Comments to House Committee on Financial Services Overview Defined contribution retirement plans, particularly 401(k)s, are the central vehicle for American retirement savings. Yet the investment options available to plan participants remain disproportionately concentrated in public markets. Institutional investors – including…
Read moreHighlights Under former CFPB Director Rohit Chopra, the agency published a rule that would more heavily regulate the use of consumer data. The CFPB proposed applying the strictures of the Fair Credit Reporting Act to data brokers, effectively regulating these…
Read moreHighlights: The International Association of Insurance Supervisors (IAIS) continues to exert outsized influence that conflicts with the U.S. state-based regulatory system, as evidenced in a draft report released Wednesday. IAIS is an international nongovernmental organization (NGO) that has no regulatory…
Read moreHighlights Private markets have grown to over $13 trillion, but retail investors are largely barred from investing in these asset classes. These markets are generally only available to institutions and “accredited investors,” or individuals with sufficiently high income or wealth…
Read moreHighlights The Consumer Financial Protection Bureau (CFPB) has been fatally flawed since its establishment in 2010. The agency has defied Congressional oversight by design, and has exerted outsized regulatory authority over the financial services industry. Last-minute regulations pertaining to overdraft…
Read moreHighlights A new report from the American Consumer Institute identifies risks that NGOs such as the National Association of Insurance Commissioners (NAIC) pose to consumers. The NAIC makes decisions behind closed doors, is exempt from standard nonprofit financial disclosures, and…
Read moreHighlights: The Federal Reserve's proposal to lower debit interchange fee caps will primarily benefit large retailers while increasing banking costs for consumers and reducing financial inclusion. Historical evidence, including studies from the Richmond Fed and the University of Chicago, demonstrates…
Read moreHighlights This morning, Oren Cass of American Compass criticizes conservative views on tax policy in The New York Times, a viewpoint that is substantially at odds with conservative policymakers and voters. Public comments from conservative policymakers and Pinpoint’s recent polling…
Read moreNew Treasury Secretary Scott Bessent's confirmation suggested a gradual, measured approach to tariffs, diverging from President Trump's sweeping campaign promises, but subsequent trade policy developments have conformed to neither vision. Oren Cass, founder of American Compass, has defended erratic tariff…
Read moreHighlights: A new survey conducted by Fabrizio Ward and commissioned by Pinpoint reveals strong bipartisan support (57% - 13%) for expanding 401(k) investment options, including private equity, with even higher support among Trump voters (71% - 8%) and current 401(k)…
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