Watch our writers discuss the new frontiers of deregulation and financialization as well as some strange new financial alliances.
banking
Posted inEconomic Policy
Saule Omarova on Systemic Financial Risk and Her Failed Bid for Comptroller
‘There was a fear that I might be open to thinking systemically,’ says the Cornell Law professor who drew fierce opposition from the bank lobby.
Posted inEconomic Policy
The Obscure Democrat Enabling Republicans on Bank Regulation
Michael Hsu, the acting comptroller of the currency, has gone silent after initially siding with fellow Democrats on a bank merger review.
Posted inEconomic Policy
In Bid to Beef Up Bank Rules, Dems Stop Playing Nice
Republicans are crying foul as a Democratic majority at the FDIC sidesteps its Trump-appointed chair.
Posted inEconomic Policy
What the New Sheriffs of Wall Street Can Do
Biden has empowered a crop of aggressive financial regulators. They’ll need to look beyond the banking industry and into finance’s darker corners.
Posted inMoney, Politics, and Power
Here’s How Biden Could Override the Democrats Protecting Wall Street
Saule Omarova, whose nomination is in trouble partly due to progressives’ botched defense, could be appointed as first deputy and run the OCC in an acting capacity.
Posted inEconomic Policy
Two Dems Could Sabotage Bank Regulator Who Opposed Their Deregulatory Agenda
Saule Omarova’s past criticism of bank deregulation is a sticking point for Democrats wary of how aggressively she would regulate big banks.
Posted inMoney, Politics, and Power
The Corporate Most-Wanted List
A new report identifies 20 major corporate recidivists, with rap sheets that should be in the sights of the Justice Department’s new approach to white-collar crime.
Posted inEconomic Policy
Postal Banking Test in the Bronx Yields No Customers
From September 13 to October 31, not a single customer put a paycheck on a gift card in one of the four test locations.
Posted inEconomic Policy
New Postal Banking Pilots Trigger Praise, Concern
Advocates and politicians laud the stirrings of a postal banking system, but want to see rapid expansion.
