Category Archives: Taxes & The Economy

31 Jan
0

Federal Reserve Analysis Confirms HLF Study on Swipe Fees and Credit Card Rewards

The Board of Governors of the Federal Reserve System recently released an economic analysis focused on credit card fees and reward programs.  The paper, in part, confirms independent analysis done in an HLF report last year that found that lower ...

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01 Aug
0

HLF Leads Coalition Letter Filing in Opposing to the FDA’s Proposed Ban on Certain Tobacco Products

HLF recently filed regulatory comments to the Food and Drug Administration in opposition to proposed bans on menthol cigarettes and flavored cigars.  The Hispanic Chambers of Commerce of California, Los Angeles and San Francisco, and the Neighborhood Business Alliance all ...

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10 May
0

New Employment Mandate Would Break President Biden’s Promise on Taxes

As we’ve previously discussed, a federally mandated ‘ABC test’ for workers would eliminate worker choice by forcing individuals who identify as independent contractors to become employees. This reclassification mandate would strip away the flexibility of contract work and up heave ...

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03 May
0

New HLF Report Highlights Effect of Retail ‘Swipe Fees’ on Consumers and Small Businesses

Today HLF released an analysis examining the cross-subsidy effect of the interchange fees, often called ‘swipe fees’ that retailers make to payment card networks for processing consumer purchases. Every time a credit card is used to pay for goods or ...

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19 Apr
0

The Cost of Living and Economic Uncertainty Is Rising. Why Do Regulators in Washington Want to Squeeze Working-Class Americans Even More?

Inflation is at record highs. Americans are paying more for gas, groceries, and basic goods than at any other time in recent history. What the Federal Reserve once called “transitory” unfortunately seems to be anything but. So why is it ...

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29 Mar
1

The SEC’s Regulatory Agenda Favors Big Corporations Over Investors and Everyday Americans

Sound economic policy appropriately crafted and scrutinized allows the free market to do what it does best: provide a wide range of opportunities for all Americans, regardless of status, wealth, or background. Unfortunately, the U.S. Securities and Exchange Commission (SEC), ...

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27 Dec
0

OAN Interview Regarding the Department of Labor’s ‘Fiduciary Rule’

Today One America News interviewed HLF’s president about the harm to minority communities that would result from a reinstatement of the so-called “fiduciary rule” that is being strongly considered by the U.S. Department of Labor.  HLF has a recent report ...

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08 Nov
0

New Research Shows Damaging Effect of “Fiduciary Rule” on Retirement Savings and Wealth Gap

HLF today released an in-depth analysis of the U.S. Department of Labor’s 2016 fiduciary rule—a regulation meant to help financial services consumers by seeking to legally ensure that advisors were acting in their customers’ best interest.   But despite the ...

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