by Cormac Close | Jun 17, 2015 | Conservatism, Economy, Greek Crisis
Greece’s negotiations with its creditors are approaching a climax accompanied by dire headlines of impending collapse, but meanwhile most Americans feel that the economic drama unfolding across the Atlantic, while lamentable, is not really our problem. Three...
by Cormac Close | Jun 15, 2015 | Blog
Chances are, if you are a woman, African American or Latino and financed an automobile at a dealership, you paid more than a similar white customer. Even in 2015. It’s essentially a “black tax” of around $500 on many vehicles purchased by women or people of color. And...
by Cormac Close | Jun 10, 2015 | Financial Reform
It’s safe to say that Mary Jo White’s leadership of the Securities and Exchange Commission has been pretty disappointing. On her watch, bankers and traders have felt free to break the law again and again, knowing the SEC is too craven and impotent to do any more than...
by Cormac Close | Jun 9, 2015 | Financial Reform
Just when they thought we weren’t looking, the Republicans on the Senate Banking Committee snuck through a bill last week that would provide “regulatory relief” to “small banks” that are not “systematically important.” While Republicans do have a well-known tendency...
by Cormac Close | Jun 1, 2015 | Blog, Financial Reform
The Consumer Financial Protection Bureau unveiled a new set of proposals this past March to protect Americans from payday loans, a $27 billion industry offering short-term loans due the next payday. Now the industry is weighing in, saying that the rules would break...