Only sustainable infrastructure - one that refuses to trade long-term sustainability for short-term gains - will bring about the transformative change we need.
An unfortunate side effect of the heated presidential campaign is that it sucks away important stories from the daily headlines. One example has to be the disgrace at Wells Fargo, one of America's largest banks. It's a mind-boggling scam with far reaching implications, yet it's received scant coverage in the general media.
Our Expanding Rent-to-Own Protections Act would ensure that rent-to-own customers receive the same level of protections that other consumers enjoy.
One issue is reverberating through every splinter of the GOP - the goal of repealing Dodd-Frank. This legislation is the centerpiece of the Obama Administration's banking regulations after the 2008 financial crisis, and dismantling it tops the GOP's to-do list.
Financial institutions can and should be a force for good. It's not enough for banks to only appear trustworthy or reliable. If major institutions want the hearts and minds of the public back, it's time for them to take broad, concrete steps to change the way they approach banking altogether.
This is not the American dream, but the American reality. A dream is what occurs in the mind of an individual, whereas reality is what everyone experiences physically and mentally.
Can financial technology help consumers overcome economic struggles? The answer to this question is buried within the constant friction between traditional financial institutions, fintech startups, regulators, and consumers.
Bernie says the banks are too powerful so we need to break them up and reinstitute Glass-Steagall, the depression era legislation that separates high-risk investment banking from staid commercial banking.
By Amanda Zeidan Saudi Arabia, the world's largest oil-exporter, is kick starting non-oil growth by opening to foreign invest...
Last week the Portuguese people learned that their former Ministry of Finance accepted a job at Arrow Global -- a leading global debt purchaser and ma...
The critics of the financial reform Dodd-Frank Act are fond of saying that it doesn't work -- some going so far as to say that the financial system is just as much at risk as it was in 2008, if not even more so.
Recently, the financial reform proposals of Bernie Sanders and Hillary Clinton have gotten a flurry of press. Will either of them make us safer? Are economic experts using their professional expertise to judge them or blowing political and philosophical smoke?
The Federal Housing Finance Agency and DOJ have obtained more than $36 billion in fines from 18 major financial institutions, including banks like JP Morgan and Bank of America. However, stunningly, not one individual has been indicted or charged civilly for the conduct that resulted in these massive fines.
Pragmatism can be a legitimate reason to compromise, to accept incremental progress that falls short of an unachievable ideal. It can also be a pretext to defeat achievable reforms without an honest debate.
The movie The Big Short tells a compelling version of the greatest economic tragedy to hit the country since the Great Depression -- the 2008 financial crash. It also may tell a nightmarish vision of the future.
"The first thing I would do is break up the banks so that they are much smaller and they could all fail."