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Congress Must Stop Prediction Market Corruption Article
Prediction market sites are shown on electronic devices.

Congress Must Stop Prediction Market Corruption

Recent reports of prediction market bets made ahead of surprise government actions point to potentially corrupt use of insider information for personal profit. Congress must put an end to this practice.

Alexandra Thornton

Congress Must Place Guardrails Around Crypto Markets Article
Capitol building reflected upside in water against a dark sky

Congress Must Place Guardrails Around Crypto Markets

Congress must pass legislation that ensures crypto markets are subject to the same types of safeguards for consumers, investors, and the financial system that govern other capital markets.

Alexandra Thornton

Hoja informativa: Manos a la obra: Un plan para reducir el costo de la vivienda para todos Hoja informativa

Hoja informativa: Manos a la obra: Un plan para reducir el costo de la vivienda para todos

El plan de CAP centraría los esfuerzos federales en la construcción de viviendas para reducir los costos de la vivienda, ahorrándole a los inquilinos en comunidades de alto costo un estimado de $1,000 por año y a los compradores de vivienda por primera vez más de $20,000.

Jared Bernstein, Michael Negron, Natalie Baker, 1 More Chad Maisel

The Trump Administration Is Using Americans’ Sensitive Data To Build a Digital Watchtower Report
The U.S. Capitol building is seen at sunset.

The Trump Administration Is Using Americans’ Sensitive Data To Build a Digital Watchtower

The Trump administration’s abusive efforts to repurpose millions of federal records and funnel them into a centralized government database represent a systemic shift toward a consolidation of informational power while obscuring public accountability; Congress must address this with a modern legal framework including clear rights and binding duties.

Nicole Alvarez

The Consumer Financial Protection Bureau Has Helped Millions of Americans Article
Close-up of CFPB logo on glass

The Consumer Financial Protection Bureau Has Helped Millions of Americans

Since 2011, the CFPB has defended Americans’ economic security, handling complaints to ensure customers are treated fairly by banks and other corporations.

Sachin Shiva, Lilith Fellowes-Granda

CAP Testimony Before the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Testimony

CAP Testimony Before the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence

Alexandra Thornton testified before the U.S. House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence regarding crypto market structure legislation and U.S. securities laws.

Alexandra Thornton

Project 2025 Would Allow Financial Disaster To Bolster Wall Street’s Bottom Line Article
Street sign for Wall Street

Project 2025 Would Allow Financial Disaster To Bolster Wall Street’s Bottom Line

New CAP analysis gauges the potential effects of a present-day financial disaster on workers and the economy if a far-right plan to put short-term gains for Wall Street above long-term prosperity for American families is successful.

Marc Jarsulic, Lilith Fellowes-Granda

The CFPB Is Cleaning Up Junk Fees Report

The CFPB Is Cleaning Up Junk Fees

The Consumer Financial Protection Bureau has taken a series of actions to cut excessive and hidden junk fees in the financial marketplace, which will save consumers billions of dollars.

Lilith Fellowes-Granda, David Correa

CFPB Complaints State Fact Sheets: The CFPB Helps Consumers Nationwide Article
Photo shows Elizabeth Warren backlit in a room with wood paneling

CFPB Complaints State Fact Sheets: The CFPB Helps Consumers Nationwide

The CFPB has stood up for everyday consumers and fought against unfair treatment across the United States, addressing consumer complaints nationwide.

Crystal Weise, Lilith Fellowes-Granda, David Correa

CFPB v. CFSA: How the Supreme Court Could Harm Consumers and Financial Markets Report

CFPB v. CFSA: How the Supreme Court Could Harm Consumers and Financial Markets

The U.S. Supreme Court is considering a case challenging the autonomy of the single most important agency for the protection of consumers in the financial markets—and its decision could spread uncertainty and harm far beyond the agency.

Lilith Fellowes-Granda, Devon Ombres, Alexandra Thornton, 1 More Crystal Weise

3 Antitrust Lessons From the Taylor Swift Ticketmaster Debacle Article
A Ticketmaster sign hangs on the wall at the FTX Arena ticket window.

3 Antitrust Lessons From the Taylor Swift Ticketmaster Debacle

Ticketmaster’s bungling of Taylor Swift tickets illustrates the importance of market competition and vigorous antitrust enforcement.

Marc Jarsulic

Testimony Before the US Senate Committee on Agriculture, Nutrition, and Forestry In the News

Testimony Before the US Senate Committee on Agriculture, Nutrition, and Forestry

Todd Phillips testified before the Senate Committee on Agriculture, Nutrition, and Forestry about S. 4760, the Digital Commodities Consumer Protection Act.

the U.S. Senate Committee on Agriculture, Nutrition, and Forestry

Todd Phillips

How To Reform the Bank Merger Process Article
Photo shows the office buildings for Bank of America and SunTrust, which recently merged with BB&T to become Truist, are seen in Miami.

