banking

US Consumer Board Conceals how Wells Fargo Fleeces Students

US Consumer Board Conceals how Wells Fargo Fleeces Students

December 12, 2018

The Consumer Financial Protection Board kept a detailed report about how Wells Fargo has long been involved in charging students up to three times more for financial services than other banks do. Why did the CFPB not reveal this? Bill Black explains

Student Debt Dogs Millennials for a Lifetime and Drags Down the Economy

Student Debt Dogs Millennials for a Lifetime and Drags Down the Economy

October 31, 2018

The student debt problem is exploding, growing three times as fast as any other kind of debt, yet the Trump administration is making it more difficult for students to seek debt relief. Ellen Brown of the Public Banking Institute outlines the implications

LA Voters to Consider Creating Nation's First Municipal Public Bank

LA Voters to Consider Creating Nation’s First Municipal Public Bank

October 16, 2018

A Los Angeles ballot measure could put the city one step closer to creating a public bank, which Phoenix Goodman of Public Bank LA says could help the city “transform banking from a source of evil” to a force that fights climate change and inequality

The Next Global Financial Crisis is Inevitable

July 22, 2018
It has been ten years since the last major financial crisis. With systemic deregulation undoing the safeguards, we are due for another crisis very one soon. Thomas Hanna, research director of the Democracy Collaborative’s Next System Project, says it is almost guaranteed

Senate Expands ‘Lobbyist Bill’ to Deregulate Real Estate

March 15, 2018

New measures added to the financial deregulation bill include the deregulation of commercial real estate, which threatens to re-create the conditions that led to the 2008 financial crisis, says Bill Black

Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption

February 21, 2018

Austerity didn’t produce recovery in Latvia, it produced the semblance of recovery, says white-collar criminologist Bill Black. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and violating sanctions against North Korea

Wall Street Wins as Senate Blocks Consumer Protection Rule

October 25, 2017

The Senate voted 51-50 to repeal a rule that would have made it easier for consumers to sue the financial institutions that defraud them. The move is “outrageous,” says white-collar criminologist Bill Black. “It should be a national scandal, and require resignations in disgrace”

In Historic Step, Banking Giant Cuts Ties With Tar Sands

October 12, 2017

Greenpeace’s Keith Stewart discusses the huge step by BNP Paribas to move away from tar sands and divest from ‘the dirtiest project on the planet’

Economy

September 20, 2017
Several government agencies and at least 34 state attorneys general have opened investigations into the Equifax data-breach scandal–which is ‘the gift that keeps on giving,’ says white-collar criminologist Bill Black