The incoming president’s transition team is making the case for reviving some long-buried monsters.
CFPB
Posted inMoney, Politics, and Power
Elon Musk and Friends Propose Defunding the Fraud Police
Some tech billionaires hate the CFPB, which protects Americans from scams and abuse. Why?
Posted inEconomic Policy
The End of the Whole-of-Government Approach?
In the Biden administration, some officials actually tried to govern. The squealing from corporations made clear that this novelty was effective.
Posted inTAP
Move Your Money
Today on TAP: The CFPB initiates a new ‘open banking’ rule that will make it less of a hassle to switch financial institutions.
Posted inEconomic Policy
How Hurricanes Are a Profit Center for Insurers
To compensate for exaggerated expectations of claims, they jack up rates and hollow out coverage, giving themselves more profit than before.
Posted inEconomic Policy
A Crossroads on Corporate Power
Where would Harris and Trump take antitrust enforcement?
Posted inEducation in America
Navient Kicked Out of Student Loan System That It Already Left
The company was a bad student loan servicer; so are its successors. The problem is that private servicers can’t make a profit without harming borrowers.
Posted inEconomic Policy
The Fed Caved on Bank Capital
Despite continued failures in the industry, the Fed decided to take orders from bank CEOs.
Posted inMoney, Politics, and Power
The Corporate Wishcasting Attack on Lina Khan
Billionaires are hopeful that Kamala Harris will break from the FTC chair. But she’s part of an entire network of policymakers who are actually governing in Washington.
Posted inLaw and Justice
Judges Block Huge Loophole in Lending Discrimination
The Seventh Circuit reversed a lower-court ruling that effectively would have made it legal to put up ‘Whites Only’ signs in businesses or on websites.