Tag Archives: banks

The Lege sure thinks a lot of companies need to be coddled

It’s kind of amazing, actually. Texas banned 10 financial firms from doing business with the state after Comptroller Glenn Hegar said Wednesday that they did not support the oil and gas industry. Hegar, a Republican running for reelection in November, … Continue reading

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Protecting those poor, discriminated against gun manufacturers

I have three things to say about this. Texas lawmakers, frustrated with what they viewed as liberal political activism from some of the titans of American industry, banned banks last year from doing business with Texas municipalities unless they could … Continue reading

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Bring back postal banking

I still like this idea. Postal unions and civil rights groups are among other advocacy organizations, along with the U.S. Postal Service inspector general, pushing USPS to expand into banking. Sen. Bernie Sanders (I-Vt.), a Democratic presidential hopeful, agrees. But … Continue reading

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More on the Postal Service as financial service provider

I still think it’s a good idea, and so do a lot of other people. The Postal Banking Consumer Survey [PDF] asked more than 1,600 consumers, many of whom do not have access to traditional banking services, whether or not … Continue reading

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Going where the payday lenders are

The most frequent defense I hear of payday lenders it that there’s a demand for the kind of short-term low-dollar loans that they provide that aren’t provided by other financial institutions, and even if they were those institutions don’t exist … Continue reading

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The CFPB is almost ready to roll out payday lending regulations

I can’t wait to see what they come up with. Whenever governments start thinking about cracking down on small-dollar, high-interest financial products like payday loans and check cashing services, a shrill cry goes up from the businesses that offer them: You’re … Continue reading

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Another way to squeeze the payday lenders

I wholeheartedly approve of this. The Postal Service (USPS) could spare the most economically vulnerable Americans from dealing with predatory financial companies under a proposal endorsed over the weekend by Sen. Elizabeth Warren (D-MA). “USPS could partner with banks to … Continue reading

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One thing Wal-Mart could be good for

They could wreak havoc on payday lenders. Raj Date says that with modern data analysis banks could offer payday loans on much less extortionate terms. Felix Salmon retorts that banks don’t actually want to do business with poor people unless … Continue reading

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