Amar Bhide: The Case for Traditional Banking
Amar Bhide gives a clearly-written, compelling argument against a supposed banking “innovation,” securitization.
Read more...Category Archives: Credit cards
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?
Read more...Don Quijones: People Not Amused by EU Efforts to “De-Cash” their Lives
EU survey results show respondents overwhelmingly oppose proposals to impose an EU-wide cash ceiling that would throttle use of cash.
Read more...Visa Trying to Bribe Merchants to Stop Taking Cash
The latest chapter in the War on Cash.
Read more...Bill Black: The CFPB Arbitration Rule is Pro (Honest) Businesses
The CFPB takes a modest but important step to rein in fraud against consumers, which has banks hoppin’ mad.
Read more...Mandatory Arbitration Clauses: What’s Next?
What will CFPB head Richard Cordray do about mandatory arbitration clauses. Some Dems mull action– even without majority to change policy.
Read more...Taking on Trump’s Agenda: Nine Tough Questions for SEC Chair Nominee Jay Clayton on the Eve of His Confirmation Hearings
Risk your rice bowls! My riposte to pearl-clutching white shoe lawyers calling on Trump SEC nominee to denounce Trump visa ban.
Read more...