Trump CFPB Abandons Billions in Consumer Relief, Letting Predatory Corporations Off the Hook
February 27, 2025 -- The Trump administration's Consumer Financial Protection Bureau (CFPB) has dismissed multiple enforcement lawsuits this week that sought to hold major financial institutions accountable for predatory practices, erasing billions in potential consumer relief. These cases, originally brought under former Director Rohit Chopra, targeted Capital One for deceptive interest charges, Vanderbilt Mortgage & Finance for predatory lending, Rocket Homes for illegal kickbacks, and Pennsylvania Higher Education Assistance Agency for improper loan collections. In response, the American Economic Liberties Project released the following statement.
Trump Administration Must Choose between Big Tech and U.S. Sovereignty as Industry Seeks to Weaponize Trade Policy to Attack Data Security, Privacy Policies in Other Nations that U.S. Has Also Adopted
February 26, 2025 -- Congress and federal agencies and U.S. states have adopted the same sorts of data security and privacy policies that Big Tech lobbyists are pushing President Trump to attack as the “illegal trade barriers,” a report released by Rethink Trade and the American Economic Liberties Project (AELP) revealed.
Economic Liberties Letter Calls on House E&C Subcommittee on Health to Advance PBM Structural Reform
Prior to today’s hearing on pharmacy benefit manager (PBM) reform at the House Committee on Energy and Commerce Subcommittee on Health (the Subcommittee), the American Economic Liberties Project sent a letter calling on the Subcommittee to advance legislation to re-structure the PBM market. The letter follows Economic Liberties’ launch of its Break Up Big Medicine initiative, which has already mobilized more than 56,000 people to call on policymakers to eliminate the structural conflicts of interest that sit at the heart of the healthcare industry.
Economic Liberties Applauds Michigan House for Advancing Legislation to Ban Secret Deals
February 25, 2025 -- Following news that the Michigan House of Representatives has voted 80-28 to advance HB 4052 and HB 4053, a bill that would ban lawmakers and their staff from entering into nondisclosure agreements—which are often used to push through corporate subsidy deals in secret—the American Economic Liberties Project released the following statement.
Economic Liberties Announces New Senior Fellows With Experience at FTC and DOJ to Join the Organization
The American Economic Liberties Project today announced five new Senior Fellows and Advisors, each with crucial experience serving at the White House, Federal Trade Commission and Department of Justice Antitrust Division, who will join the organization and assist in advancing its mission to tackle monopoly power across the economy. The additions include Hannah Garden-Monheit and Sally Hubbard coming in as Senior Fellows, Catherine Simonsen and Katherine Van Dyck joining as Senior Legal Fellows, and Blake Narendra as a Senior Advisor.