By Timothy P. Carney | 08/19/14 06:41 PM
Congress thought it was time to replace "captured" financial regulators with a new, un-captured regulator. But that's not what the CFPB turned out to be.
08/19/14 03:15 PM
ALBANY, N.Y. (AP) — Standard Chartered Bank reached an agreement with New York regulators to pay a $300 million penalty and suspend dollar exchanges through its New York branch for high-risk retail business clients at its SCB Hong Kong subsidiary. The Department of Financial Services said the...
08/14/14 05:15 PM
WASHINGTON (AP) — U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. Yet the New York Fed also said that loans to borrowers with shoddy credit,...
By Susan Ferrechio | 08/11/14 04:09 PM
A Clinton-era tax credit program intended to help grow businesses in low-income communities is instead benefitting big banks and private investors to the tune of more than $1 billion annually.
By Joseph Lawler | 08/07/14 04:53 PM
A big missing piece of the consumer recovery is falling into place in 2014.
By Joseph Lawler | 08/07/14 03:18 PM
If you have $400 to spare, count yourself lucky: Half of Americans would have trouble raising that amount in an emergency, according to a new report that suggests that many U.S. families face surprising financial difficulties.
By Joseph Lawler | 08/05/14 05:47 PM
Federal bank regulators warned 11 big banks Tuesday that their plans for avoiding a financial panic are insufficient.
By Timothy P. Carney | 08/04/14 08:20 AM
It's called the political economy: Politicians use the taxpayer to subsidize businesses, and then they demand money from those businesses.
By Joseph Lawler | 08/03/14 06:06 PM
In mid-2013, Americans finally began adding mortgage debt, and picked up the pace of their borrowing for other kinds of spending, as data from the Federal Reserve Bank of New York's credit survey shows.
By Nicole Gelinas | 07/31/14 06:52 PM
Ending "too big to fail" doesn't just require Congress to make a better banking law. It has to do with us, and weaning Americans from their addiction to debt.
By Blake Seitz | 07/31/14 02:40 PM
Since the Sept. 11, 2001, terrorist attacks, the U.S. and its allies have made great strides to stem the flow of money to terrorist organizations. And their enemies have responded by diversifying their portfolios.
By Joseph Lawler | 07/31/14 02:21 PM
The Government Accountability Office handed a modest victory to big banks Thursday in the ongoing fight over whether the "too-big-to-fail" problem has been resolved, while still giving bank credits something to cheer.
By Timothy P. Carney | 07/31/14 01:35 PM
If that expectation of a Wall Street bailout can be brought to near-zero, then that has some ramifications.
By Joseph Lawler | 07/28/14 07:02 PM
The median American household saw its wealth decline by more than one-third in the past decade, according to a new estimate published by the Russell Sage Foundation.
By Hester Peirce | 07/24/14 03:12 PM
The difficulty of Dodd-Frank implementation is not primarily the regulators' fault; the problem comes from Dodd-Frank's determination to rely on government regulation as a cure for government policy distortions. Instead, let's work on getting rid of the distortions that encourage people to behave...
By Byron York | 08/18/14
By Justin Green | 08/19/14
By Susan Crabtree | 08/19/14
By Sean Higgins | 08/19/14
By Mark Tapscott | 08/19/14