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 Robert Borosage | Jun 4, 2015 | Blog, Financial Reform
Sen. Elizabeth Warren on Tuesday released a blistering 13-page letter to Securities and Exchange Commission chair Mary Jo White, calling out her “extremely disappointing” leadership of what should be the chief cop on the financial beat, accusing her of "broken...
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...
by Richard Eskow | May 22, 2015 | Blog, Financial Reform
The Justice Department's latest settlement with felonious big banks was announced this week, but the repercussions were limited to a few headlines and some scattered protestations. That's not enough. We need to understand that our financial system is not merely...
by Isaiah J. Poole | May 21, 2015 | Blog, Economy, Financial Reform
If you think allowing post offices to morph into neighborhood banking centers is at best a utopian fantasy, or a just plain crazy idea, the Postal Service Inspector General wants you to think again. The inspector general's office released a report today concluding...
