Closing the Late Fee Loophole: How the CFPB Is Combating Credit Card Junk Fees
December 20, 2023 — As consensus builds to eliminate unfair and anti-competitive “junk fees” across the economy, credit card issuers have continued to extract billions in revenue from their customers in late fees, aided by a decade-old regulatory “safe harbor” loophole. However, a new CFPB rule aims to drastically reduce credit card late fees, make paying down credit card debt easier, and save Americans $9 billion yearly.
Morgan’s Monopoly Digest – December 2023
Dec 8, 2023 — December version of Economic Liberties' monthly newsletter that covers the latest with the federal antitrust agencies — the Federal Trade Commission and the Department of Justice's Antitrust Division — and other big developments in competition policy.
Playing by the Rules: Bringing Law and Order to the NCAA
November 30, 2023 — This policy brief explores how money flows through college athletics, how the NCAA has flouted our antitrust and labor laws to keep that money in the hands of a few, and why the NCAA does not need or deserve a special exemption from Congress.
Laws Are Not Suggestions: How the CFPB Is Delivering for the American People
November 27, 2023 — Under Director Rohit Chopra, the CFPB has held scammers like Wells Fargo accountable, returning billions of dollars of Americans’ hard-earned money to their bank accounts; fought back against Wall Street and Big Tech’s discriminatory and anti-competitive behavior; ensured violating the law can no longer be written off as just a “cost of doing business;” and restored financial freedom to millions of Americans held hostage by the credit reporting cartel.
The Local Harms of Amazon and What State Lawmakers Can Do About Them
November 16, 2023 — This policy brief breaks down the harms Amazon inflicts on local communities, including businesses and workers, and lay out proactive policy solutions state lawmakers can adopt to deal with them. Where appropriate, model legislation has been suggested.
Supermarket Squeeze: The Real Costs of the Kroger-Albertsons Deal
November 14, 2023 — Given the implications of the Kroger-Albertsons merger on food prices, consumer choice, supply chain fragility, and the competitive landscape, the clear harms outweigh any potential benefits touted by the companies. This Economic Liberties policy brief breaks down why this deal should be blocked by antitrust enforcers.