Let the Predation Begin! CFPB Rolls Back Obama-Era Payday Loan Protections
Payday loan abuses are baaack, thanks to a full bore lobbying effort.
Read more...Category Archives: Regulations and regulators
Big Pharma Wants to Pocket the Profits From a COVID Treatment You Already Paid For
Why Gilead’s price gouging for its Covid-19 treatment remdevisir is even more egregious than you thought.
Read more...NY Department of Financial Services Fines Deutsche Bank Over Jeffrey Epstein Abuses; Where Are the Feds?
Deutsche Bank revealed again as being overly accommodating to clients who play fast and loose….this one Jeffrey Epstein.
Read more...Will the E-Money Boom Make the UK a Hub of Money Laundering?
Quelle suprise! E-money is facilitating financial fraud. And the UK’s FCA is unduly accommodating.
Read more...After Years of Underfunding, Now Public School Teachers Are Supposed to Save the Nation’s Economy?
Teachers are again in the middle of a political fight, this one over the perceived need to reopen US schools pronto.
Read more...Three Strikes against the Fed
Until the results of new stress tests are known, the uncertainty principle calls for extreme caution in the regulator’s approach to the capital adequacy of systemically important banks (and indeed of banks in general).
Read more...The Good, the Bad, and the Ugly About the Fed’s New Credit Allocation Policy
Why using credit as an economic remedy evenutally does more harm than good.
Read more...WSJ Says Banks Can’t Determine Who Is Credit-Worthy: More COVID-19 Fallout
WSJ says banks can no longer determine who is credit-worthy using existing models – more COVID-19 fallout, this of uncertain magnitude.
Read more...Waste Watch: Plastic Free July in the Age of COVID-19
As COVID-19 swamps the world, other problems remain. Commit to a plastic free July and mitigate the world’s plastic problem.
Read more...SEC Issues Devastating Risk Alert on Private Equity Abuses; Effectively Admits Failure of Last 5+ Years of Enforcement
The SEC’s Office of Compliance Inspections and Examinations says private equity conduct is really really bad.
Read more...Bayer Agrees to $10.9 Billion Glyphosate Settlement
Bayer agrees to $10.9 billion glyphosate settlement, resolving much pending US litigation. The company still faces European woes.
Read more...Massive Credit Losses to Hit European Banks in Q2 and into 2021, Particularly When Debt Moratoriums Are Lifted
Keeping tabs on the wobbly state of EU banks.
Read more...Who Pays for Stranded Assets? Taxpayers Are Footing The Bill For 100-Year Old Oil Wells
Why shuttering oil wells is a physical, economic, and political mess.
Read more...Trump Administration Hunting Rule Change: Making it Easier to Execute Alaska’s Bears in National Parks
Trump adminstration makes some rule changes that make it easier to execute bears on national land. Is this practice fair and what is hunting anyway?
Read more...Private Equity Gets New Pockets to Pick: Your 401(k), in Funds Repeatedly Cited by the SEC for Abuses
While the US was busy with coronavirus and George Floyd protests, private equity stormed the retail investor barricade.
Read more...