Politics Nov 17 Biden’s nominee for bank regulator faces hostile opposition Banks are opposed because her previous criticism of the banking industry makes them fearful she will be a tough regulator for Wall Street. By Ken Sweet, Associated Press
Making Sen$e Feb 20 Column: How growing up in a bank desert can hurt your credit for the rest of your life Research shows that people who grow up in a bank desert on Native American reservations are more likely to fall behind on credit card and mortgage payments. By Tony Cookson, The Conversation
Nation Dec 28 Wells Fargo pays $575 million to settle state investigations into fake accounts The bank has been under a cloud since 2015 when it acknowledged that employees had opened millions of fake bank accounts for customers in order to meet sales goals. By Associated Press
Politics Mar 06 Watch 7:23 Sen. Heitkamp: Critics overstating case against bill loosening banking regulations A decade after the financial crisis spurred tough financial regulation, the Senate took a step toward rolling back some of those rules on Tuesday. Republicans were joined by more than a dozen Democrats in moving forward with a bill easing… By PBS NewsHour
Mar 05 Senate poised to ease Dodd-Frank rules for most banks By Kevin Freking, Associated Press Ten years after a financial crisis rocked the nation's economy, the Senate is poised to pass legislation that would roll back some of the safeguards Congress put into place to prevent a relapse. Continue reading
Nov 27 Watch 2:37 Duel over who runs the Consumer Financial Protection Bureau goes to court By PBS NewsHour The Consumer Financial Protection Bureau opened for business on Monday with dueling appointees. Leandra English was named acting director on Friday by the bureau's outgoing chief, but within hours President Trump appointed White House budget chief Mick Mulvaney to the… Continue watching
Oct 25 Watch 4:02 Banks and credit card companies just scored a big win. What does it mean for consumers? By PBS NewsHour The Senate overturned a rule on Tuesday that would allow consumers to bring class action suits against banks and credit card companies, ending a long-brewing battle over the use of arbitration clauses by financial institutions. William Brangham talks to Elizabeth… Continue watching
Jun 22 Column: The bank fees you don’t even know about By Lisa Servon The average charge per overdraft went from $21.57 in 1998 to $31.26 in 2012. Similarly, average ATM fees more than doubled between 2001 and 2014. But there are more fees -- fees you may not even be aware of. Continue reading
Nov 30 Watch After populist campaign, Trump assembles economic team of elites By PBS NewsHour President-elect Donald Trump’s proposed economic team suggests a preference for Wall Street veterans, in a reversal of his campaign promise to surround himself with establishment outsiders. Judy Woodruff speaks with David Wessel of The Brookings Institution about the “elite” appointments,… Continue watching