Republicans have been opposed to the CFPB since it was created.
Republicans are hoping to eliminate or at least defang the only federal agency tasked solely with protecting consumers from financial abuses. What would we miss if they succeed?
Janet Yellen says another financial crisis is unlikely in our lifetimes.
AAP/ Jim Lo
Why does the Chair of the Federal Reserve believe there won't be another financial crisis in our lifetimes?
Traders react with dismay after stocks plunged in September 2008 following the collapse of Lehman Brothers.
Instead, we need to burn the entire system of financial regulation to the ground and replace it with something that supports investing the way it's done today.
The Chinese government is doing its best to stop China's bad loan problem from blowing up.
Before the financial crisis struck, you could breathe the overwhelming air of prosperity on the bustling streets of Trikala.
Pro-Trump supporters in Manhattan. The new US president appeals to many Americans marginalised by globalisation.
The world needs an alternative system, measuring economic value in face of the dissatisfaction that brought Donald Trump to the White House.
Leaders of the BRICS bloc of states in Goa, India where they hatched the plan to launch a new credit rating agency.
The BRICS bloc of states have resolved to establish an alternative credit rating agency to counter western dominance in the financial markets. Will it work?
Growth accelerations in African countries have been short-lived. That might be about to change.
The risk following recently ended economic booms in Africa is that, due to insufficient planning and excessive optimism, the windfalls were wasted. But there are signs that Africa may be changing.
Rock and roll.
George Kerevan, Stephen Boyd and Katherine Trebeck see a world where employees are treated like just-in-time inventory.
From the cover of JG Ballard’s ‘Concrete Island’.
A number of novels provide links between risk-assessment, financial speculation, and terrorism. But simultaneously, real life terror in 2016 renders writing about it completely and utterly pointless.
Some low income families as part of the study reported not having enough money to feed themselves as well as their children.
New research shows the harsh realities of getting by on a low income and highlights how help for those doing it tough needs to change.
Dancing with the Balinese dragon.
Despite worries about a new Asian Financial Crisis, much has changed since the last one in 1997. Even if a crisis were to materialise, it would look quite different from that of two decades ago.
Troubled towers: the HQ in Frankfurt.
If Berlin doesn't apply divisive rules that inflict pain on savers, expect cries of double standards from southern Europe.
Is the rise of big data and the use of algorithms by businesses to blame for modern society's ills?
Deutsche Bank may have the assets to outweigh its liabilities but this won't save it from a run on its stocks.
The U.S. could do with a shot in the arm too.
Bear syringe via www.shutterstock.com
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
The world changed dramatically after the 2008 financial crisis and central banks are adjusting.
The 2008 financial crisis exposed major gaps in central banks' operations. New features like quantitative easing have since emerged.
Lehman’s collapse set off current debate over when a bank is too big to fail.
Regulators trying to keep taxpayers from having to foot the bill for the next wave of bank bailouts are placing too much on emphasis on size and missing the 'bigger' picture.
She certainly thinks so.
Puerto Rico parade via www.shutterstock.com
Congress just passed a bailout for Puerto Rico – in the nick of time – yet it's not enough to solve the island's biggest challenge: returning to growth.
There is good reason to fear Brexit, but voting to stay in the EU is also a chance to restore the vision of the founding fathers.