Trump’s Bid To Take Us Back To 2008
A top financial regulatory agency has been commanded to ease up on fintech and crypto industries.
CFPB
Banks Get Their Pro-Merger Regulator
Jonathan McKernan, Trump’s choice to run the nation’s financial watchdog, pushed for bank megamergers that his predecessor fought to prevent in the name of consumer protection.
Buy Now, Suffer Later
The promises of Klarna and other “buy now, pay later” companies are too good to be true.
YOU LOVE TO SEE IT: Big Grocery’s Merger Diet
Two huge grocery chains can’t merge, a junk-fee loophole gets plugged, crypto fraud goes to trial, and the Supreme Court has a big day off.
YOU LOVE TO SEE IT: The Consumer Watchdog Catches A Break
Plus, sick leave is sticking around, Medicaid tackles climate change, criminal justice reform is helping communities, and another state aims to make Big Oil pay.
The Lie Banks Use To Protect Their Late-Fee Profits
Corporations think they’re entitled to sky-high profits, and it’s destroying the economy.
Banks Want To Protect Their Junkiest Junk Fee
Banks are fighting a rule that would stop predatory fees they claim they don’t even charge.
The Lie That’s Inflating Your Credit Card Bills
Credit card companies doubled interest rates on the false claim of inflated financial risk — and now to fight new late-fee rules, they’re threatening to raise them even higher.
The Fed Is Behind The Credit Card Merger
If Capital One is allowed to acquire Discover, it’ll gain access to a government loophole allowing it to raise prices and reduce competition.
Your Bank Traps You. Here’s The Fix.
Financial institutions are doing everything they can to prevent consumers from shopping around for better banking options.