How To Reform the Bank Merger Process

As the U.S. banking industry becomes increasingly concentrated into fewer, larger firms, federal regulators must reform the process by which they approve new mergers.

Alex Fredman, Todd Phillips

How To Regulate Tech: A Technology Policy Framework for Online Services Report
A black man wearing a dark gray beanie and a woman with dark hair and glasses, both in their twenties or thirties, are pictured staring at a large computer monitor (screen is not visible to the viewer.)

How To Regulate Tech: A Technology Policy Framework for Online Services

Online services have become an essential and ubiquitous part of American life. This report proposes a new regulatory framework to address existing harms, promote equitable growth, and protect the public interest online.

Erin Simpson, Adam Conner

The SEC’s Regulatory Role in the Digital Asset Markets Report
A technician inspects the backside of bitcoin mining at Bitfarms in Saint-Hyacinthe, Quebec, on March 19, 2018. (Getty/AFP/Lars Hagberg)

The SEC’s Regulatory Role in the Digital Asset Markets

As the markets for digital assets such as cryptocurrencies grow, the U.S. Securities and Exchange Commission and other financial regulators must impose sensible regulations on digital assets to protect traders and investors.

Todd Phillips

5 Priorities for the Financial Stability Oversight Council Report

5 Priorities for the Financial Stability Oversight Council

A vigorous FSOC could go a long way toward creating a U.S. financial system that is resilient and positioned to support long-term growth.

Gregg Gelzinis

Switching to Responsible Banking Report
 (Customers stand at a teller's window at a bank in Miami, May 2012.)

Switching to Responsible Banking

By enhancing information on environmental, social, and governance matters in banking and facilitating competition, the CFPB and bank regulators can reduce financial abuses and empower consumers to align the financial system with sustainable values.

Divya Vijay, Andy Green

Protecting American Consumers in Crisis Article
A woman walks by stores, many closed, in the Bronx in New York City on July 23, 2020. (Getty/Spencer Platt)

Protecting American Consumers in Crisis

Consumer protections should be strengthened—not rolled back—as part of the economic response to the coronavirus.

Colin Medwick, Michela Zonta

Bank Capital and the Coronavirus Crisis Report
 (The Federal Reserve building is seen in Washington, D.C., January 2008.)

Bank Capital and the Coronavirus Crisis

The Federal Reserve must reverse course on costly bank capital mistakes that have increased the vulnerability of the banking system in the face of the coronavirus pandemic.

Gregg Gelzinis

Climate Change and Municipal Finance Report
Single-family homes on islands and condo buildings on oceanfront property are seen in the city of Miami Beach, June 2014. (Getty/Joe Raedle)

Climate Change and Municipal Finance

To address the fact that economic shocks caused by climate change will reduce state and local tax collections and increase infrastructure costs—creating additional risks for municipal bond investors—state and local issuers should adopt new climate risk disclosure standards to ensure accurate risk assessment and bond pricing.

Kevin DeGood

The Economic Fallout of the Coronavirus for People of Color Article
A woman gives vouchers for groceries, provided by the food bank Feeding South Florida, to people lined up in their vehicles on April 6, 2020, in Sunrise, Florida. (Getty/Joe Raedle)

The Economic Fallout of the Coronavirus for People of Color

Occupational segregation, employment discrimination, and exploitation make economic downturns, such as the one created by the COVID-19 pandemic, worse in communities of color by destabilizing jobs, undermining small businesses, and increasing income shocks and unexpected expenses.

Connor Maxwell, Danyelle Solomon

Public Health Requires an Extraordinarily Aggressive Economic Response to Coronavirus Immediately—One That’s Larger Than What Many Imagine Article
The U.S. Capitol Building in Washington D.C., March 2020. (Getty/Ting Shen)

Public Health Requires an Extraordinarily Aggressive Economic Response to Coronavirus Immediately—One That’s Larger Than What Many Imagine

The column recommends an immediate package at least the size of the Recovery Act in 2009—around $1 trillion in today’s dollars.

Neera Tanden, Andres Vinelli, Andy Green, 5 More Maura Calsyn, Danyelle Solomon, Alexandra Cawthorne Gaines, Marc Jarsulic, Olugbenga Ajilore

Climate Change Threatens the Stability of the Financial System Report
 (A pedestrian walks past the Wall Street bull statue in New York City during heavy rain.)

Climate Change Threatens the Stability of the Financial System

U.S. regulators should protect the financial system from climate-related risks and help facilitate a smooth transition to a greener economy.

