Wall Street Banks Accused of Trying to Sabotage Key Consumer Protection Rule
The Consumer Financial Protection Bureau wants banks to send data of ex-customers to a new bank. Banks are howling. They may have a point.
Read more...Category Archives: Banking industry
Bank Servicers Whittling Away at Hard-Won Protections Against Foreclosure Abuses: The Maine Example
Banks are slowly making gains in court rulings that will help them again engage in foreclosure abuses.
Read more...How Corporate Vehicles Conceal Crime and Chicanery
Financial vehicles designed to conceal wealth and questionable activity fuel corruption and crime while allowing perps evade accountability
Read more...Private Equity Pummeled by Higher Interest Rates as Portfolio Companies and Credit Funds Struggle; Use of PIK Loans Now Recalls Late 1980s LBO Crisis
More and more private equity and private credit deals are looking over-extended. How bad might things get?
Read more...The Fed’s Reactive-Looking Half-Point Rate Cut
The Fed’s half point rate reduction was unseemly large. What gives?
Read more...Naked Capitalism’s Skunk Party Manifesto Finds a Home in the New Kentucky Party
The Skunk Party Manifesto explained how the best political system money can buy is great for its customers and lousy for the rest of us
Read more...Michael Hudson: Debt, Economic Collapse and the Ancient World
Robinson Erhardt conducts a wide-ranging discussion of Michael Hudson’s work, including the social cost of debt bondage and rentierism
Read more...Gift Card Scams Generate Billions for Fraudsters and Industry as Regulators Fail to Protect Consumers − How One Fell into the ‘Fear Bubble’
Remarkable detail of how a gift card scammer successfully worked a mark, even with a bank and police trying to intervene.
Read more...The Irrationality of Markets
More evidence that the current level of advanced economy secondary market trading is bad for economic health.
Read more...How Kamala Harris Sold Out Struggling Homeowners to Save Banks in 2012 and Then Lied About It
Kamala is under scrutiny for policy flip-flops. Even worse is her lying about the badge of shame known as the 2012 National Mortgage Settlement.
Read more...Repaying Bank Loans Destroys Money
Richard Murphy discusses a key, and not well understood, implication of repaying bank loans.
Read more...Let’s Abolish the Colonial IMF on Its 80th Birthday
Developing country protesters want the IMF to stop exploiting countries in debt crisis. But is BRICS prepared to fill the gap?
Read more...Target Just Became the Latest US Retailer to Stop Accepting Payment by Checks. Why Have So Many Stores Given Up on Them?
Retailers and banks are discouraging the use of checks. Why?
Read more...US Fed-Induced World Stagnation Deepens Debt Distress
US and Fed bad cooking has led to weak growth the world, and by urging poor countries to borrow at once-low rates, debt distress.
Read more...How Corporations Are Fueling Geopolitical Tensions and Global Conflicts in the 21st Century
Multinational corporations with global reach are increasingly getting entangled in conflicts and geopolitical rivalries by supporting multiple sides.
Read more...