
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.
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.
The promises of Klarna and other “buy now, pay later” companies are too good to be true.
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.
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.
Corporations think they’re entitled to sky-high profits, and it’s destroying the economy.
Banks are fighting a rule that would stop predatory fees they claim they don’t even charge.
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.
If Capital One is allowed to acquire Discover, it’ll gain access to a government loophole allowing it to raise prices and reduce competition.
Financial institutions are doing everything they can to prevent consumers from shopping around for better banking options.
Republican lawmakers funded by the credit card industry are fighting to protect the excessive fees companies charge consumers.