Bank Watch: Wells Fargo Fined $1 Billion
The OCC and CFPB imposed $1 billion in fines on Wells Fargo Friday, continuing the kind and gentle treatment of bank transgressions pioneered by the previous administration.
Read more...Category Archives: Regulations and regulators
US Opioid Prescriptions Fall at Record Rate
Some good news on the opioid front is not good enough.
Read more...Disruptive Finance Huffing and Puffing Won’t Blow Big Bank Houses Down
Why newfangled finance will not have much impact on the banking industry.
Read more...Through the Revolving Door, with a Few Stumbles – Health Care Corporate Executives and Consultants Continue to Become Leaders of Trump’s Department of Health and Human Services
As hard as it may be to believe, health care industry corruption is increasing, as measured by revolving door appointments.
Read more...Don Quijones: After a String of Corporate Scandals and Collapses, “Big Four” Accounting Giants Face Breakup in the UK
The Big Four accounting firms desperately need to be reformed. But are UK regulators up to the task?
Read more...Don Quijones: As Banks Embrace Biometric Tracking of Customers, Cybertheft Explodes in Mexico
Mexico will requires banks to collect biometric data from all their customers this year– a policy that will exacerbate economic crimes committed by hacking databases.
Read more...Opioid Lawsuits: DoJ Seeks to Participate in Settlement Talks
Federal District Judge Dan Polster pushes parties to the litigation and others concerned to craft a comprehensive settlement to the opioid crisis; attorney general Jeff Sessions’ DoJ seems more interested in fence sitting that rolling up its sleeves.
Read more...The Hudson Report: The Economic Impact of Bipartisan Bank Deregulation
Michael Hudson debunks the talking points used to sell the just-passed bank deregulation bill.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Fourteen: The New Yorker Lays Out the Template for Pro-Uber Propaganda
Dissecting the New Yorker’s fawning profile of new Uber CEO Dara Khosrowshahi.
Read more...Wolf Richter: Collapse of Cryptocurrencies in Q1 – Even the Biggest Crashed 67% to 88%
Cyrptocurrencies’ wild ride is looking more and more like a skydive with no parachute.
Read more...Is It Time to Delete Facebook?
Could it be that public indignation at the Facebook profile harvesting scandal will lead to new regulation that could impede the value of some tech-based advertising models? Will it lead to a consumer backlash?
Read more...The Brexit Transition Deal
Economists do not have much nice to say about the UK’s Brexit transition deal.
Read more...Plastic Watch: Great Pacific Garbage Patch Grows
The Great Pacific Garbage Patch, a major plastic accumulation zone located between California and Hawaii, is growing at a rate greater than previously believed, according to a new scientific paper published last week.
Read more...Aliso Canyon Disaster Highlights Risks, Inadequate Safety Rules Governing Natural Gas Storage
Report documents how the self-regulation fairy proved itself as inept in protecting the public from dysfunctional management decisions that compromised safety and led to the Alito Canyon natural gas disaster.
Read more...Brexit: UK Capitulates
The latest installment in the Brexit soap opera.
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