Gregg Gelzinis, Graham Steele

Fact Sheet: A Stronger Regulatory Framework for Shadow Banks Fact Sheet
Pedestrians walk past the New York Stock Exchange in New York City, July 2002. (Getty/Spencer Platt)

Fact Sheet: A Stronger Regulatory Framework for Shadow Banks

Improving the regulation of large, complex, and interconnected shadow banks and their activities would help to protect the economy from another financial collapse.

Gregg Gelzinis

A Fair Deal for Farmers Report
A combine harvests wheat on the eastern shore of Maryland, June 2013. (Getty/ Edwin Remsburg)

A Fair Deal for Farmers

Through an analysis of two agricultural markets, this report illuminates the concerning trend of corporate consolidation in agriculture—and the damaging impact this trend has on independent family farms.

Caius Z. Willingham, Andy Green

Forced Arbitration: What You Need To Know Video

Forced Arbitration: What You Need To Know

Forced arbitration agreements make it harder for workers and consumers to challenge predatory practices, wage theft, and discrimination.

Carleigh Newland, Kurt Mueller, Malkie Wall, 2 More Karla Walter, Andy Green

Toward a Robust Competition Policy Report
The night skyline of San Francisco's financial district is pictured from Montgomery Street, January 2016. (Getty/DeAgostini)

Toward a Robust Competition Policy

Entry barriers in many sectors—especially in communications services, health care, and information technology—have created an environment in which firms can earn profits well above competitive levels.

Marc Jarsulic, Ethan Gurwitz, Andrew Schwartz

Fact Sheet: Toward a Robust Competition Policy Fact Sheet
The New York Stock Exchange building stands in the financial district of New York City, March 2019. (Getty/Drew Angerer)

Fact Sheet: Toward a Robust Competition Policy

The rise of firms earning monopolistic returns calls for new policy measures to reduce barriers to entry and increase competition.

Marc Jarsulic, Ethan Gurwitz, Andrew Schwartz

‘It’s a New Day’: In Conversation With Chairwoman Maxine Waters Podcast
 (The Thinking CAP podcast logo, a yellow neon cap against a black background with the word

‘It’s a New Day’: In Conversation With Chairwoman Maxine Waters

This week, Rep. Maxine Waters discusses her top priorities in her new role as chairwoman of the U.S. House Financial Services Committee—and how she plans to hold the Trump administration accountable.

Daniella Gibbs Léger, Ed Chung, Rachel Rosen, 2 More Kyle Epstein, Chris Ford

Provider Consolidation Drives Up Health Care Costs Report

Provider Consolidation Drives Up Health Care Costs

Americans would benefit from stronger antitrust enforcement, more competition, and fairer prices in the markets for hospital and physician services.

Emily Gee, Ethan Gurwitz

Big Business’s Bonanza Week in the Supreme Court Article
A flag adorned with corporate logos and fake money flies in front of the U.S. Supreme Court in Washington, D.C., October 2013. (Getty/Drew Angerer)

Big Business’s Bonanza Week in the Supreme Court

The new 5-4 conservative majority is likely to rule against the legal rights of workers and consumers.

Devon Schmidt, Jake Faleschini

Hollowing Out the Volcker Rule Report
People walk past Federal Hall on Wall Street, New York City, June 2012. (Getty/Robert Nickelsberg)

Hollowing Out the Volcker Rule

Regulators’ proposal to weaken the Volcker Rule would expand loopholes, narrow definitions, give banks leeway to govern themselves, and introduce more risk into the banking sector.

Gregg Gelzinis

Corporate Long-Termism, Transparency, and the Public Interest Report
NEW YORK, March 9, 2017 :   Photo taken on March 9, 2017 shows the

Corporate Long-Termism, Transparency, and the Public Interest

Boosting SEC-regulated transparency on environmental, social, and governance matters can help align the interests of investors, management, and the public towards shared long-term success.

Andy Green, Andrew Schwartz

Indexing Capital Gains to Inflation Will Only Further Rig the Economy Against Workers Article
A street vendor sells replicas of the Wall Street Bull statue outside the New York Stock Exchange, March 2018. (Getty/Drew Angerer)

Indexing Capital Gains to Inflation Will Only Further Rig the Economy Against Workers

The Trump administration’s plan to allow capital holders to index their assets to inflation is the latest attempt to benefit the wealthy as it takes steps to cut workers’ pay and retirement savings.

Andrew Schwartz, Galen Hendricks

How a GOLIATH Act Could Restore Consumer Rights Article
Amanda Werner, who is dressed as Monopoly's Rich Uncle Pennybags, sits behind Richard Smith, left, former CEO of Equifax, during a Senate Banking, Housing, and Urban Affairs Committee hearing on the company's security breach, October 4, 2017. (Getty/CQ Roll Call/Tom Williams)

How a GOLIATH Act Could Restore Consumer Rights

Restoring Americans’ ability to hold companies accountable would rebuild consumer power and trust in government.

