A new congressional resolution aligns Republicans with the financial industry’s fight to preserve sky-high credit card late fees.
banking
Posted inLaw and Justice
Chamber Takes an L on Egregious Judge Shopping
The U.S. Chamber of Commerce filed suit against the CFPB’s credit card rule in a judicial district that contains no credit card companies.
Posted inEconomic Policy
How the Welfare State Fails the Poor
A bureaucratic paper chase undermines compassion and practical help for the needy, while Wall Street gets whatever it wants. It doesn’t have to be that way.
Posted inTAP
A Capital Crime
Today on TAP: Fed Chair Jerome Powell is sabotaging a rule requiring stronger capital standards for banks—that he pretended to support.
Posted inEconomic Policy
A Public Option for Credit Card Shopping
The Consumer Financial Protection Bureau is taking aim at pay-to-play credit card comparison websites that collude with big banks to block competition.
Posted inVideos
The Prospect Weekly Roundup: Is Surveillance Reform Possible?
On our weekly live YouTube show, our executive editor and writing fellow unpack the biggest news stories of the week.
Posted inEconomic Policy
Capital One–Discover Merger Tests Bank Regulators’ Merger Approach
Regulators have dragged their feet on new bank merger guidelines. They now have a $35 billion reason to get moving.
Posted inEconomic Policy
The Bankers’ Front Groups Fighting Tougher Capital Rules
It’s understandable that Wall Street wants weak rules. Why are so many community groups serving as the banks’ echo chamber?
Posted inMoney, Politics, and Power
Bank Bailouts, Building Power, and Health Care Privatization
A look back at the Best of 2023 for our executive editor
Posted inMoney, Politics, and Power
American Kleptocracy Revisited
Our investigative editor’s favorites for 2023
