The Tyranny of Convenience
From the New York Times: Convenience is the most underestimated and least understood force in the world today. As a driver of human decisions, it may not offer the illicit…
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When Wall Street Writes Its Own Rules, It’s An Age of Unprecedented Corruption
From today’s New York Times: On July 25, 2013, a high-ranking federal law enforcement officer took a public stand against malfeasance on Wall Street. Preet Bharara, then the United States…
How Wells Fargo and Federal Reserve Struck Deal to Hold Board Accountable
From today’s New York Times: On a Thursday evening in mid-January, a group of top Wells Fargo executives sat down for dinner in an upscale surf-and-turf restaurant near the White…
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CFPB to reconsider rule on payday loans
From CNN Money Edition: The watchdog agency said in a statement Tuesday that it intends to “reconsider” a regulation, issued in October, that would have required payday lenders to vet…
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MLK Day 2018, A Time to Reflect on Socio-Economic Injustice In All Forms
In honor of MLK Day, we post a short educational video here with excerpts from Martin Luther King, Jr. and James Baldwin that draw the connection between racial injustice and…
Why the U.S. Spends So Much More Than Other Nations on Health Care
From today’s New York Times: The United States spends almost twice as much on health care, as a percentage of its economy, as other advanced industrialized countries — totaling $3.3…
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In Cutting taxes, the Economic Odds and Historical Experience Are Against Trump
From today’s New York Times: When President Trump adds his distinctive signature to the tax bill, he will also be making a huge bet that the Republican strategy of deep…
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Bad news for American consumer rights, as CFPB director announces departure
Richard Cordray, the head of Consumer Financial Protection Bureau, is stepping down at the end of the month. The bureau was created in the wake of the financial crisis and…
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Pence casts deciding vote in Senate to deny consumers rights to sue banks
From today’s Washington Post by Ken Sweet: Call it a win for “the swamp.” President Trump and Republicans in Congress handed Wall Street banks a big victory by effectively killing…
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Ralph Nader: Trump’s Anti-Consumer Agenda Hurts His Voters
From today’s New York Times “Opinion” Section by Ralph Nader; As a candidate, Donald Trump promised regular people, “I will be your voice,” and attacked the drug industry for “getting…