A recent report from the U.S. Department of the Treasury embraces regulatory reforms that closely follow Heritage Foundation recommendations to rein in the unaccountable Consumer Financial Protection Bureau (CFPB) including funding the bureau through congressional appropriations and make the CFPB director removable at-will by the president.

The report comes after Diane Katz, a senior research fellow in regulatory policy at Heritage and Alden Abbott, Heritage’s Rumpel Senior Legal Fellow, were invited by Treasury officials to present their research and counsel on reforming financial regulations.

The report cites two of Katz’s many papers on the CFPB.

Government interference in the financial market does not come without consequences. In the case of the CFPB, the rule of law is being supplanted by regulatory whim, producing deep uncertainty in the consumer financial market. And, the new regulatory strictures will increase consumers’ costs and reduce consumers’ choices of financial products and services.

“Diane’s work shed a bright light on the agency’s deleterious impact on America’s economy and democracy” said Jack Spencer, vice president for Heritage’s Institute for Economic Freedom and Opportunity. “The Trump administration and the Treasury’s recognition of Katz’s work to rein in the CFPB are important steps toward broader financial regulatory reform.”

More of Katz’s work analyzing the costs and dangers posed by the Consumer Financial Protection Bureau, including the 2013 report cited by the Treasury, can be found on Heritage.org.