Oct 25 Watch 4:02 Banks and credit card companies just scored a big win. What does it mean for consumers? By PBS News Hour 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 News Hour 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
Mar 24 Watch 8:29 Barney Frank takes on Bernie Sanders and the ‘too big to fail’ argument By PBS News Hour It’s been a common theme this campaign season: Are our banks still too big to fail? Former treasury official Neel Kashkari and presidential candidate Sen. Bernie Sanders have both shared their concerns with the NewsHour. For another perspective on the… Continue watching
Mar 24 Watch 7:16 News Wrap: U.S. indicts 7 hackers for attacks on banks By PBS News Hour In our news wrap Thursday, the U.S. has indicted seven computer hackers with ties to Iran’s government for malware attacks that cost American financial institutions tens of millions of dollars. Also, government troops opened an offensive to retake Mosul from… Continue watching
Feb 24 Watch 6:58 Former Goldman exec wants to downsize big banks By PBS News Hour As presidential candidates debate Wall Street regulation, an argument against big banks arose from an unlikely source. Former Goldman Sachs executive Neel Kashkari asserts banks that are “too big to fail” remain a serious threat to financial stability and must… Continue watching
Dec 16 Watch 8:29 What the Fed’s interest rate hike means for your wallet By PBS News Hour The Federal Reserve is doing something it hasn't done since 2006: raising interest rates. The long-awaited announcement by Fed chair Janet Yellen hikes a key short-term rate from near zero. For a closer look at how the Fed made its… Continue watching
May 30 Watch 4:08 How will financial ties with Cuba change now that it’s off the terrorism list? By PBS News Hour The State Department on Friday officially lifted its designation of Cuba as a state sponsor of terrorism, in one of the many recent steps by the Obama administration to reestablish diplomatic ties between Cuba and the U.S. Carla Robbins of… Continue watching
May 20 Watch 6:09 DOJ gets unprecedented guilty plea by five banks for rigging currency markets By PBS News Hour Five major banking institutions pleaded guilty to rigging currencies and manipulating the foreign exchange market in a case brought by the Department of Justice and other authorities. The banks were accused of manipulating the world's largest and least-regulated trading market,… Continue watching
May 14 Government opens public inquiry into potentially ‘harmful’ student loan servicing practices By Kimberly Hefling, Associated Press The Consumer Financial Protection Bureau opened a public inquiry Thursday into student loan servicing practices that it says can make paying back loans "stressful or harmful."… Continue reading