Trump’s Gift To Loan Sharks
Trump promised caps on credit card rates — but his regulators are helping banks kill state initiatives to impose those caps.
Economic Policy
Trump Issues Ethics Waiver For His AI/Crypto Czar
The White House granted the waiver to David Sacks a month after Trump fired the director of the independent agency charged with enforcing federal ethics statutes.
How Ads Increase Your Credit Card Bills
A new Federal Reserve study shows credit cards' high interest rates aren't because of lending risk — they reflect monopoly power built by marketing campaigns.
The Looting Of America’s Affordable Housing Fund
Private equity firms are diverting billions from a Great Depression-era mortgage program — and making huge profits.
Tim Scott Is “Proud” To Protect His Donors’ Junk Fees
Sen. Tim Scott took millions from banks and said exorbitant customer fees “should not be disturbing or illegal.” Now he’s overseeing financial agencies and trying to reinstate junk fees.
Biden And Trump Help Wall Street Prey On Your Retirement
Thanks to Trump’s giveaways and Biden’s reticence, private equity is coming for your 401(k) savings.
Regulators Warn Crypto Could Cause Another Financial Crisis
New government reports warn that the rise of crypto-related economic risks could trigger widespread financial disruption.
Welcome To The United States of Crypto
The cryptocurrency industry spent hundreds of millions to purge government crypto skeptics, and now it’s ready to reap the rewards.
The Coming Financial Hurricane
How Hurricane Milton and other climate chaos could trigger the next economic crisis.
Lawmakers Are Hiding Their Private Equity Millions
As Wall Street fights legislative crackdowns, J.D. Vance and other top lawmakers have tens of millions invested in private equity — and most don’t have to disclose the details.