The (Liz) Warren Commission and Financial Reform
A lot of hope was placed on the back of Elizabeth Warren and the financial reform act passed by Congress at the behest of the Administration formally known as the Dodd-Frank Wall Street Reform and...
View ArticleChris Dodd Uses Hearing to Call on Geithner to Do His Job
Chris Dodd didn’t have many questions in yesterday’s hearing on the foreclosure crisis. But he did use the opportunity to call on Tim Geithner to convene the Financial Stability Oversight Council to...
View ArticleExpect Our Banana Republic-Like Access to Justice to Get Worse
Not long ago, an independent group showed that the access to justice for the average American rivaled that of a banana republic. And no one is making much of an effort to fix that problem. As DDay...
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Michael Barr–Liaison on Foreclosure Fraud Investigation–Leaves Treasury
Just one week ago, Iowa’s Attorney General Tom Miller told Chris Dodd that Assistant Secretary of the Treasury for Financial Institutions Michael Barr was the key person from Treasury working with the...
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JP Morgan Chase Nickel and Diming the Last Nickels and Dimes from the Unemployed
The National Consumer Law Center just released a report on something that’s been a pet peeve of mine for some years: states’ increasing reliance on pre-paid cards to distribute unemployment...
View ArticleUS Bank Plans to Make Up Profit on Swipe Fees by Screwing the Unemployed
The other day I summarized a National Consumer Law Center report showing how some banks–particularly US Bank and JP Morgan–are screwing those who receive unemployment funds on debit cards with...
View ArticleThe Challenge To Richard Cordray Not Being Discussed
The internets are alive with the sound of excitement over the appointment today by President Obama of Richard Cordray to be Director of the Consumer Finance Protection Bureau (CFPB). And, as Brian...
View ArticleThe Curious Timing of Kushner’s visit to KSA and the U.S.’ EITI Exit
Trump’s son-in-law Jared Kushner — he of the shaky memory and a massive debt in need of refinancing — met with Crown Prince Mohammed bin Salman within the same week the U.S. withdrew from an...
View ArticleSenate Democrats Caving, May Roll Back Dodd-Frank Regulations
After the recent indictments of Paul Manafort and Rick Gates which included charges for bank fraud, it should be obvious there are still problems with smaller banks making loans based on sketchy...
View ArticleThe Challenge To Richard Cordray Not Being Discussed
The internets are alive with the sound of excitement over the appointment today by President Obama of Richard Cordray to be Director of the Consumer Finance Protection Bureau (CFPB). And, as Brian...
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