A House Committee on Financial Services hearing Thursday morning was an exercise in gaslighting.
banking
Posted inEconomic Policy
Crypto Bank Machine Operators Swindle Seniors
Once described as the ‘AR-15s of the financial services industry,’ crypto ATMs remain a hotbed for scams targeting vulnerable communities. But third-party fraudsters aren’t the only ones laughing all the way to the bank.
Posted inEconomic Policy
Trump Attempts to Take Over Fed
It won’t work, but it sure will rattle the economy.
Posted inMoney, Politics, and Power
Silicon Valley Godzilla vs. Wall Street Mothra
The only two sectors thriving in Trump’s economy are increasingly sparring with each other.
Posted inPolitics
Crypto Week Revealed the Dittohead Congress
There are no ‘hard-liners’ in the Republican conference. And nobody interested in standing up for the institution of Congress either.
Posted inPolitics
Elimination of CFPB and Other Financial Agencies Tossed Out of Budget Bill
The repeal of the EPA’s fuel emissions standards also got the axe, because of the ‘Byrd Rule,’ which blocks policy decisions from budget reconciliation.
Posted inMoney, Politics, and Power
Crypto Thought They Bought Congress. They Bought a Headache.
The industry thought it had its legislative wish list on track for passage. Then it all got mired in a fight over credit card swipe fees.
Posted inPolitics
These 16 Democratic Senators Deserve a Primary
Allowing yourself to be bought by the crypto lobby is unforgivable.
Posted inLaw and Justice
Federal Judge Halts CFPB Purge Again
DOGE was apparently part of the effort to hobble the agency, along with Clarence Thomas pal Mark Paoletta. For the moment, the firing of 1,483 workers is on hold.
Posted inLaw and Justice
CFPB Slashed to the Bone, Threatening Financial Markets
The agency fired 1,500 workers on Thursday, which violates a court order and threatens a meltdown of mortgage markets and more.