We need a democratic process for appointing leaders of regional Fed banks.
banking
Posted inMoney, Politics, and Power
Wall Street’s Favorite Financial Regulator May Be Looking for a New Job
CFTC Chair Rostin Behnam’s term doesn’t end until 2026, but there are rumblings of an early exit to the private sector. Place your bets where he’ll end up next!
Posted inMoney, Politics, and Power
The Curious Partner in Big Banks’ Drive to Weaken Capital Rules
Why are civil rights groups and Black mayors concerned with the profits of giant financial institutions?
Posted inTAP
The Banks’ Latest Hit Job
Today on TAP: Hill Republicans want to oust FDIC Chair Martin Gruenberg, citing sexual harassment elsewhere in the agency. The real issue is Gruenberg’s tough regulation of banks.
Posted inTAP
Innovations in Racism
Today on TAP: The CFPB fines Citibank for discriminating against … Armenians?
Posted inLaw and Justice
Nothing to See Here
The conviction of Sam Bankman-Fried is over, but little attention has been paid to the lawyers who helped build up FTX—and they want to keep it that way.
Posted inEconomic Policy
How Banks Keep You Trapped
Financial institutions are doing everything they can to prevent consumers from shopping around for better banking options. A new federal rule attempts to change that.
Posted inMoney, Politics, and Power
Cracks in the Blockchain Eight
After Hamas boosted its finances with crypto funding, over 100 members of Congress urged a crackdown on crypto money laundering, including two notoriously pro-crypto representatives.
Posted inEconomic Policy
Saving Vulnerable Banking Customers Billions
The CFPB’s new guidance says that customers cannot be charged for obtaining basic information about their accounts.
Posted inEconomic Policy
Capitalists Against Capital Standards for Banks
How the biggest banks are using community bankers to front for the self-interest of Wall Street in trying to weaken the rules