Today on TAP: The libertarian crypto fantasy has backfired
banking
Posted inTAP
Gottheimer Rakes In Cash From Rent-a-Bank Practitioners He Supports
Today on TAP: The New Jersey congressman lobbies colleagues on behalf of predatory lenders
Posted inMoney, Politics, and Power
House Democrat Leading Effort Against Key Consumer Protection
Rep. Josh Gottheimer is lobbying against a resolution that would end the practice of predatory lenders charging astronomical interest rates on consumer loans.
Posted inEconomic Policy
The Fed Becomes the Nation’s Only Bank Regulator
A series of Federal Reserve officials have moved into key regulatory slots at other agencies.
Posted inEconomic Policy
Big Banks Charged Billions in Overdraft Fees During the Worst Months of the Pandemic
Recent financial disclosures show overdraft to be lucrative for commercial banks, and a burden on their most vulnerable customers.
Posted inEconomic Policy
Janet Yellen’s Blind Spot on Regulation
The Treasury secretary has made a number of concerning statements and failed to take action on a number of regulatory challenges.
Posted inFirst 100
First 100: Still No Sign of the Congressional Review Act
Plus, Biden needs to crack down on tax evasion from the ultra-rich.
Posted inEnergy and the Environment
John Kerry Must Choose: Wall Street or the Planet
Biden’s global climate change envoy shouldn’t count on the banks to end their investments in fossil fuels.
Posted inMoney, Politics, and Power
Bank Regulator Could Block Disgraced Ex–Wells Fargo CEO From $20 Million Payout
Joe Biden has hesitated in naming someone to run the Office of the Comptroller of the Currency. The result could be a golden parachute for Tim Sloan.
Posted inEconomic Policy
Will Financial Regulators Act on Climate?
Lael Brainard and Janet Yellen have been talking the talk about climate risk, but not translating that into meaningful action.