With new leadership at the Consumer Financial Protection Bureau (CFPB), there is rising concern that there will be renewed attempts to cap effective interest rates on small dollar loans. This would be a mistake for several reasons.
The policies enacted in the coming two years can put America on a path toward greater resilience and fuel a durable and equitable economic renewal. And while good policy is necessary, it is not sufficient.
American Resilience and Renewal
America is facing its greatest economic challenge of this century. The coronavirus pandemic has wreaked havoc on our economy and healthcare system. Yet, Americans have shown remarkable resilience in the face of adversity.
That’s why the Competitive Enterprise Institute is leveraging our proven full-service approach to public policy to advance two key objectives in 2021 and beyond:
CEI will work tirelessly to advance policies that loosen, suspend, and repeal regulations and government controls that impede our economic
CEI will advance policies that unleash economic activity, guarantee property rights, and keep the regulatory state from encroaching upon frontier industries vital to our dynamic 21st century economy.