Acting Consumer Financial Protection Bureau Director Mick Mulvaney told the agency’s employees Tuesday that the agency no longer will “push the envelope” in policing private companies, suggesting in an agency-wide memo that he plans to reverse course from the one set out by departed director and Obama appointee Richard Cordray. “Simply put, the days of […]
Regulatory Scheme Killed by EPA’s Scott Pruitt Cost Taxpayers $68B…
A practice known as “sue and settle” used by the Environmental Protection Agency to enact controversial regulations cost taxpayers $68 billion since 2005 and has an annual cost of $26 billion, according to a new report. The American Action Forum found that “sue and settle,” killed this month by EPA Administrator Scott Pruitt, also dumped […]
Mega-Banks Blow 100% of Earnings on Share-Buybacks & Dividends, Crimp Lending, Constrain Economy…
When tighter regulations were imposed on the banks after the Financial Crisis, the largest among them, the very ones that threatened to bring down the financial system, began squealing. Those voices are now being heard by Congress, which is considering deregulating the banks again. In particular, they claim that current capital requirements force banks…
California, Nestle, And Decentralization…
Nestle USA has announced that it will move its headquarters from Glendale, California, to Rosslyn, Virginia, taking with it about 1200 jobs. The once Golden State has lost some 1690 businesses since 2008 and a net outflow of a million of mostly middle-class people from the state from 2004 to 2013 due to its onerous […]
STUDY: Obama Issued $890 Billion in Regulations from White House…
Former President Obama issued more than $890 billion worth of regulations during his presidency, according to a new study from American Action Forum (AAF). This number includes $24 million worth of midnight regulations issued in January, more midnight regulations than any lame duck president in history…
The Cost Of Regulatory Compliance: $20,000 For Every American Worker…
Issa Introduces Bill To Wipe Out Last Minute Obama Regulations…
California Republican Rep. Darrell Issa re-introduced legislation Tuesday that would allow Congress to overturn executive branch regulations finalized in the last 60 legislative days of an outgoing presidential administration…
Study: Obama Issued $743B in Regs…
Since President Obama took office in 2009, the federal government has issued 600 major regulations totaling $743 billion, according to a new study from the…