Financial Regulation Scorecard true 0% 15 Checks mostly true 0% 22 Checks half true 0% 35 Checks mostly false 0% 37 Checks false 0% 36 Checks Pants on Fire 0% 10 Checks For more details, see the Principles of PolitiFact All Fact-checks for Financial Regulation Donald Trump stated on January 11, 2026 remarks to reporters Credit card companies would be “in violation of the law” if they don’t cap interest rates at 10% by Jan. 20. By Louis Jacobson • January 12, 2026 Pete Buttigieg stated on February 18, 2025 an X post “I am not making this up: Republicans have introduced legislation … to increase your bank fees." By Caleb McCullough • February 26, 2025 Instagram posts stated on May 26, 2024 Instagram post Ronald Reagan’s Federal Communications Commission abolished the Fairness Doctrine and gave rise to Fox News. By Tatevik Lazaryan • June 18, 2024 Ron DeSantis stated on February 27, 2024 an interview on CNBC Citizens Property Insurance “is not solvent.” By Louis Jacobson, Samantha Putterman • March 14, 2024 Instagram posts stated on February 28, 2024 an Instagram post Video shows Kamala Harris saying Democrats would use taxpayer dollars to bribe voters. March 7, 2024 Facebook posts stated on September 13, 2023 a Facebook video Under Project Hamilton, “every dollar you hold in your bank account, your wallet and even your retirement” will be confiscated and “replaced with a dangerous new totally digital dollar.” By Sara Swann • September 26, 2023 Facebook posts stated on March 15, 2023 a headline shared on Facebook Silicon Valley Bank “donated $73M to 'BLM Movement'” By Madison Czopek • March 22, 2023 Facebook posts stated on December 9, 2022 a reel The Federal Reserve “has suspended the availability of new currency.” By Gabrielle Settles • December 14, 2022 TikTok posts stated on August 29, 2022 a video Executive Order 14067 will allow the federal government to “turn on and turn off your money.” By Gabrielle Settles • September 8, 2022 Viral image stated on August 17, 2022 a Facebook post “Tulsi Gabbard Venmos Nancy Pelosi $600.01 forcing the IRS to audit Pelosi’s finances.” August 19, 2022 Facebook posts stated on July 15, 2022 a Facebook post The entire banking system in Canada is closing down. By Jill Terreri Ramos • July 28, 2022 Bloggers stated on November 14, 2021 a blog post “Biden’s banking nominee demands all ‘private bank accounts’ be eliminated” By Jill Terreri Ramos • November 19, 2021 Candace Owens stated on September 9, 2021 a tweet “The Biden administration is attempting to empower the IRS to monitor every single withdrawal, deposit, and transaction you make from your personal banking accounts, PayPal, Venmo, etc." By Samantha Putterman • October 11, 2021 Infowars stated on September 13, 2021 an Instagram post “Biden’s Treasury Department declares IRS will monitor” all accounts over $600. September 15, 2021 Raphael Warnock stated on October 28, 2020 an interview When Sen. Kelly Loeffler heard about the COVID-19 risk, she “focused on her own portfolio” and "profited from the pandemic." October 31, 2020 Facebook posts stated on April 2, 2020 a Facebook post Says Nancy Pelosi “made millions in coronavirus insider trading.” June 30, 2020 Lincoln Project stated on May 5, 2020 an ad "Trump bailed out Wall Street, but not Main Street." By Louis Jacobson • May 7, 2020 Joe Biden stated on March 15, 2020 a debate Because the Federal Reserve recently cut interest rates to near 0%, “the Fed will be of little consequence now. They’ve already used what leverage they have.” By Louis Jacobson • March 18, 2020 Pete Buttigieg stated on February 22, 2020 a speech Says Bernie Sanders would “go beyond reform and reorder the economy in ways most Democrats — let alone most Americans — don’t support." By Louis Jacobson • February 25, 2020 Elizabeth Warren stated on February 19, 2020 the Las Vegas debate “Mayor Bloomberg was busy blaming African Americans and Latinos for the housing crisis in 2008.” By Amy Sherman • February 20, 2020 Load More Latest Articles Lisa Cook is fighting President Donald Trump’s plan to fire her. What comes next? By Louis Jacobson • August 26, 2025 Critics accuse President Donald Trump of insider trading. Experts say that’s a stretch. By Louis Jacobson • April 10, 2025 What’s behind Republicans’ claim that Joe Biden received $40,000 of ‘laundered Chinese money’? By Madison Czopek • November 14, 2023 Why are banks like First Republic and Silicon Valley failing? And how unusual is this? By Louis Jacobson • May 3, 2023 Ron DeSantis’ baseless theory that the government wants to control people’s purchases By Louis Jacobson • April 12, 2023 Was Silicon Valley Bank demise caused by Trump easing regulation, ‘woke’ efforts, or something else? By Louis Jacobson, Matthew Crowley, Maria Ramirez Uribe, Yacob Reyes • March 13, 2023 Can student loan debt be canceled by a president’s executive order? By Cassidey Kavathas • June 14, 2021 Joe Biden’s promises on the economy: A closer look By Louis Jacobson • January 22, 2021 Kamala Harris Says She ‘Took On The Big Banks’ As California Atty. General. Did She Go Far Enough? By Chris Nichols • August 25, 2020 How the 2008 and 2020 recessions will be different, and why that matters By Louis Jacobson • March 20, 2020 How the coronavirus shook the stock market, explained By Bill McCarthy • March 10, 2020 Latest promises about Financial Regulation Donald Trump Allow free access to the drug market More progress for some types of drugs, less for others | July 15, 2020 Barack Obama Create a public “Contracts and Influence” database The database was never developed | December 28, 2016 Barack Obama Enforce pay-as-you-go (PAYGO) budget rules President signed a PAYGO bill, but GOP House changed key Democratic rule | December 20, 2012 Barack Obama Provide tax credits for automakers to build fuel-efficient cars Tax credits and loans exceed $4 billion promise | August 6, 2012 Barack Obama Cap interest rates on payday loans and improve disclosure After long wait, new agency takes up role overseeing payday loans | August 3, 2012 Barack Obama Establish transparency standards for military contractors Contracting reforms are in place, but not transparency standards | July 16, 2012 Barack Obama Restore the government’s ability to manage contracts by rebuilding our contract officer corps Some progress, but much work remains | November 3, 2011 Barack Obama Create a consumer-friendly credit card rating system Consumer advocates say Obama exceeded his credit card promise | October 17, 2011 Barack Obama Create new financial regulations Barack Obama signs financial reform law | July 21, 2010 Barack Obama Require insurance companies to cover pre-existing conditions Ban on denying insurance because of a pre-existing condition is achieved | March 26, 2010 Barack Obama Pay for the national service plan without increasing the deficit Bill signed, but no budget offsets | January 11, 2010 Barack Obama End no-bid contracts above $25,000 No sign of action | January 6, 2010 Latest promises about Financial Regulation
