The City Will Decline—and We Will Be the Poorer for It
What might Brexit-induced losses to the City cost the UK economy?
Read more...Category Archives: Regulations and regulators
Wells Fargo CEO John Stumpf Blames Nasty, Scheming Employees for Fake Accounts Scandal
If Stumpf were captain of the Titanic, not only would the crash be the iceberg’s fault, but he’d also get the first seat on the lifeboat
Read more...Wells Fargo Exec Who Oversaw Fake Accounts Received $125 Million Upon Recent Retirement, Praise from CEO; Senate Hearings Next Week
The Wells Fargo “fake accounts” scandal gets uglier.
Read more...Don Quijones: Barcelona Just Declared War on AirBnB (and Its Hosts)
Why Barcelona is taking a tough stand on AirBnB, and has strong support of its citizens.
Read more...Hoisted From Comments: First Cut at Perps in Massive Wells Fargo Consumer Fraud
More evidence that regulators had no excuse for not naming, shaming, and at least fining key Wells Fargo execs in its massive consumer fraud.
Read more...Wells Fargo Fined $185 Million for Opening Phony Customer Accounts, Charging Fees Without Consent; Executives Go Scot Free
Wells Fargo executives make a clean getaway despite the bank engaging in large-scale, systematic consumer fraud.
Read more...Law Enforcement Losing War on White Collar Crime
Governments are losing the war on economic crime and considering new approaches, including involving the private sector to a greater degree.
Read more...Deutsche Bank and a $10Bn Money Laundering Nightmare: More Context Than You Can Shake a Stick at
Deutsche Bank’s $10Bn: the shell company back story
Read more...9th Circuit Shoots Down FTC’s Consumer Protection Authority Over Common Carriers
A federal appeals court recently decided that the FTC lacks consumer protection authority to regulate common carriers in any respect. This decision hamstrings the agency from regulating ATT, Google, Verizon and potentially applies to a wider range of companies, unless the decision is reversed on appeal or Congress chooses to act.
Read more...BLM Moves Onshore Oil and Gas Lease Auctions Online To Stymie ‘Keep It In The Ground’ Protests
Jerri-Lynn here. This short post highlights an important problem that we’ve seen arise over and over again with the administration which pledged to be the most transparent ever: the disconnect between public rhetoric and behind-the-scenes practice. The U.S. Department of the Interior’s Bureau of Land Management (BLM) presides over the allocation of oil and gas […]
Read more...Liberty Reserve, Bitcoin, and the US Bank Regulatory Dog That Didn’t Bark
How a toothless US watchdog, FinCEN, has largely ignored money laundering via Bitcoin and other digital currencies.
Read more...SEC Takes Victory Lap for Pathetic Performance of Whistleblower Program
The SEC has taken a premature victory lap on the pathetic performance of its whistleblower program, with messaging trumping performance.
Read more...Business Groups Aim to Strong-Arm CFPB on Arbitration
Business groups seek to thwart proposed CFPB regulations to limit forced arbitration clauses and allow consumers to bring class actions.
Read more...Is Toothpaste Dangerous to Your Health?
The US relies on industry self-regulation of personal care products, thus exposing consumers to harms, in contrast to Canada, Europe, and Japan.
Read more...How Veterans are Victims of Big Pharma
Yves here. While this post makes an important point about the degree to which veterans are targets for opioid marketing, as well as the creation of a large and multiheaded “pain lobby” to promote the idea that pain was undertreated (which may have been true, but not to the degree suggested). However, the article also […]
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