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.
Archive
Explore all of The Lever’s reporting that holds the powerful accountable.
The Plutocrats’ Plot To Control America
Under the banner of voting reform, a tycoon’s plan could give the rich even more power to buy elections.
LEVER WEEKLY: “Schools Need To Pay Their Fair Share”
From Ivy League tax dodges to Elon Musk’s cushy new court system, here’s all the news from The Lever this week.
YOU LOVE TO SEE IT: States Depoliticize Utility Bills
Plus, Oregon aims to limit corporate takeover of medical clinics, federal regulators investigate private use of corporate aircrafts, and more student debt relief is on the way.
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.
Sirota’s Signals: It’s The Cost Of Money, Stupid
Plus, the lost Richard Lewis interview, a huge sale in D.C., a long-forgotten anniversary, and the unfortunate return of Arthur Laffer.
The Koch Network Is Killing Rail Safety
The billionaire-backed Koch network is leading efforts to stonewall the bipartisan Railway Safety Act.
Elon Musk Flees To Billionaires’ New Court
Burned by legal decisions, Elon Musk is relocating his rocket company to Texas — where he’ll enjoy a new, separate justice system controlled by his ally, Gov. Greg Abbott.
Ending The Ivy League’s Tax Dodge
As efforts mount to finally tax private universities’ massive endowment funds, wealthy institutions are fighting back.
LEVER WEEKLY: Wall Street Wants To Be Your Doctor
Wall Street has its hands all over your pharmaceuticals, and other news from The Lever this week.