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Published Tuesday, March 25, 2014
March 25, 2014

Institute for Liberty Calls out CFPB Director Cordray

Washington, D.C. – The following statement was prepared for delivery today by Institute for Liberty (IFL) President Andrew Langer at the Consumer Financial Protection Bureau (CFPB) field hearing in Nashville, TN:

"CFPB Director Richard Cordray and Members of the Panel:
Thank you for the opportunity to speak today.  My name is Andrew Langer, and I am President of the Institute for Liberty, a non-profit advocacy organization based in Washington, D.C.  We focus on executive branch regulatory policy, and the impact of the regulatory state on business in America.

I have to say, I am deeply concerned with Director Cordray’s remarks.  Not so much for what you said, Director, but by what you didn’t say.  For instance, I take issue with what you and other panelists have said, raising concerns about the potential interest payments on so-called 'payday loans.'  This is misleading—since such situations aren't limited to payday loans.  A family that takes out a 30 year $100,000 mortgage at a 4% APR will ultimately pay nearly $200,000 in interest over time.  This is not a public policy problem, however, and it should not be. The assessment of the riskiness of a loan is something that only a marketplace can really determine. The riskier the loan, the higher the terms. We cannot and should not be creating policies to eliminate risk.
But were your remarks to be taken at face value, one would think that this Administration were merely interested in fixing problems existing in the short-term, small-value, high-risk loan industry.  But what you failed to mention is the ongoing effort by this Administration to essentially destroy this industry through efforts like Operation Choke Point, whose literal goal is to 'choke off' the access to capital and payments necessary for this industrya thriving and vital sector of the economy—to survive.

The idea that this Administration wants to destroy this free market private industry, replacing it with a combination of postal lending (yes, your local post office would become your neighborhood lender) and community activist lending institutions should raise serious concerns.  Right now, businesses are footing the bill for their losses.  The Administration wants to put American taxpayers on the hook for what could potentially be billions of dollars in defaults.  This is an incredibly bad idea. Essentially, we're looking at a 19th century institution to solve a 21st Century problem; this defies common sense."

IFL is an aggressive defender of the rights of individuals to pursue the American dream. They inject the perspective of small businesses, and the working families that depend on them, into the public policy debate. For more, please visit:  

Published Monday, March 24, 2014
March 24, 2014

IFL President Andrew Langer Calls
Obama’s Operation Choke Point a "Thugocracy" Tactic

Washington, D.C. – The following is a statement from Institute for Liberty President Andrew Langer:
“The Guardian ran an Op-Ed yesterday written by’s David Dayen, which was laden with false premises, and posits a discredited narrative that so-called 'payday lenders' represent some sort of market failure -- a market failure requiring massive government intervention in the marketplace.  No such failure exists, certainly not one requiring the total-destruction of an entire industry in the financial services sector using heavy-handed 'thugocracy' tactics. That's precisely what Operation Choke Point is: the government, acting as thugs, to do indirectly what it cannot do directly.
Progressives have always worked hard to attempt to ameliorate risks in a marketplace.  This goes hand-in-hand with their efforts to guarantee equality of outcomes in most other areas (wages, education, etc.).  But when the left tinkers in marketplaces in order to do what market forces warn not to, disaster ensues.  This is the same kind of policymaking that led to the rise of the housing bubble and its eventual collapse: well-intentioned policymakers wanted people with risky credit to buy homes, so they pressured mortgage companies into giving them loans by 'scoring' them on the number of risky loans they gave. 
The result was calamity -- and our economy is still struggling to improve.
Attempting to transfer the liability of low-dollar, high-risk loans from viable businesses to the American taxpayer is like deja vu all over again.  Worse, the idea of giving this responsibility to the U.S. Postal Service takes their collective eyes off of their primary (and constitutionally-mandated) responsibility.  Any time you take an agency's focus away from its core responsibility, it is bad public policy.”

