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Blog

Capitol Hill Update: May 7, 2018

The House and Senate are in session this week.

05/07/2018
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Blog

Coalition Letter: Support Congressional Disapproval of CFPB's Small-Dollar Loan Rule

FreedomWorks has signed onto the following coalition letter, led by the Competitive Enterprise Institute. This letter supports House Joint Resolution 122, which provides for congressional disapproval under the Congressional Review Act (CRA) of the Consumer Financial Protection Bureau's (CFPB) small-dollar loan rule.

02/06/2018
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Key Vote

Key Vote YES on H.J.Res. 111 to Cancel CFPB’s Giveaway to Trial Lawyers

On behalf of FreedomWorks’ activist community, I urge you to contact your senators and ask them to vote YES on H.J.Res. 111. FreedomWorks Foundation drove more than 15,000 responses to the CFPB against the rule during the comment period.

10/03/2017
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Key Vote

Key Vote YES on H.J.Res. 111 to Cancel CFPB’s Giveaway to Trial Lawyers

On behalf of FreedomWorks’ activist community, I urge you to contact your representative and ask him or her to vote YES on H.J.Res. 111. FreedomWorks Foundation drove more than 15,000 responses to the CFPB against the rule during the comment period.

07/24/2017
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Blog

Capitol Hill Update: July 24, 2017

The House and Senate are in session this week.

07/24/2017
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Blog

Support S. 370 and H.R. 1031 to Abolish the CFPB

On behalf of our activist community, I urge you to contact your senators and representative and ask them to support legislation to abolish the Consumer Financial Protection Bureau and to co-sponsor the legislation if they have not already done so. Introduced by Sen. Ted Cruz (R-Texas) in the Senate and by Rep. John Ratcliffe (R-Texas) in the House, S. 370 and H.R. 1031 would begin the process of rolling back the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

02/17/2017
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Blog

Support the Agency Accountability Act, H.R. 850

On behalf of FreedomWorks’ activist community, I urge you to contact your representative and ask him or her to co-sponsor the Agency Accountability Act, H.R. 850, introduced by Rep. Gary Palmer (R-Ala.). The bill would require federal agencies to deposit revenues collected through fines, fees, or proceeds from legal settlements into the general fund of the Treasury.

02/03/2017
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The CFPB is Unconstitutional

Yesterday, the US Court of Appeals for the DC Circuit officially ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional, a criticism that has been leveled at the agency since its creation in 2010. The court found that so much unaccountable power was concentrated in the person of the director of the CFPB that it could not pass constitutional muster. Under the court’s ruling, the director now will be removable at will by the president, just like the head of any other agency. This represents an important blow for the system of separation of powers enshrined in the US Constitution.

10/12/2016
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Press Release

FreedomWorks Foundation Statement on DC Appellate Court Ruling Against CFPB

Following the U.S. Court of Appeals for the D.C. Circuit’s ruling against the Consumer Financial Protection Bureau (CFPB), FreedomWorks Foundation CEO Adam Brandon commented:

10/11/2016
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Blog

New Regulations Threaten Innovative Methods of Payment

On Wednesday, the Consumer Financial Protection Bureau (CFPB) finalized new rules on certain types of increasingly popular new payment methods. While primarily aimed at prepaid debit cards, the regulations are so broad that they also include new mobile payment options such as Google Wallet, PayPal, Venmo, and potentially many more. The rules effectively seek to regulate all these financial products in much the same manner that credit cards are currently regulated, with all the paperwork and compliance that entails. The new regulations threaten to crush these flexible payment methods simply because the bureaucrats cannot contemplate that a business activity might be better off beyond the reach of the regulators.

10/05/2016

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