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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
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.
False
By Louis Jacobson • January 12, 2026
Pete Buttigieg
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."
Mostly False
By Caleb McCullough • February 26, 2025
Instagram posts
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.
Mostly False
By Tatevik Lazaryan • June 18, 2024
Ron DeSantis
Ron DeSantis
stated on February 27, 2024 an interview on CNBC:
Citizens Property Insurance “is not solvent.”
Mostly False
By Louis Jacobson, Samantha Putterman • March 14, 2024
Instagram posts
Instagram posts
stated on February 28, 2024 an Instagram post:
Video shows Kamala Harris saying Democrats would use taxpayer dollars to bribe voters.
False
By Sofia Ahmed • March 7, 2024
Facebook posts
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.”
False
By Sara Swann • September 26, 2023
Facebook posts
Facebook posts
stated on March 15, 2023 a headline shared on Facebook:
Silicon Valley Bank “donated $73M to 'BLM Movement'”
False
By Madison Czopek • March 22, 2023
Facebook posts
Facebook posts
stated on December 9, 2022 a reel:
The Federal Reserve “has suspended the availability of new currency.”
False
By Gabrielle Settles • December 14, 2022
TikTok posts
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.”
False
By Gabrielle Settles • September 8, 2022
Viral image
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.”
False
By Ciara O'Rourke • August 19, 2022
Facebook posts
Facebook posts
stated on July 15, 2022 a Facebook post:
The entire banking system in Canada is closing down.
False
By Jill Terreri Ramos • July 28, 2022
Bloggers
Bloggers
stated on November 14, 2021 a blog post:
“Biden’s banking nominee demands all ‘private bank accounts’ be eliminated”
Mostly False
By Jill Terreri Ramos • November 19, 2021
Candace Owens
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."
Mostly False
By Samantha Putterman • October 11, 2021
Infowars
Infowars
stated on September 13, 2021 an Instagram post:
“Biden’s Treasury Department declares IRS will monitor” all accounts over $600.
Mostly False
By Tom Kertscher • September 15, 2021
Raphael Warnock
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."
Half-True
By Tom Kertscher • October 31, 2020
Facebook posts
Facebook posts
stated on April 2, 2020 a Facebook post:
Says Nancy Pelosi “made millions in coronavirus insider trading.”
False
By Tom Kertscher • June 30, 2020
Lincoln Project
Lincoln Project
stated on May 5, 2020 an ad:
"Trump bailed out Wall Street, but not Main Street."
False
By Louis Jacobson • May 7, 2020
Joe Biden
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.”
False
By Louis Jacobson • March 18, 2020
Pete Buttigieg
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."
Mostly False
By Louis Jacobson • February 25, 2020
Elizabeth Warren
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.”
Mostly False
By Amy Sherman • February 20, 2020
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Latest promises about Financial Regulation

Donald Trump
Donald Trump
Allow free access to the drug market
More progress for some types of drugs, less for others | July 15, 2020
Barack Obama
Barack Obama
Create a public “Contracts and Influence” database
The database was never developed | December 28, 2016
Barack Obama
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
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
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
Barack Obama
Establish transparency standards for military contractors
Contracting reforms are in place, but not transparency standards | July 16, 2012
Barack Obama
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
Barack Obama
Create a consumer-friendly credit card rating system
Consumer advocates say Obama exceeded his credit card promise | October 17, 2011
Barack Obama
Barack Obama
Create new financial regulations
Barack Obama signs financial reform law | July 21, 2010
Barack Obama
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
Barack Obama
Pay for the national service plan without increasing the deficit
Bill signed, but no budget offsets | January 11, 2010
Barack Obama
Barack Obama
End no-bid contracts above $25,000
No sign of action | January 6, 2010
Latest promises about Financial Regulation