CEI Today: Prepaid debit card rules, USPS data breach, Marketplace Fairness Act, and more

Friday, Nov. 14, 2014
In the News Today

 

NEW PREPAID DEBIT CARD RULES - JOHN BERLAU

CFPBs Prepaid Debit Card Rules Will Harm Low-Income Consumers
 
Today’s action by the Consumer Financial Protection Bureau to issue unprecedented burdens on providers of prepaid debit cards shows why the bureau needs to be held accountable to our elected representatives.

Though the CFPB says and many of the fawning headlines say the regulations are simply about consumer disclosure, the CFPB 
proposal—set to go into effect after a brief 90-day comment period—actually would subject prepaid cards to more stringent rules than checking accounts. It takes the very radical step of treating overdraft features on a prepaid card as an “extension of credit.” > Read more

USPS DATA BREACH - TREY KOVACS

USPS Data Breach Highlights Union Hypocrisy

Recently, a United States Postal Service computer system experienced a security breach. The result: around 800,000 current and former USPS employees’ private information, including their names, email addresses, phone numbers, and home addresses were exposed.

While APWU may be fully committed to defending their members’ privacy, they have no such respect for the privacy of non-members that they also represent or employees at non-union workplaces. >
Read more


> Interview Trey Kovacs
 

MARKETPLACE FAIRNESS ACT - RYAN RADIA & HANS BADER

 

Economic and Legal Problems with Internet Sales Taxes

CEI released a new study analyzing the economic downsides and legal problems with Internet sales taxes on the state and federal levels. With Congress poised to consider a similar tax in the Marketplace Fairness Act during this lame-duck session, lawmakers should preserve states’ rights to compete and not give into big-box retailers and their lobbyists. 
> Read more


> Interview an expert
 


CARBON TAX - MARLO LEWIS


Carbon Tax Advocates Discuss Post-Election Prospects

 

former South Carolina Republican congressman Bob Inglis, launched a new Web site today: republicEn.org. In an inaugural blog post, Mr. Inglis opines about the post-election day prospects for enacting a carbon tax.

But the election results indicate that Republicans are less vulnerable than ever to green attack ads. So why is now the time for a Constructive Republican Alternative Proposal that would
raise energy prices, deny Americans the benefits of affordable, plentiful, reliable coal-based power, and have negligible impacts on potential climate change? > Read more

> Interview Marlo Lewis

 

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CEI President Lawson Bader

@libertynkilts
 

In memory of Gordon Tullock