CFPB is Ending the Credit Card Late Fee Frenzy, Saving Americans Billions
December 20, 2023 — As the CFPB finalizes a rule to close a decade-old regulatory loophole that has allowed credit card issuers to extract billions of dollars in excessive late fees from working Americans, the American Economic Liberties Project today released a new report, “Closing the Late Fee Loophole: How the CFPB is Combating Credit Card Junk Fees.”
CNBC: Billions are on the line for lenders as White House finalizes credit card late fee cap
December 20, 2023 — Economic Liberties' policy brief is featured in a report on the CFPB's new credit card late fees rulemaking.
FTC and CA AG Succeed in Stopping Further Hospital Consolidation in California
December 18, 2023 — In response to news that John Muir Health has abandoned its proposed $142.5 million acquisition of San Ramon Regional Medical Center amid scrutiny from the Federal Trade Commission (FTC) and California Attorney General Rob Bonta, the American Economic Liberties Project released the following statement.
Washington Post: Transportation Department fines Southwest $140 million for Christmas meltdown
December 18, 2023 — William McGee is quoted in coverage of the Department of Transportation's record-breaking and unprecedented enforcement action against Southwest Airlines for its 2022 Christmas meltdown.
Antitrust Enforcers Win Big Ahead of the Holidays
December 18, 2023 — As 2023 comes to a close, antitrust enforcers at the Federal Trade Commission and Department of Justice Antitrust Division are notching huge wins in the final months of the year across tech, healthcare, and more. To recap this historic run in antitrust enforcement just in the past seven days, the American Economic Liberties Project released the following statement.