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...Category Archives: Credit cards
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...The CFPB’s Big Opponent, Jeb Hensarling, Rivals Trump in the “Make Stuff Up” Category
House Financial Services Committee chairman Jeb Hensarling takes his best shot at the CFPB and fails to land a single blow.
Read more...Trump’s and Hensarling’s Fact-Free Attack on Dodd Frank
Debunking Republican canards about Dodd Frank.
Read more...Things Just Got Serious in Europe’s War on Cash
Latest salvo on cash: European Commission explores setting a maximum limit on cash transactions, to apply cross-regionally from 2018.
Read more...Finance and Growth: The Direction of Causality
Too much finance is highly correlated with slower growth. But which comes first?
Read more...Yet Another Glaring Flaw With Trump Infrastructure Plan: Dependence on Vagaries of Tiny, Slow-Moving Tax Equity Market
The oh-so-clever Trump plan to use tax credits to fund infrastructure spending means it will be too small and slow to provide any real boost.
Read more...Can Trump Fire CFPB’s Cordray on Day One?
Republicans have been hostile to the CFPB since its inception. Will Trump fire Cordray quickly– relying on an October court ruling?
Read more...CFPB’s Project Catalyst Relies on Financial Innovation Fairy to Rescue the Underbanked
The CFPB’s Project Catalyst relies on the financial innovation fairy to produce consumer-friendly financial products rather than regulation.
Read more...Wolf Richter: Wells Fargo Hasn’t Changed One Iota – Aggressive Cross Selling Baked In
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