in committee. The Ryan budget is expected offer a path to balance in 10 years and include a full repeal of Obamacare as well as a … More

    Morning Bell: A Blow to Obama’s Imperial Presidency

    President Obama has gone around Congress in as many ways as he can find. One way is by abusing the presidential power to make appointments to government positions during a supposed Senate recess—in an attempt to avoid having the Senate confirm the nominees. Last week, a three-judge panel of the … More

    Taxpayer-Funded Infrastructure Bank: The “Investment” Isn’t Worth It

    Bad ideas never seem to die. But the proposal to create a national infrastructure bank to federally fund transportation and infrastructure projects with taxpayer dollars is one such idea that President Obama and lawmakers in the 113th Congress should put to rest. A recent Politico article noted that the departure … More

    CFPB Servicing Rules Are Excessive and Unauthorized

    The Consumer Financial Protection Bureau (CFPB) has imposed yet more regulation on the mortgage market, as required by the Dodd–Frank statute. The latest set of requirements and restrictions focuses on mortgage servicers, those who are hired by lenders to collect payments and manage other administrative aspects of home loans. Bureau … More

    Morning Bell: The 10 Worst Regulations of 2012

    It seems that no aspect of American life can escape government regulation. In the past year, regulators drafted rules that addressed everything from caloric intake to dishwasher efficiency. Most of these rules increase the cost of living, others hinder job creation, and many erode freedom. Not all regulations are unwarranted, … More

    Will Stay-at-Home Moms Be Allowed Credit Cards Again?

    Much has been discussed on the “war on women” this presidential debate season, and yet we haven’t heard much about those rules made in Washington that actually hurt women in very real ways. One such rule denied stay-at-home moms access to their own credit cards. A proposed amendment finally seeks … More

    States and Organizations Fight to Preserve Liberty from Dodd-Frank Act Intrusions

    The states of Michigan, Oklahoma, and South Carolina have sued the Obama Administration in the U.S. District Court for the District of Columbia over provisions of the Dodd-Frank Act that allow the government to seize financial institutions. Several private organizations joined in the legal complaint, to challenge also the constitutionality … More

    Tales of the Red Tape #35: Reams of Simplicity from CFPB

    The Consumer Financial Protection Bureau (CFPB) is a veritable wellspring of costly dictates and regulatory excess. Among the dozens of pending regulations it has concocted is a 1,099-page proposal to streamline the mortgage process. Yes, you read that right: 1,099 pages to “streamline” the home loan experience. And get this: … More

    Morning Bell: Dodd-Frank Financial Regulations Strangling Economy

    Has your bank raised its fees or stopped offering free checking accounts in the last couple of years? If so, you can thank the regulatory boondoggle that is the Dodd-Frank financial law. Since its passage two years ago tomorrow, the number of large banks that offer free checking has declined … More

    Morning Bell: Harry Reid Opts for Political Theater on Judicial Nominees

    Majority Leader Harry Reid (D-NV) has rightfully earned the reputation of running a do-nothing Senate. More than 1,000 days have elapsed since the upper chamber approved a budget. He’s currently ignoring the House-passed JOBS Act and actively opposing steps to lower gas prices. Now, in a blatant political stunt, Reid is … More