The Consumer Financial Protection Bureau is taking aim at the practice of borrowers exchanging the title of their vehicle for a small-dollar loan.
banking
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.
Posted inEnergy and the Environment
Can Public Banks Play in Tax Equity Markets?
What’s the difference between building clean energy and paying for it to be built? With billions in tax breaks at stake, the distinction is becoming more important to parse.
Posted inEconomic Policy
Predatory Lending’s Prey of Color
Black and Latino borrowers are more likely to get trapped in cycles of debt, because they have few other options for dealing with structural poverty.