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After a lengthy, secretive and controversial process, the Federal Reserve Bank of New York has a new President: John Williams, currently the president of the Federal Reserve Bank of San Francisco. The criticism of the... Read More
When the Dodd-Frank financial protection law was passed in 2010 -- and virtually nonstop since then -- the financial industry and its political allies have claimed that it would kill banks’ revenue, profits and ability... Read More
A provision tucked into the spending bill this week illustrates so much of what’s wrong with the current wave of financial de-regulation we’re witnessing.  It means more risk for everyday investors,... Read More
We couldn’t agree more with Fed Chairman Jay Powell’s view of the critical role of bank boards of directors (as stated in a speech last August when he was a Governor): “We need financial... Read More
First, this is not the priority of the American people, but it is why they think Washington is out-of-touch and corrupt.  Matt Yglesias has a must-read piece in Vox concisely detailing why the bill is... Read More
Wall Street’s allies in Washington, D.C. are looking to once again hand out a massive bailout to some of the biggest banks in the country. They want to loosen regulations, which by definition, will impact our current... Read More
We’ve been criticized for not being sufficiently one-sided since we opened the doors in 2010.  We have tried to be substantive, data-driven, fact-based and straight-shooters, calling them as we see them.... Read More
Stress tests have been one of the Federal Reserve Board’s most significant and indisputable successes since the 2008 financial crash and it must be extremely careful regarding any changes to ensure that its... Read More
The Clearing House (TCH), one of Wall Street’s most powerful lobbying organizations in Washington DC, criticized Better Markets for an argument it did not make, while ignoring the facts that supported the statements... Read More
As we said more than a year ago, Wells Fargo needed to take far-reaching, fundamental, concrete, unexpected and painful actions to fix the management, systems and controls failures that gave rise to their decade-long... Read More
President Trump appointed someone who hates the Consumer Financial Protection Bureau (CFPB) as its acting Director: Mick Mulvaney, who already has a very important full-time job as Director of the Office of Management and... Read More
Last week, CFPB Acting Director Mick Mulvaney issued a new mission statement to the CFPB staff outlining his vision for the agency. He began by cherry-picking a quote from the previous director, Richard Cordray, about... Read More
One of the most consequential events during the 2008 financial crisis was when the Reserve Primary Fund “broke the buck” right after Lehman Brothers collapsed into bankruptcy.  The result was a run on money... Read More
Presented in chronological order, here are the top stories from 2017: #1) NPR's Chris Arnold on DoL Rule: "Financial Industry Groups Fear Trump Will Block Investor Protection Rule" #2)... Read More
With the Dow and NASDAQ off to their best start of the year since 2006, there's no denying that most of the key indicators suggest good economic times are here and appear likely to continue, at least in the near term for... Read More
As the end of the year approaches, we are taking a look at the many gifts heaped on Wall Street and the financial services industry during the first year of the Trump administration contrary to Candidate Trump’s... Read More
Offering a blistering critique of the Trump administration’s deregulation frenzy and the potential consequences, last week Better Markets’ President and CEO participated in the Global Shareholder Activism... Read More
And, So it Begins…………….Trump’s Acting Consumer Protection Director Begins Immediately to Stop Protecting Ripped Off Americans and Helping Predatory Financial Companies: As... Read More
The complaints about financial reform that have been burning in deregulation devotees and lobbyists largely fall within one generalized rallying cry: “Banks are simply too burdened by excessive regulation to lend to... Read More
Unregulated, opaque and dangerous derivatives were at the core of causing and spreading the 2008 financial crash.  Not only were they packages of worthless financial products, but they also acted as a conveyor belt... Read More