Is the end of regulatory extortion near?
Republican control of the House of Representatives means that CFPB could be sidelined for years, writes the Chairman of Whalen Global Advisors
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Republican control of the House of Representatives means that CFPB could be sidelined for years, writes the Chairman of Whalen Global Advisors
North Carolina Republican Patrick McHenry — who's in line to lead the House Financial Services Committee after the GOP won control of the chamber in the midterm elections — has called for the Fed to stay focused on controlling inflation. Democrats, who retained the Senate, have begun to voice concerns that higher borrowing costs will hurt jobs and potentially cause a recession.
Sen. Elizabeth Warren, D-Mass., has been raising the alarm bells about fraud on the bank-owned payments platform, but independently verifiable data that might inform policymaking is hard to come by.
Campaign rhetoric and industry political spending shows that private equity and investment firms have taken banks' place in the hot seat.
What can't be quantified is how much more oil would be available if Joe Biden hadn't gone to war with the oil companies by halting pipelines, promulgating