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Better Markets President and CEO Dennis Kelleher was asked to testify at a key Senate hearing on June 25, when he reminded lawmakers that America’s top five gigantic, derivative-dealing banks must be properly regulated... Read More
U.S. banking regulators have issued another round of dangerous de-regulatory proposals that will increase the likelihood of another financial crisis. These rule proposals would scale back three of the most important banking... Read More
It’s hard to believe, but some brokerage firms specialize in hiring recidivist brokers ⁠— those with 3, 4, 5 and even more customer-related disciplinary infractions on their record. These “predator wolf-... Read More
Stress tests, as we’ve detailed here, have been invaluable in strengthening our financial system. They are vital tools that protect taxpayers and our economy by making sure that banks have enough capital to... Read More
Stress tests are critical tools to protect the economy and taxpayers.  Such tests, which regulators conduct on banks to see if they could survive a financial shock without failing, would have been invaluable  ... Read More
Almost everything you buy (gas, cereal, coffee, etc.) is connected to complex financial instruments called “derivatives,” about 90% of which are controlled by the five biggest Wall Street banks.  If those... Read More
A decent job with good wages that can support a family, buy a home, put the kids through college while saving for retirement and maybe even going on a nice vacation once in a while. A future for the kids that is better... Read More
With the first Democratic presidential candidates’ debate this Wednesday and Thursday, it’s a good time to look at what they’ve been saying and the key issues, which we will be doing often over the next... Read More
Wall Street banks and corporations and their lobbyists, trade groups and political allies have been trying for years to take away the rights that consumers and investors have to recover money when they are ripped off by... Read More
  Too often bad laws, rules and regulations are obfuscated with ambiguous language and provisions or outright false wrapping and rhetoric. That’s what happened this week when the SEC finalized a misleadingly... Read More
If you have a Chase credit card, Chase is about to take away your legal rights if Chase rips you off.  But, you can stop them if you act quickly.  We will explain below what they are doing, why it’s so... Read More
Last week, the Financial Times exclusively reported that the Department of Justice is considering criminal charges against Goldman Sachs for its involvement in the 1MDB crime spree. If you haven’t been following... Read More
A memo released by the Trump administration’s Office of Management and Budget (OMB) directed all agencies to submit so-called guidance to the White House for review looks like an attempt to put up another major hurdle... Read More
Much like the subprime bubble that sparked the 2008 financial crisis, there is a growing number of people who see the same thing happening with high-risk, low quality leverage loans.  With increasingly poor underwriting... Read More
It's easy to get distracted by the outrage-of-the-day coming from the Trump White House.  But a must-read article posted by the New York Times ahead of its publication in this Sunday’s magazine really... Read More
New Ideas for Jobs, Economic Growth and Broad-based Prosperity for All Americans At Better Markets, we fight for a strong, stable financial system that supports three pillars of the American Middle Class:  jobs,... Read More
As if it wasn’t enough that new CFPB Director Kathy Kraninger was doing her best to help predatory payday lenders, a federal judge in Texas decided to leave in place a stay on the compliance date of the payday lending... Read More
The only reason banks are backed by governments and taxpayers – and why they were bailed out in 2008 – is because they are supposed to serve an essential public function:  providing financial support to the... Read More
Many years ago, after depositing a check in your bank, it would take several days for the funds to get from the place where the money was to your bank.  During that time, those funds would not be available to you at... Read More
Bravo to the SEC for Directly Attacking Some Dysfunctional/Predatory Market Structure Problems SEC Chairman Jay Clayton and Director of Division of Trading and Markets, Brett Redfearn, appeared together at an event at... Read More