Today on TAP: More bank deregulation from the Trump administration
banking
Posted inMoney, Politics, and Power
JPMorgan Gets Back Into the Electricity Business
An El Paso, Texas, electric utility is being purchased by an investment fund with deep, undisclosed ties to the big bank.
Posted inTAP
A Century in the Making
Today on TAP: California to get public banks, and a weekly roundup
Posted inDay One Agenda
Create a Public Option for Simple Banking
Under current authority, the post office can expand its financial services options. A major postal workers union even has it in their bargaining contract.
Posted inEconomic Policy
With the Volcker Rule Now Dead, Democrats Need to Bring Back Glass-Steagall
Trump’s ‘regulators’ have allowed banks to play fast and loose with your deposits. It’s time to make banks’ speculation with your money flat-out illegal.
Posted inEconomic Policy
Representative Gottheimer Asks Regulators to Deregulate Banks He’s Invested In
At the behest of a big-bank trade group, Gottheimer rallied 16 of his fellow Democrats to join him in urging financial regulators to gut a provision of Dodd-Frank that protects insured depository institutions from risky trading.
Posted inMoney, Politics, and Power
Facebook Wants to Become the World’s Banker—and Congress Isn’t Paying Enough Attention
Despite the company’s plan to issue its own currency, lawmakers haven’t grasped the threat this poses to the world’s economy.
Posted inEconomic Policy
Congress’s New Progressives Take On the Banks
The House Financial Services Committee—long a landing place for pro-bank Democrats—now includes AOC and a flock of leftists. And Maxine Waters is its new chair.
Posted inEconomic Policy
What Banks Owe America
A proposed overhaul of the Community Reinvestment Act could redefine the banking sector’s obligations to the communities that they serve.
Posted inMoney, Politics, and Power
For Banks, Double the Trickle-Down Delight
Trump’s tax cuts and deregulation are a bonanza for Wall Street.