In advance of his Jackson Hole speech, the Fed chair has neglected his role of ensuring the safety and soundness of banks with substantial fossil fuel assets.
banking
Posted inTAP
Argentina: Vultures Come Home to Roost
Today on TAP: How America’s most predatory hedge funds deepened Argentina’s economic miseries and helped invite a far-right reaction
Posted inEconomic Policy
Sketchy Auto Title Loans Under Fire
The Consumer Financial Protection Bureau is taking aim at the practice of borrowers exchanging the title of their vehicle for a small-dollar loan.
Posted inMoney, Politics, and Power
Wall Street Stokes Culture War to Fight Swipe Fee Reform
The credit card industry is attempting to whip up right-wing hysterics to fight a bipartisan financial reform.
Posted inEconomic Policy
Banks: The Weak Spot in a Strong Recovery
The larger problem is feeble and captured regulation, resulting in multiple intra–executive branch fights.
Posted inEconomic Policy
Jay Powell’s Federal Reserve: Protection for Bankers, Pain for Everyone Else
Continuing interest rate hikes as the Black unemployment rate starts to tick up reveal a misunderstanding of monetary policy history.
Posted inEconomic Policy
The Predators Making Big Profits From Poverty
The shady tax refund industry skims onerous junk fees from low-income returns and shares personal taxpayer data in the process.
Posted inEconomic Policy
Secretary Yellen, Where Are the Crypto Tax Regulations?
After almost two years, the Treasury Department hasn’t even started trying to force crypto companies to pay what they owe.
Posted inEconomic Policy
Intra-Administration Fight on Bank Mergers Breaks Open
The Justice Department’s antitrust chief signaled that he would override banking regulators if necessary if a proposed merger harmed the public.
Posted inEconomic Policy
Dueling Bipartisan Proposals to Seize Pay From Failed Bank Executives
Elizabeth Warren introduced a bill with widespread Republican support, but Sherrod Brown replaced it with his own.
