Your Credit Card Has a Dangerous Flaw That the Banks Refuse to Fix
January 16, 2014
Why the magnetic stripe on your credit card is putting you at risk.
A Small Bank in Utah Has Launched Wall Street's War on the Volcker Rule
December 30, 2013
While you were getting that pair of socks you always wanted, the government got an unexpected Christmas present: the first lawsuit seeking to nullify a portion of the Volcker rule, which regulators just finalized a few weeks ago.
Another Slap on the Wrist for a Company That Abused Homeowners
December 20, 2013
Mortgage servicing company Ocwen doesn't even have to admit it did anything wrong.
A Buddy of Big Banks May Wind Up Watchdogging Wall Street
December 13, 2013
A possible appointment that progressives see as a sop to big banks
The Volcker Rule: How It Will Work, and Why It May Still Fail
December 10, 2013
“As a starting point, we think the Proposed Rule is simply too tepid.” That was how Senators Jeff Merkley and Carl Levin opened their February 2012 comment letter to federal banking regulators about the “Volcker rule,” designed to prevent large banks
Financial Reform Is About to Catch a Second Wind
November 21, 2013
"Too Big To Fail" is in real trouble. It's about time.
Bart Chilton, the colorful, mullet-sporting member of the Commodity Futures Trading Commission (CFTC), resigned this week, after casting a final vote to set position limits, which would regulate the number of commodity trades individual speculators c
JP Morgan gets to write off its $13 bill fine. Thanks to Congress, homeowners don't get to write off the help it provides.
The Media Can't Stop Sucking Up to Alan Greenspan
October 22, 2013
Alan Greenspan should be apologizing to the country. Instead, he's back without regrets—and the star-struck media lets him get away with it.
You Thought the Government Shutdown Was Over. You Were Wrong.
October 18, 2013
It was an awful time. Federal employees had to take unpaid furlough days. Beneficiaries were thrown off of federal programs. Courthouses had to be sold.