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April 27, 2023
CFPB To Tenants: We’ve Got Your Back
Biden’s best regulator takes aim at one of the biggest barriers to accessing rental housing.
April 19, 2023
Amid Reports of Block’s Alleged Criminality, How Does Board Member Larry Summers Manage His Multiple Corporate Engantlements?
It’s high time that members of the press who regularly turn to Summers for his views on the economy begin questioning him on how he is able to adequately perform his multiple advisory roles and moreover, why there is a pattern of illegality at firms he advises. Or they could simply toss him to the aether, and platform non-conflicted experts instead.
April 19, 2023
Biden's World Bank Nominee Oversaw An Anti-Competitive Price-Fixing Scandal
Mastercard has paid $3.2 billion since 2005 in fines and penalties for price-fixing, the fourth-highest total of any American company.
April 18, 2023
How A Herbert Hoover Policy Got Wrapped Up In SVB And A Fed Opening
One of the flashing-red warning signs about SVB’s bad balance sheet was the huge cash advances it was taking out of the FHLBank system.
April 14, 2023
DOJ IN THE NEWS: Mid-April Trends
This is the latest installment of a new biweekly blog series from RDP. Every two weeks, we call out ongoing trends in media coverage of the Justice Department’s focus and priorities, giving context from our past DOJ oversight work as needed, with an eye to the impact of DOJ capacity and resources, as well as alignment with the Biden administration’s professed goals.
April 10, 2023
The Larry Summers-Linked Fintech Firm That Bought A Bank
By doing so, Jiko became one of the, if not the, first fintech company to buy a national bank.
April 06, 2023
We Have Always Been Right About Jerome Powell
Despite years of our best advice, and indeed the better judgments of Sen. Elizabeth Warren and other progressives in Congress, government watchdogs like Americans for Financial Reform (AFR) and others, nearly one year ago President Joe Biden disappointed his responsibility to the public and to his own economic agenda by renominating Donald Trump’s hand picked head of the Fed: Jerome Powell. Biden bafflingly stuck by Powell despite his years of betraying labor unions, environmental groups and frontline communities, and the middle class. As a result, broad coalitions of folks concerned about the climate crisis, about the long term safety and stability of our financial system, about attacks on labor and the working class, about housing insecurity and the long term impacts of the pandemic, mobilized against Powell’s renomination because his storied track record of, well, making each of these things (and more!) worse.
March 24, 2023
DOJ IN THE NEWS: Mid-March Trends
This is the latest installment of a new biweekly blog series from RDP. Every two weeks, we call out ongoing trends in media coverage of the Justice Department’s focus and priorities, giving context from our past DOJ oversight work as needed, with an eye to the impact of DOJ capacity and resources, as well as alignment with the Biden administration’s professed goals.
March 23, 2023
Larry Summers-Linked Payments Company Accused of Criminality
Short-seller Hindenburg Research says the payments mogul Block has inflated user metrics, ignored widespread criminal transactions on its platforms, and evaded regulations.
March 17, 2023
Justice Department Revokes Trump-Era Support for Fossil Fuel Companies in State-Level Climate Cases
Just last week, I highlighted the enormous stakes of the Justice Department’s long-anticipated filing in a climate liability case brought by Boulder County, Colorado against fossil fuel companies Suncor Energy and ExxonMobil seeking damages for their campaign of corporate deception. […] Yesterday, the Justice Department finally offered its answer.
March 10, 2023
DOJ IN THE NEWS: Early March Trends
This is the latest installment of a new biweekly blog series from RDP. Every two weeks, we call out ongoing trends in media coverage of the Justice Department’s focus and priorities, giving context from our past DOJ oversight work as needed, with an eye to the impact of DOJ capacity and resources, as well as alignment with the Biden administration’s professed goals.
March 08, 2023
A Test For DOJ De-Trumpification: State-Level Climate Liability Cases
Over halfway through Biden’s term, Attorney General Merrick Garland is maintaining the Trump Justice Department’s position on an alarming number of legal cases. Our litigation tracker documents approximately 40 such cases across education, immigration, the environment, criminal justice, transparency, agriculture and other issues. It is by no means a comprehensive list.
March 08, 2023
Addressing OIRA’s Scope Creep:
President Biden Must, at a Minimum, Raise the Threshold for “Economic Significance”
What if a tiny government agency staffed by career economists wielding cost-benefit analysis as their primary tool were in charge of reviewing and modifying substantive regulations from most major federal agencies, despite their lack of subject-matter expertise on topics as varied as climate change, workplace health hazards, and automobile safety standards?