They are acting on behalf of the state’s massive estate trust industry.
banking
Posted inEconomic Policy
USPS Begins Postal Banking Pilot Program
The test allows customers to cash business or payroll checks at the post office and place them onto a gift card.
Posted inMoney, Politics, and Power
The Corporate State of Delaware
The tiny state has long been a hotbed for corporations. Can mounting public pressure push the state to change its centuries-old ways?
Posted inTAP
Is the Regulatory Future Powell or Omarova?
Today on TAP: Biden’s appointments have been largely progressive
Posted inEconomic Policy
Wall Street’s Attacks on Biden Nominee Are a Red Herring
Industry criticism of OCC pick Saule Omarova for wanting to end private banking masks their real fear of losing their derivatives businesses.
Posted inEconomic Policy
Can American Politics Allow for Long-Run Investment?
New programs to finance domestic manufacturing and set off a green boom rely on long-term thinking.
Posted inEconomic Policy
A Fintech Fox in the Regulatory Henhouse
Adrienne Harris, an industry-friendly fintech adviser, takes over New York’s powerful financial regulator.
Posted inEconomic Policy
When a Financial Regulator Acts Like a Concierge
The Commodity Futures Trading Commission honored a banking industry request in a matter of days.
Posted inEconomic Policy
Cities Want to Use Federal Rescue Funds to Pay Off Bank Debt
Activists and local progressive officials don’t want to let them.
Posted inEconomic Policy
Larry Summers Holds Positions With Numerous Financial Bottom-Feeders
The online, often predatory lending companies benefit from lower-income Americans needing emergency cash. That aligns with Summers’s concern trolling about an ‘overheated’ economy.