America’s Subprime Economy
This so-called expansion is more and more brought to you by subprime borrowings.
Read more...Category Archives: Credit cards
Don Quijones: Consumers Stubbornly Cling to Cash, after Multiple IT Fiascos & Payment Systems Outages
More consumer pushback in the war on cash: An industry dogged by non-believers who fret about privacy and fraud.
Read more...Wall Street Journal Hyping Amazon Banking: “Ridiculous, Ridiculous, Ridiculous”
The Wall Street Journal gets itself duped into publishing some particularly flaky, um, nebulous, um, aspirational Amazon banking ideas.
Read more...FinTech and Banks
Why FinTech will not be as disruptive as its promoters would have you believe.
Read more...PayPal Demonstrates What Happens to Former Tech Unicorns Which Get Lame
PayPal is no longer getting away with the sort of things it could as a payment processor newbie.
Read more...Amar Bhide: The Case for Traditional Banking
Amar Bhide gives a clearly-written, compelling argument against a supposed banking “innovation,” securitization.
Read more...Trump Gets Chance to Reshape CFPB
Trump will soon name a replacement for CFPB director Richard Cordray; rule-making and enforcement priorities will become more bank-friendly.
Read more...New EPA Lawsuit Policy Advances Trump’s Deregulatory Agenda
Trump deregulatory agenda advances, via agency decisions, and a new EPA lawsuit policy to stymie regulation by litigation.
Read more...RIP, CFPB Mandatory Arbitration Ban
Trump signs resolution overturning CFPB’s mandatory arbitration ban– thus killing the agency’s most pro-consumer initiative to date.
Read more...India’s Demonetization Experiment Fails to Demonetize: Cash Comes Full Circle
Cash withdrawals from Indian ATM machines are nearly back to the level of just before Modi’s demonetization shock.
Read more...Cybersecurity Ain’t the Only Game in Town: The Scams Multiply
Cybersecurity is much in today’s news, but it’s not the only source of scams– which are much more omnipresent than in the past.
Read more...Bill Black: Massachusetts First to Sue Equifax Over Massive Hack
Several government agencies and at least 34 state attorneys general have opened probes into the Equifax data-breach scandal–‘the gift that keeps on giving,’ says Bill Black.
Read more...Wolf Richter: Worst US Consumer Data Hack Ever? Equifax Confesses
What you can do to safeguard your identity in the wake of the Equifax data breach– the worst ever.
Read more...Payday Lending and the CFPB: Another Pending Cordray Fail
CFPB director Richard Corday’s failure to push for a payday lending rule earlier means we’ll see no rule, for the indefinite future.
Read more...House Votes to Overturn CFPB Mandatory Arbitration Ban
House takes first step to kill mandatory arbitration ban; Senate and Trump will follow. Why did the CFPB wait so long to act on this issue?
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