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Tag: Banks

How Silicon Valley Bank’s CEO Got Rich: A $209 Billion Disaster

Narrated by Second Thought Zachary D. Carter:  I think it's pretty clear, the regulated banks didn't fail. The deregulated bank just did. It is as…

Republican Bill Would Kick Consumer Advocate Off FDIC Board

By David Moore and Donald Shaw, Sludge Days before Silicon Valley Bank and Signature Bank were swiftly shut down by regulators and the Federal Deposit…

SVB Executives May Have Delayed Action for Maximum Bonus Payments, New Evidence Suggests

As the dust clears after the collapse of Silicon Valley Bank (SVB), things are starting to look more and more suspicious to even the most…

Republicans Waging War on CFPB Have Received Millions in Donations from Banking Industry

By Donald Shaw and David Moore, Sludge Weeks after the Consumer Financial Protection Bureau announced that it was planning to cap credit card late fees…

Wall Street Banks Huge Profits Off Surging Credit Card Debt

Major Wall Street banks are making billions from the Federal Reserve’s efforts to fight inflation, while American consumers are loading up on debt and falling…
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CFPB Signals It Will End Billions of Dollars in Credit Card Late Fees

U.S. bankers and interest groups are mobilizing to stop the Biden administration from overhauling how the industry approaches credit card late fees. The exact scope…