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Who’s protecting consumers from the Consumer Financial Protection Bureau?

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The many faces of Kevin Morris, Hunter Biden’s financial patron

“Who was the real me? Again, I was a person with many faces.” These words by author Milan Kundera could very well have been written to Kevin Morris, a key figure in the unraveling Hunter Biden scandal. Mr. Morris was unknown to most until he emerged as a Democratic donor who reportedly paid millions of […]

Why the Financial Stability Oversight Council needs congressional oversight

in November, the Financial Stability Oversight Council, a group of voting members that includes the Secretary of the Treasury, the heads of all federal financial regulators, and independent insurance experts, has revised its operating procedures. The changes will make it easier for the FSOC to designate nonbank financial companies as “systemically important,” making them subject […]

Chinese stock rout accelerates as foreign investors sell out – Financial Times

Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. The punitive sell-off in Chinese stocks has worsened in recent days as foreign investors who had bet on a rebound lost faith that a stimulus package from the Chinese government was on the horizon. The Hang Seng […]

Feds asked financial institutions to flag Bible purchases, terms like ‘MAGA,’ ‘TRUMP’ to identify ‘Extremists’: Report

A bombshell report by Congressman Jim Jordan, chairman of the Judiciary Committee and the Select Subcommittee on Federal Weaponization, shows that federal law enforcement agencies are forcing financial institutions to make innocuous purchases and By flagging certain search terms, it indicated they wanted to identify potential extremists. President Donald Trump after the incident at the […]

Global stocks drop as hopes fade for early interest rate cuts – Financial Times

Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Global stock and bond markets fell on Wednesday as investors dialed back hopes for swift interest rate cuts in the euro zone, Britain and the United States. The global selloff came after European Central Bank President Christine […]