Blog
June 11, 2019
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
June 11, 2019
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
June 6, 2019
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
May 2, 2019
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
April 19, 2019
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
April 19, 2019
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
April 18, 2019
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
April 17, 2019
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
April 4, 2019
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
April 2, 2019
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
March 22, 2019
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
March 20, 2019
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
March 18, 2019
The Financial Stability Oversight Council (FSOC) was an innovation created by Dodd-Frank in response to several clear lessons learned in the 2008 crash. It was primarily to ensure that
(1) all financial regulators... Read More
March 5, 2019
Will altering the frequency of big bank stress tests from annual to every other year leave the big banks less prepared for a future financial crisis? That is the question addressed in comment letters filed by... Read More
February 27, 2019
SEC Doesn’t Take Away Ripped Off Shareholders’ Rights …..Yet
There’s some good news to report in the fight to preserve ripped off shareholders’ rights to seek justice in court, rather than... Read More
February 26, 2019
To protect Main Street Americans -- consumers, investors, homeowners, students, soldiers, retirees and the elderly -- from predatory financial behavior and financial instability that can lead to devastating financial crashes... Read More
February 1, 2019
Despite their protests that more and more deregulation is needed to ensure their strength, it was reported that for the first time since the years before the 2008 financial crisis, there was not a single bank... Read More
January 30, 2019
Fighting for the right for all Americans to have their day in court, Better Markets joined lots of other advocacy groups in a letter to SEC Chairman Jay Clayton, urging him to reject a pending attempt to take away... Read More
January 28, 2019
The Road to the White House Goes Through Main Street, Not Wall Street
As we wrote about recently, one of the most important ways to judge the 2020 candidates is not by their campaign trail rhetoric, but by their... Read More
January 14, 2019
Biggest Wall Street Banks Kill Fed Nomination, Demand Dangerous Deregulation
The Trump administration nominated one of the most qualified people possibly ever to the Federal Reserve Board last September, Nellie... Read More