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.
CFPB
Posted inEconomic Policy
Taming the Pricing Beast
The government has a variety of strategies to protect the public from price-gouging and information advantages over the consumer.
Posted inTAP
A Window on Corporate Deceptions
Today on TAP: The amazing creativity of the Consumer Financial Protection Bureau
Posted inEconomic Policy
Loaded Up With Junk
Extra profits are the only explanation for many fees businesses charge.
Posted inEconomic Policy
Fintech Fight Leads to Hundreds of Thousands of Frozen Accounts
The chaotic bankruptcy of a middleware platform called Synapse has impacted numerous fintech companies, whose users are locked out of their savings.
Posted inLaw and Justice
Courts, Financial Industry Continue to Resist CFPB Enforcement
There are 16 cases that should go forward because of the Supreme Court ruling confirming the Bureau’s constitutionality. It’s been slow going.
Posted inVideos
The Prospect Weekly Roundup: Chinese Tariffs and CFPB Success
On our weekly live show, David Dayen and Bob Kuttner discuss new efforts to boost the domestic electric-vehicle industry.
Posted inLaw and Justice
The CFPB Ruling Strikes a Blow for Governing
Instead of giving in to cynicism, Congress created an agency to protect consumers. The Supreme Court declined to overrule it.
