The mayor has already secured one of his top campaign promises, among other wins on behalf of New Yorkers.
junk fees
Posted inEconomic Policy
When in Doubt, Pretend to Be Lina Khan
The Trump administration’s plans to lower prices are just Biden-era retreads. Unfortunately, they’re just plans, with no expected follow-through.
Posted inEconomic Policy
Your Money Means Market Power for Banks
Deposits are the raw materials with which bankers play, the key to unlocking market power, as giants like Bank of America and JPMorgan Chase demonstrate.
Posted inEconomic Policy
Credit Unions Go Large and Go Rogue
Intended to bolster local access to lending, large credit unions today are swallowing up community banks. A Trump purge has reduced their oversight to one regulator.
Posted inMoney, Politics, and Power
Crypto Thought They Bought Congress. They Bought a Headache.
The industry thought it had its legislative wish list on track for passage. Then it all got mired in a fight over credit card swipe fees.
Posted inMoney, Politics, and Power
Congress Stops CFPB From Capping Overdraft Fees, Monitoring Big Tech
The two Congressional Review Act resolutions now go to President Trump.
Posted inEconomic Policy
Banks Approve of Republicans Increasing Bank Fees
A Biden-era CFPB rule limiting overdraft fees is under challenge, and lawmakers used bank lobbyists for their testimonials.
Posted inLaw and Justice
Best of 2024: Hassan Ali Kanu
Our staff writer offers his best of the year.
Posted inPolitics
Modest FTC Junk Fee Rule Built on Bipartisan Support
Democratic regulators wanted to make sure the rule will survive. Republican support on the commission and popular bills in Congress could get them there.
Posted inEconomic Policy
Polling Shows Voters Want to See Action on Corporate Power
The problem is the poll, shared exclusively with the Prospect, also shows that voters don’t believe the Biden-Harris administration has already taken action.