SCOTUS - SIGN UP - March 2015

Last month, the Consumer Financial Protection Bureau (CFPB) announced a new proposed rule designed to line the pockets of trial lawyers. The seemingly innocuous rule would effectively outlaw certain contractual provisions related to consumer financial products. But rather than protecting consumers, this proposed rule was about helping trial lawyers, a special interest that overwhelmingly supports Democrats like President Obama. Now, you have the opportunity to comment on this rule and tell the CFPB to stay out of your financial decisions.

In a significant victory for basic law and order, a federal court in Wyoming Tuesday affirmed a basic constitutional concept: that the executive branch must comply with laws passed by Congress. Such is the power and unaccountability of the regulatory state that this counts as news.

The Department of Labor recently finalized new standards to determine when salaried workers are eligible for overtime pay. While there is minimal evidence that these unilateral rule changes will achieve the aims claimed by the Obama administration, there will be clear harm to the liberty of employees who desire flexible work schedules, while imposing significant compliance costs on many employers. These costs fall especially hard on small employers, as highlighted in today’s House Small Business Committee hearing.