FTC & CFPB Fight to Save Billions for Consumers by Cracking Down on Junk Fees
October 11, 2023 — The Biden-Harris administration announced new actions today to rid the economy of junk fees and promote competition, including a proposed rule banning “hidden and bogus” fees across the economy from the Federal Trade Commission, new guidance from the Consumer Financial Protection Bureau to stop big banks from charging excessive fees for basic services, new data proving the millions in savings for consumers from junk fee crackdowns, along with momentum from the Office of Information and Regulatory Affairs to help agencies better develop and analyze regulations with competition in mind. In response, the American Economic Liberties Project released the following statement.
DOJ Should Cancel New ‘Get Out of Jail Free’ Card Policy for Corporate Crime in Mergers
October 4, 2023 — In anticipation of a new policy change from the Justice Department, previewed earlier today by Deputy Attorney General Lisa Monaco, which would allow firms who commit crimes to get amnesty as long as they are acquired and then disclose wrongdoing within six months of the merger, the American Economic Liberties Project released the following statement.
The Supreme Court Must Defend the CFPB to Protect Consumers, the Economy, and our Democracy
October 3, 2023 — Following oral arguments today in the Supreme Court case CFPB v. CFSA — the payday lending lobby's legal challenge to the constitutionality of the Consumer Financial Protection Bureau’s funding structure — the American Economic Liberties Project released the following statement
“It’s Not the Open Web, It’s the Google Web” Says Microsoft CEO in Landmark Search Antitrust Trial
October 3, 2023 — “The entire notion that people have choice is complete bogus,” said Microsoft CEO Satya Nadella during his testimony today in the landmark antitrust trial brought on by the Department of Justice and 38 states and territories against Google’s search monopoly.
70+ Organizations Urge Federal Trade Commission to Block Kroger-Albertsons
September 28, 2023 — Last Friday, United Food & Commercial Workers International Union, along with the American Economic Liberties Project and more than 70 other organizations — an alliance of packinghouse workers, ranchers, farmers, consumers, and rural Americans — sent a letter to the Federal Trade Commission urging them to block the harmful Kroger-Albertsons merger.