Showing the Latest Big Banks Results
REPORT: Most Who Filed SCOTUS Amicus Briefs Opposing CFPB’s Constitutionality Have Financial Motive in Crippling the Bureau
The vast majority of those who filed challenges to the bureau’s for-cause removal provision – and some to the CFPB’s very existence – have financial motives in seeing the bureau stripped of its independence or struck down entirely.
CFPB Director Kraninger Made Time For Big Bank Holiday Parties
Kraninger blocked off time to attend two separate holiday parties hosted by the Bank Policy Institute and the American Bankers Association — because it’s what friends do.
Trump-Appointed, Banker-Heavy FDIC Board Votes to Gut Volcker Rule
The Trump administration is rolling back the clock to let big banks get away with the same casino-like behavior with their customers’ money that led to the financial crisis ten years ago.
Senate Banking GOP Write Love Letter To Big Banks, Allied Progress Reacts
See July 30 Bloomberg Government piece, ‘GOP Senators Ask Regulators to Speed Up Bank Deregulation’. As Republican Senators beg the Trump administration to slash even more safeguards from the banking industry, Allied Progress Director Derek Martin had this to say in response: “In the wake of the big banks announcing $30 billion in profits last quarter, excuse us for not sharing…
Economists Say Financial System Risks More Bailouts, Big Banks Say Financial System Is Too Safe, Want Less Regulation
SHOT: Bloomberg (Editorial), June 18: “On average, the six largest banks have about $7 in equity for each $100 in assets. That’s less than half what economists at the Minneapolis Fed estimate they need to make bailouts acceptably unlikely.” CHASER: In responses to Questions for the Record from the House Financial Services Committee (see below) the…
Big Bank Profits Shoot Up 8.7% Despite GOP Claims of Overregulation
Washington D.C. (May 29th, 2019) — In response to reports that U.S. bank profits increased by nearly $5 billion last quarter — an 8.7 percent jump compared to the first quarter of 2018 — Allied Progress spokesman Jeremy Funk released the following: “We’ve been led to believe by the Trump administration and Congressional Republicans that regulators…
Banking CEOs Fail to Ease Concerns Over the Return of Risky, Pre-Financial Crisis Practices
The Big Banks say everything is fine. The ever-mounting scandals say otherwise.
Mulvaney Grants Financial Cheats “Independence” from Accountability
Mulvaney’s CFPB shows leniency toward law-breaking banks and predatory lenders while making consumers fight for themselves!
Fox Guarding the Henhouse: Noreika’s Fight for Forced Arbitration
Conflicts of interest run deep for acting comptroller of the currency
Chamber Goes to Court to Stop Consumers from Going to Court
Recent actions by the U.S. Chamber of Commerce and big banks to stop the CFPB’s arbitration rule reek of hypocrisy