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  • Dodd-Frank

    VIDEO: Senator Says Confirming Consumer Czar Would Be 'Devastating'

    Richard Cordray, President Obama’s pick to lead the Consumer Financial Protection Bureau, won approval from the Senate Banking Committee last week on a party-line vote. His confirmation to run the new agency faces fierce opposition from Republicans, who have vowed to block Senate approval until reforms are made to the agency. Sen. … More

    PODCAST: New Debit Card Fees Thanks to the Durbin Amendment

    In this week’s Heritage in Focus, regulatory fellow Diane Katz discusses a provision in the regulatory reform bill, also known as Dodd-Frank, that is leading banks to increase debit card fees. Listen here. The provision, known as the “Durbin amendment,” limits the amount banks can charge retailers when consumers swipe … More

    Here Comes the Durbin Tax

    As if further evidence actually is needed, Bank of America on Thursday demonstrated yet again how government price controls inevitably harm consumers—and low-income consumers the most. In this instance, the nation’s largest bank (by assets) announced on Thursday a new $5 monthly fee for use of a debit card. Several … More

    Look Before You Regulate: Measuring the Costs of Financial Rules

    You would think that any regulation that could affect a major part of the economy and cost industry and/or consumers millions of dollars to comply with would be based on rigorous and consistent economic analysis. After all, how else would regulators know the actual effect of their proposals and whether … More

    Top 10 Reads: September 20, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe FACT CHECK: Are rich taxed less than secretaries? – Stephen Ohlechmacher, Associated Press Billionaire Backer Disputes Charges That Company Sought White House Help to Influence Testimony – James Rosen, FoxNews.com … More

    Heritage Libertad Radio: Jobs, Religion in America, More

    Be sure to listen to last week’s Heritage Libertad radio show, both in English and Spanish. The show included segments on President Obama’s upcoming jobs speech, the role of religion in politics and, as always, a segment answering Heritage member questions. Questions included: Is the United States a democracy or … More

    Problems Exposed in SEC Whistleblower Law

    The folks at the National Whistleblowers Center (yes, there is one) like to tell of Samuel Shaw and Richard Marven, two sailors who landed in the brig in 1778 in retaliation for blowing the whistle on the commander of the Continental Navy, who had “treated prisoners in the most inhuman … More

    Top 10 Reads: July 26, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. What really is poverty? – Ed Feulner Cubans Still Suffer, But Media Looks Away – Mike Gonzalez Learning from the Bay State’s mistake – James Stergios & Lindsey Burke Getting to … More

    Top 10 Reads: July 25, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. As Criminal Laws Proliferate, More Are Ensnared – Gary Fields & John R. Emshwiller The Truth Comes Out in Honduras – Mary Anastasia O’Grady A Year Later, Dodd-Frank Delays Are Piling … More

    Morning Bell: Unhappy Anniversaries, President Obama

    The Obama Administration has seen its fair share of milestones this month. Yesterday marked the first anniversary of the Dodd Frank Wall Street Reform and Protection Act, Obamacare is just over one year old, it has been more than 800 days since the Democrat-controlled Senate passed a budget, and the … More