Establishing financial institutions and regulations that work for middle- and low-income Americans is possible. We just have to do it.
financial industry
Posted inEnergy and the Environment
JPMorgan Concedes It’s Trying to Buy an Electric Utility
The bank had denied for months that it was behind the sale of El Paso Electric.
Posted inPolitics
The Media’s Given Wall Street a Free Pass in the 2020 Primary
Despite a more treacherous financial system than four years ago, the media has made financial regulatory policy all but invisible in the Democratic race.
Posted inMoney, Politics, and Power
How to Buy a Regulation in Six Short Months
A payday lending CEO appears to have reversed the Consumer Financial Protection Bureau on a critical rule.
Posted inMoney, Politics, and Power
House Agriculture Committee Tries to Sneak Through Weak Financial Regulator Bill
The Commodity Futures Trading Commission is a critical derivatives regulator, and a House reauthorization fails to fortify it.
Posted inTAP
Private Equity’s Final Profits From Foreclosure Carnage
Today on TAP: Blackstone wraps up its Wall Street rental scheme
Posted inMoney, Politics, and Power
Trump’s Bank Regulators Open the Door to More Predatory Lending
A new proposed rule would allow ‘rent-a-bank’ schemes that could permit unlimited interest rates on loans as long as they come via a chartered bank.
Posted inMoney, Politics, and Power
Payday Lenders Suffer Rare Attack of Honesty
In Arizona, the industry has a bill that would block minimum wage increases, because when people don’t have money, they need short-term loans.
Posted inDay One Agenda
Overhaul the Business of Wall Street
Remaking the financial system does not require any new laws.
Posted inEconomic Policy
CFPB Summoning Zombie Debt Back to Life
The consumer agency is finalizing new rules on debt collectors that would enable them to get judgments on illegitimate debts.
