Category Archives: Regulations and regulators

SEC Gives Private Equity Firm Welsh Carson a Wet Noodle Lashing Over Purchasing Kickback Abuse

More SEC enforcement theater on the private equity front.

Warren Buffett’s Mortgage Companies Engage in Alleged Discrimination Against Minority Borrowers, Violating Fair Housing Act

An investigative report suggests that Berkshire Hathaway’s mortgage lending operation discriminates against minority borrowers.

Colorado River: The Water War That Will Decide the Fate of 1 in 8 Americans

Water wars loom on the horizon, arising from overuse for generations of the Colorado River, which carved the Grand Canyon and serves as the main water source for much of the American West.

#TSBFail: MPs Barely Lay a Glove on CEO Pester, Who Discredits Himself All on His Own

Even with a mere wet-noodle lashing by MPs, TSB came off pretty badly in Parliament.

TSB’s IT Fiasco and Some Implications for Banks’ Legacy Systems

A hard look at the continuing IT disaster at UK bank TSB.

5 Policies That Could Improve Housing for the Renting Generation

Housing has become a more divisive issue than ever, as rising real estate costs and less job stability make buying a house both harder and more fraught. Renters need better protections, but how to get there?

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.

Disruptive Finance Huffing and Puffing Won’t Blow Big Bank Houses Down

Why newfangled finance will not have much impact on the banking industry.

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.

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?

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.

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.

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.