Hundreds of consumers have complained to the CFPB about a credit card for rental payments called Bilt. But the agency has been prohibited from responding.
fintech
Posted inMoney, Politics, and Power
Another Biden Financial Regulator Spins Through the Revolving Door
Michael Hsu, former OCC head, has joined a VC firm backing crypto and fintech companies.
Posted inEconomic Policy
Crypto Bank Machine Operators Swindle Seniors
Once described as the ‘AR-15s of the financial services industry,’ crypto ATMs remain a hotbed for scams targeting vulnerable communities. But third-party fraudsters aren’t the only ones laughing all the way to the bank.
Posted inMoney, Politics, and Power
Report: 1 in 3 Big Tech Enforcement Cases Dropped by Trump Administration
Tech and crypto firms have spent $1.2 billion during and since the 2024 election, and they are reaping the benefits.
Posted inEconomic Policy
Usury in the Water
There’s never been a better time to be a loan shark for small businesses.
Posted inEnergy and the Environment
Sunburnt
How door-to-door solar salespeople can scam homeowners, and what the government could do to stop it.
Posted inMoney, Politics, and Power
The CFPB Shutdown Is Entirely About Payment Apps
Elon Musk and other Big Tech CEOs want to manage your money without any regulatory protections.
Posted inMoney, Politics, and Power
Economic Royalists, Corporate Scheming, and the Next Political Era
Our executive editor offers his best of 2024.
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 inVideos
The Prospect Weekly Roundup: Their Whole Racket Does Not Work
Our investigations editor takes us through some of the biggest scams of the week.