IFL is an aggressive defender of the rights of individuals to pursue the American dream. They inject the perspective of small businesses, and the working families that depend on them, into the public policy debate. For more, please visit:  

Published Tuesday, May 21, 2013

None of us like taxes, but for one of the largest U.S. companies to use schemes and tactics to protect its income from the IRS is unpatriotic, and in the case of Apple, it led to a significant shortfall in government revenues.  Even the most conservative estimates of what Apple sheltered would have brought billions to federal coffers – money that could’ve saved many health and safety programs from Sequester’s chopping block.  Programs like early childhood education through Head Start, public housing support, and health research at NIH all are victims of The Apple Sequester.


Apple is saying that they didn’t skirt the law – and that what they did was within the letter of the law.  Even if that’s true, their actions are profoundly un-American and especially insulting since millions of Americans support their company.

Published Monday, April 23, 2012

Earth Day’: Greens Rally To Destroy Jobs, Hurt The Poor
Decades Of Putting Environmental Ideology Ahead of Human Interests

WASHINGTON – Millions of environmental activists will gather this Sunday to celebrate “Earth Day,” an event organizers claim is “widely credited with launching the modern environmental movement.”  ‘Earth Hour’ comes on the back of moves by Greenpeace and the Sierra Club to destroy the U.S. coal industry, a source of energy for almost half of Americans and income for almost 100,000. 


Earth Day is not some benign gathering of green groups who go to sleep for the other 364 days of the year.  It is, in fact, an environmental crusade now into its fifth decade focused on revolutionizing the global economy from one of free market prosperity to one of central planning, failure, and misery.  Just look at what the greens are doing targeting the coal industry.  A recent report from the National Economic Research Associates (NERA) discovered that current EPA regulations alone will see electricity rates soar by 23 percent in some parts of the country.  The cost of Greenpeace and the Sierra Club’s policy measures would kill the economy.  As the rest of us work to make the U.S. economy more competitive and amenable to job creation, the greens will truly show where their loyalties lie on ‘Earth Day’,” said Andrew Langer, spokesperson for the Consumer Alliance for Global Prosperity.


“For some reason groups like Greenpeace and the Sierra Club deem it necessary to see families already hard-up from the sluggish economy to pay yet more to heat their homes and run their small business.  But it’s not just the coal industry that’s under perpetual threat.  The very same groups pushing for unreasonable reductions in energy consumption have also been on the offensive against paper manufacturers and their retailers at both home and abroad.  Just in the past few months, WWF and Greenpeace have coerced leading retailers from Safeway, Barnes and Noble, and Danone into exclusively sourcing products certified by the Forest Stewardship Council (FSC), a non-transparent certification scheme that raises costs for American consumers.  Again, WWF and Greenpeace have put their own ideological agenda ahead of the well-being and livelihoods of people across this entire country.”


Earth Day takes place this Sunday, April 22, a date that happens to fall on the birth of Soviet revolutionary and tyrant Vladimir Ilyich Lenin.  The initiative was founded by radical greens in 1970 who sought to build on their successes after seeing the passage of the Clean Air ActClean Water Act and the Endangered Species Act.  The U.S. government, through the Department of Energy, Department of Agriculture, Peace Corps, and NASA is listed as a “Partner.”

The Consumers Alliance for Global Prosperity (CAGP) is an action-oriented advocacy group that promotes free trade, economic growth and pro-consumer policies across the world. We are passionate in the defense of individual rights and the interests of consumers. CAGP is a project of the Institute for Liberty, a non-profit advocacy organization dedicated to preserving individual rights, protecting entrepreneurship worldwide, and promoting prosperity both in America and abroad.

Published Wednesday, September 28, 2011
IFL President Andrew Langer weighs in on the efforts to fight against the PROTECT IP act!  Click HERE for his blog... more»
Published Thursday, September 22, 2011

IFL President Andrew Langer, long a critic of those who use government power to destroy their competitors, writes a blog post about Google Chairman Eric Schmidt's history of going after Microsoft.


Published Wednesday, April 27, 2011
You can now access the Liberty Line Podcast right here on the IFL Website!  Just here! more»
Published Thursday, March 31, 2011

Last week, the Congressional Budget Office released a report saying that taxing Americans on how far they drive each year would be both practicable AND practical.  IFL believes this to be part-and-parcel of the left's War on Rural America - and will be putting together a petition drive saying just that!

In the meantime, you can check out Andrew Langer's Daily Caller piece either on their site, or here on IFL's...

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