banking
US Consumer Board Conceals how Wells Fargo Fleeces Students
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
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
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
Senate Expands ‘Lobbyist Bill’ to Deregulate Real Estate
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
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
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
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’
