Treasury Department Launches Attack on the Consumer Financial Protection Bureau Ahead of Vote
The window for President Donald Trump to gut the CFPB's arbitration rule is closing fast. Now the Treasury Department has joined the fight.
David Dayen
David Dayen is the executive editor of The American Prospect. His latest book, “Monopolized: Life in the Age of Corporate Power,” was released in July 2020.
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Google Is So Big, It Is Now Shaping Policy to Combat the Opioid Epidemic. And It's Screwing It Up.
Google stopped running ads for drug treatment centers, thus reshaping the rehabilitation industry and how we approach ending America's opioid epidemic.
Senate Democrats Claim a Top Banking Regulator Is Serving Illegally in His Position
Acting Comptroller of the Currency Keith Noreika should either “become a permanent federal employee or step down from his position," senators argue in a letter to the Treasury.
Puerto Rico Relief Bill Cancels $16 Billion in Debt -- But Not for Puerto Rico
The House bill cancels $16 billion of the National Flood Insurance Program's debt while loaning Puerto Rico $5 billion -- money it will have to pay back.
In New Lawsuit, Corporations Band Together to Stop Consumers from Banding Together
The least self-aware corporations on the planet collectively went venue-shopping for a court that would block others from collectively going venue shopping.
We Can Finally Identify One of the Largest Holders of Puerto Rican Debt
The Baupost Group, a Boston-based hedge fund managed by billionaire Seth Klarman, owns nearly $1 billion of Puerto Rico's debt.
'Monopoly Man' Shows Up At Wells Fargo Hearing As Senate Pushes To Legalize Ripoff Clause
Sen. Elizabeth Warren effectively accused Wells Fargo CEO Tim Sloane of securities fraud over his response to the bank's fake accounts scandal.
Anti-Monopoly Candidates Are Testing a New Politics in the Midterms
Can taking on Monsanto's monopoly win over farmers in Iowa?
Puerto Rico Rejects Loan Offers, Accusing Hedge Funds of Trying to Profit Off Hurricanes
The Prepa Bondholder Group offered $1 billion in new loans and a swap of $1 billion in existing bonds for another $850 million bond.
After Equifax Breach, GOP Senators Don’t Yet Have Votes to Overturn Critical Rule That Protects Consumers
Overturning the rule would protect financial companies from class-action lawsuits and force consumers to forfeit their right to a day in court.