The Commodity Futures Trading Commission is a critical derivatives regulator, and a House reauthorization fails to fortify it.
financial industry
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.
Posted inMoney, Politics, and Power
Private Equity Tries to Protect Another Profit Center
The fight in Congress heats up over surprise medical billing, another abuse of the public driven by the private equity industry.
Posted inMoney, Politics, and Power
Private Equity’s Next Leveraged Buyout Might Be the Oval Office
Several candidates who have taken donor cash from private-equity barons have remained silent about the threat posed by the industry.
Posted inEconomic Policy
At Last, Legislation to Stop Private Equity Abuses
The bill to break the back of the worst thieves on Wall Street is sponsored by—no surprise—Elizabeth Warren.
Posted inHealth and Social Policy
Private Equity’s Latest Scheme: Closing Urban Hospitals and Selling Off the Real Estate
Thousands are expected to rally Thursday against the closing of Hahnemann University Hospital, a 171-year-old facility in Center City Philadelphia.