Adrienne Harris, an industry-friendly fintech adviser, takes over New York’s powerful financial regulator.
fintech
Posted inEconomic Policy
Larry Summers Holds Positions With Numerous Financial Bottom-Feeders
The online, often predatory lending companies benefit from lower-income Americans needing emergency cash. That aligns with Summers’s concern trolling about an ‘overheated’ economy.
Posted inEconomic Policy
Biden Needs to Be Wary of Crypto Grifters
The administration has a host of options to create a public option for digital currencies and use regulatory tools to prevent fraud and abuse.
Posted inMoney, Politics, and Power
House Democrat Leading Effort Against Key Consumer Protection
Rep. Josh Gottheimer is lobbying against a resolution that would end the practice of predatory lenders charging astronomical interest rates on consumer loans.
Posted inEconomic Policy
Plumbing the Depths at the SEC
It’s not enough to just get a new progressive chair. All of the key staff positions are also worthy of attention.
Posted inMoney, Politics, and Power
What’s Really at Stake in the GameStop Hearing
Markets are over-financialized, over-speculated, and bloated. Beyond WallStreetBets and Robinhood, that’s the real issue.
Posted inEconomic Policy
The Financial Reforms We Need
A conversation with former SEC official Lynn Turner, one of the great crusaders for fair and transparent markets
Posted inCabinet Watch
Deregulatory Trump Official Praises His Potential Successor
Brian Brooks, who ran the OCC under Trump, believes Michael Barr shares his vision on cryptocurrencies.
Posted inMoney, Politics, and Power
Elon Musk Pumped Dogecoin Into a 50 Percent Gain. Who Cashed In?
If a single tweet can wildly move prices, maybe there’s a problem with our financial markets.
Posted inCabinet Watch
The Centerpiece Battle Over Financial Reform Remains Unsettled
The choice of comptroller of the currency will help demonstrate which wing of the Democratic Party will wield influence in the Biden administration.