Bureaucrats in Washington are often accused of being out of touch with the citizens who pay their salaries. Time after time, Washington elites make decisions about education, healthcare and taxes that show they’re out of step with the needs and wants of American voters.

A perfect example of this disconnect came last October, when Richard Cordray, then director of the Consumer Financial Protection Bureau, released his Vehicle, Title, and Other High-Cost Installment Loans Rule – also known as the small-dollar loan rule. Now millions of people are at risk of losing access to much-needed credit.