Archives by Tag ' DAVID DAYEN '
Editor’s Note: S.2155 is known in Washington as the Crapo bill. A fitting name. Even Georgetown Law professor and former CFPB adviser Adam Levitin in a blog post warns the dangers of further bank deregulation. This bill functionally exempts 85% of US banks and credit unions from fair lending laws in the mortgage market By […]
https://newrepublic.com/article/144230/lefts-misguided-debate-kamala-harris The Left’s Misguided Debate Over Kamala Harris My article about a bank’s law-breaking during the housing crisis became a political football, obscuring the real issue at hand. By David Dayen August 8, 2017 Back in January, after Donald Trump had nominated Steven Mnuchin as treasury secretary, I uncovered a leaked document from the California […]
By David Dayen, via Email alert Follow David on Tumblr Follow David on Twitter Subscribe to David Dayen’s newsletter Last week Wells Fargo was caught forcing unwanted insurance on car loan borrowers. This week, they’ve been exposed profiting from a DIFFERENT kind of unwanted insurance: The latest inquiry, by officials at the Federal Reserve Bank […]
David Dayen also joins Ring of Fire Radio withScott Millican today. By Scott Millican – August 4, 2017 https://www.youtube.com/watch?v=2DAvoAxehGw Today on Ring of Fire, Investigative Journalist, David Dayen, will join us to unpack the latest Wells Fargo Bank scandal and why he thinks they should receive the corporate death penalty.
By David Dayen, August 2, 2017 The Volcker rule was a sensible principle on the day Paul Volcker announced it in January 2010, in the first Obama administration response to Scott Brown’s Senate victory. Financial institutions shouldn’t be able to take deposits and use the money to gamble in the capital markets. Simple, right? But […]
President Trump and Republicans in Congress have broadcast their every intention to gut the Consumer Financial Protection Bureau. The president’s budget attempted to defund it and leading Republicans have called for its director to be fired and replaced with a more Wall Street-compliant regulator. But much like the bulk of Trump’s agenda, that assault remains […]
ByDavid Dayen; illustrated byLia Kantrowitz Jul 17 2017, 4:27pm The bank became notorious last year for creating fake accounts on behalf of customers. Now it’s trying to kill a class-action lawsuit over shady debit card fees. Wells Fargo became a poster child for corporations that abuse their own customers last year when it got fined […]
Billions in Student Debt Could Disappear Because of Lost Paperwork The latest example of America’s legal system being a total shitshow might actually help you out—if it doesn’t screw you over first. In 2006, Pablo Ramirez took out a private loan to attend Westwood College, a now-shuttered for-profit diploma mill in Fort Worth, Texas. Eight […]
The Real Threat To Wall Street Reform Is The Treasury Department, Not Congress The Real Threat To Wall Street Reform Is The Treasury Department, Not Congress David Dayen June 13 2017, 5:29 p.m. The Treasury Department’s first report recommending changes to the financial regulatory system wildly differs from the plan to dismantle Dodd-Frank that House Republicans […]
https://www.vice.com/en_us/article/the-bankers-behind-the-financial-crisis-actually-got-promoted?curator=MediaREDEF The Bankers Behind the Financial Crisis Actually Got Promoted by David Dayen/VICE Jun 1 2017, 1:00pm Millions lost their homes and jobs, and not only did the bankers not go to jail, most of them got new and better gigs, according to a new study. By now it’s well known that no senior […]
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