CFPB Saves Consumers Billions In Finally Closing Overdraft Fee Loophole
December 12, 2024 — Following the Consumer Financial Protection Bureau’s finalization of a rule to close an outdated overdraft loophole that exempted overdraft loans from lending laws, the American Economic Liberties Project released the following statement.
The White House Must Not Give Into Big Tech’s Data Center Extortion Ploy
December 12, 2024 — Following reports that the Biden Administration is considering an proposal that would give Big Tech corporations federal lands to construct data centers, exceed pollution limits, and receive priority access to available power supply—with reported threats that Big Tech corporations might move to the Middle East if the White House does not comply—the American Economic Liberties Project released the following statement.
Economic Liberties Debunks “Merge-to-Compete” Argument
December 11, 2024 — Following the FTC’s court win against the Kroger-Albertsons mega-merger—a high-profile rejection of the common argument that two firms must be allowed to merge to compete with a larger rival—the American Economic Liberties Project today released a brief debunking the argument in depth.
New Bipartisan Bill Will Break Structural Conflicts of Interest in Healthcare to Lower Drug Costs and Protect Patients
December 11, 2024 — Today, Senators Elizabeth Warren (D-MA) and Josh Hawley (R-MO) announced the Patients Before Monopolies Act, a groundbreaking bipartisan bill that will force health insurers and pharmacy benefit managers (PBMs) to divest their pharmacy businesses within three years. The bill aims to eliminate the structural conflicts of interest that have driven independent pharmacies out of business, inflated drug prices, and harmed patient care. Representatives Diana Harshbarger (R-TN) and Jake Auchincloss (D-MA) will introduce a companion bill in the U.S. House of Representatives. In response, the American Economic Liberties Project released the following statement endorsing the bill.
FTC and States Block Kroger-Albertsons in Historic Win for Competition and Communities
December 10, 2024 — This afternoon, U.S. District Court Judge Adrienne Nelson granted the FTC and 9 state attorneys generals’ motion for preliminary injunction of the Kroger-Albertsons grocery mega-merger—blocking the largest grocery merger in history. In separate litigation in the state of Washington, WA Superior Court Judge Marshall Ferguson made the same decision in favor of the Washington State Attorney General, saying the merger would create a “colossus.” In response to both of these victories for the FTC and states opposing the merger, the American Economic Liberties Project released the following statement.