Joe Valenti

5 Questions for the Fed’s Vice Chairman for Supervision Report
Randal K. Quarles addresses Council of the Americas during its 35th Washington Conference in 2005. (Getty Images/Chip Somodevilla)

5 Questions for the Fed’s Vice Chairman for Supervision

The Fed’s vice chairman for supervision will face questions on a range of financial regulatory issues when he testifies on the Hill this week.

Gregg Gelzinis

Fact Sheet: The Senate’s Bipartisan Dodd-Frank Rollback Bill Fact Sheet
Traders work on the floor of the New York Stock Exchange on February 20, 2018, in New York City. (Getty/Spencer Platt)

Fact Sheet: The Senate’s Bipartisan Dodd-Frank Rollback Bill

S. 2155—the Economic Growth, Regulatory Relief, and Consumer Protection Act—has a multitude of misguided and risky provisions.

Gregg Gelzinis, Joe Valenti

10 Years Later: The Financial Crisis State by State Article
The New York Stock Exchange stands in lower Manhattan, February 2017. (Getty/Spencer Platt)

10 Years Later: The Financial Crisis State by State

States were devastated by the financial crisis, and Congress should not plant the seeds of the next one through deregulation.

Joe Valenti

The Trump Administration Is Quietly Slashing Financial Stability Funding Article
Treasury Secretary Steven Mnuchin speaks on financial reform at the Treasury Department in Washington, April 21, 2017. (AP/Susan Walsh)

The Trump Administration Is Quietly Slashing Financial Stability Funding

Gutting funding for the Financial Stability Oversight Council and the Office of Financial Research does not save taxpayers a dime and makes the U.S. financial system less safe.

Gregg Gelzinis

Resisting Financial Deregulation Report

Resisting Financial Deregulation

Improving economic growth requires strengthening and better implementing financial stability reforms—not eroding them.

Gregg Gelzinis, Andy Green, Marc Jarsulic

English v. Trump and the Future of the CFPB’s Independence Article
An advocate, right, holds a sign that says

English v. Trump and the Future of the CFPB’s Independence

While the Dodd-Frank Act would clearly place Leandra English in charge of the consumer bureau, vital consumer protections hang in the balance from the Trump administration’s contested appointment.

Joe Valenti

Deregulating AIG Was a Mistake Report
AIG, headquartered in New York City, is no longer subject to enhanced government oversight. (AP/Mark Lennihan)

Deregulating AIG Was a Mistake

Material financial stress at insurance giant AIG could still threaten U.S. financial stability.

Gregg Gelzinis

Hedge Funds and Systemic Risk Missing From the FSOC’s Agenda Report
A statue of former U.S. Treasury Secretary Albert Gallatin stands guard outside the Treasury Building in Washington, D.C. (AP/Jacquelyn Martin)

Hedge Funds and Systemic Risk Missing From the FSOC’s Agenda

U.S. Treasury Secretary Steven Mnuchin has failed to update the public on the Financial Stability Oversight Council’s investigation into the potential systemic risks posed by the hedge fund industry.

Gregg Gelzinis

House Budget Would Raise Borrowing Costs for the Middle Class Article
College students walk across campus for class, February 2017. (AP/Bebeto Matthews)

House Budget Would Raise Borrowing Costs for the Middle Class

By adopting fair-value accounting, the House budget would put college attendance and home buying out of reach for many families.

Antoinette Flores, Michela Zonta

6 Must-Ask Questions of All Nominees for the Federal Reserve System Article
An elevator employee sweeps corn in Thornton, Iowa, on October 13, 2017. (AP/Charlie Neibergall)

6 Must-Ask Questions of All Nominees for the Federal Reserve System

With many seats open at the Fed, it’s crucial for Congress to ensure that monetary policymakers are focused on growing the economy by improving the labor market for everyone.

Michael Madowitz

Related Priorities

Tackling Climate Change and Environmental Injustice
Issue

Tackling Climate Change and Environmental Injustice

We pursue climate action that meets the crisis’s urgency, creates good-quality jobs, benefits disadvantaged communities, and restores U.S. credibility on the global stage.

Restoring Social Trust in Democracy
Issue

Restoring Social Trust in Democracy

Democracy is under attack at home and abroad. We must act to ensure it is accessible to all, accountable, and can serve as a force of good.

Building an Economy for All
Issue

Building an Economy for All

Economic growth must be built on the foundation of a strong and secure middle class so that all Americans benefit from growth.

Advancing Racial Equity and Justice
Issue

Advancing Racial Equity and Justice

We apply a racial equity lens in developing and advancing policies that aim to root out entrenched systemic racism to ensure everyone has an opportunity to thrive.

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