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Banking & Financial ServicesF

Next on the Federal Reserve’s Agenda: Your Credit Card

If there is one thing the Obama Administration has done with unwavering consistency, it is acting outside of its authority. Recently, the Federal Reserve has expressed interest in entering the electronic payments industry. More specifically: processing credit and debit card transactions. The possibility of this happening is alarming as it would mean the federal government would be trying to compete in an industry they regulate. This could pose a serious threat to the free market and competition in the electronic payment industry.

Banking & Financial Services Legislative Alerts

With Export-Import Bank, the More Things Change, the More They Stay the Same

October 06, 2014 J,

resh off from its nine month reauthorization thanks to free riding on the must pass resolution to continue funding the federal government, the Export -Import Bank is back up to its old tricks – awarding taxpayer backed goodies to some questionable foreign recipients. This time those goodies came in the form of recently announced handouts to Pemex, the infamous Mexican State owned Oil Company, that cashed in this month on over $1 billion dollars in long term loan guarantees from the Export-Import Bank.

Thanks to Free Ride on Funding Measure, Ex-Im Survives … For Now

September 18, 2014 J,

Congress has returned to Washington after a 5 week hiatus to deal pressing problems facing the nation both here at home and abroad. Unfortunately, the definition of what constitutes a pressing issue is often different in Washington’s marbled halls than in Main Street America. In no case is that more clear than with the last minute extension of the controversial Export-Import Bank.

Export-Import Bank: Privatized Gains and Socialized Losses

August 12, 2014 J,

Much has been written over the costs and shortcomings of the beleaguered bank as well as its corporate welfare aspects. In fact, one notable politician called Ex-Im “little more than a fund for corporate welfare” – but that was before he was elected president. What has been less discussed, however, is that for every job the Ex-Im bank “supports “it destroys as many, if not more, American jobs.

AFP Signs Memo for the Movement – End the Export-Import Bank

July 16, 2014 J,

Americans for Prosperity is proud to join 40+ coalition partners in signing a letter that urges all Senate and House Republicans to oppose reauthorizing the Export-Import Bank. The coalition calls on House leaders — particularly Majority Leader-elect Kevin McCarthy and House Financial Services Committee Chairman Jeb Hensarling — to oppose scheduling a vote on the Ex-Im Bank […]