A new bill by Bernie Sanders and Alexandria Ocasio-Cortez seeks to limit credit abuses and make banking more accessible.
Read more...War on cash- issues and complications undermine business case for till-free stores.
Read more...FIS and Worldpay are merging, hyping that they’ll be a bank in a box. Clive looks under the hood and doen’t like what he sees.
Read more...Consumer debt continues to grind upwards.
Read more...Michael Hudson discusses the economic impact of not writing down debts in the wake of the crisis.
Read more...Another IT outage in the UK serves as pushback to the war on cash, with even the ECB conceding it doesn’t foresee a totally cashless society, leaves those relying on credit cards alone to make payments vulnerable.
Read more...This so-called expansion is more and more brought to you by subprime borrowings.
Read more...More consumer pushback in the war on cash: An industry dogged by non-believers who fret about privacy and fraud.
Read more...The Wall Street Journal gets itself duped into publishing some particularly flaky, um, nebulous, um, aspirational Amazon banking ideas.
Read more...Why FinTech will not be as disruptive as its promoters would have you believe.
Read more...PayPal is no longer getting away with the sort of things it could as a payment processor newbie.
Read more...Amar Bhide gives a clearly-written, compelling argument against a supposed banking “innovation,” securitization.
Read more...Trump will soon name a replacement for CFPB director Richard Cordray; rule-making and enforcement priorities will become more bank-friendly.
Read more...Trump deregulatory agenda advances, via agency decisions, and a new EPA lawsuit policy to stymie regulation by litigation.
Read more...Trump signs resolution overturning CFPB’s mandatory arbitration ban– thus killing the agency’s most pro-consumer initiative to date.
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