Today on TAP: Her choice to vet candidates for vice president needed more vetting himself.
banking
Posted inPolitics
The Only Member of Congress Who Has Worked for Kamala Harris
‘What I saw is someone who is not for sale,’ Katie Porter told the Prospect.
Posted inEconomic Policy
Hello From the Middleman Economy
The reason things feel like they’re so broke is that they are.
Posted inEconomic Policy
The Fed Covers for Big Banks Amid Growing Stress
The central bank weakening the penalties for failing a living will plan is bad in theory. In practice, with commercial real estate defaults rising, it’s even worse.
Posted inAmerica and the World
Bob Menendez and Biden’s Cuba Policy
With the ultra-hawkish senator disgraced, what’s stopping Biden from resuming normalization of relations with Cuba?
Posted inEconomic Policy
Treasury Foresaw the Synapse Collapse Two Years Ago
An agency report detailed how fintech ‘neobanks’ could fall into the regulatory cracks. Nobody managed to patch them up, and now depositors can’t retrieve their own money.
Posted inTAP
Republican Hit Job on the FDIC Backfires
Today on TAP: The successor to the ousted chair, Martin Gruenberg, is likely to be an even tougher regulator.
Posted inEconomic Policy
A Continuing Struggle to Reform Payday Lending
While several states have capped interest rates recently, in Rhode Island, removing debt traps has been a 15-year odyssey with no end in sight.
Posted inLaw and Justice
Judge Appoints Trustee in Synapse Bankruptcy Mess
An independent monitor is tasked with helping over 200,000 fintech customers get access to their money. But huge funding discrepancies remain.
