For Banks, Data on Your Spending Habits Could be a Gold Mine

ANICK JESDANUN / The Associated Press Dec 2, 2019 They feel Americans have demonstrated that they value discounts more than intangible privacy concerns. Dig deeper ( 4 Min. Read )

In Spite of 2010 Law, Banks Still Make Billions on Overdraft Fees

Staff / Truthdig May 26, 2016 A 2010 law was supposed to relieve Americans of the onerous penalties, but thanks to aggressive marketing campaigns that persuade consumers to “opt in” for overdraft coverage, banks made nearly $14 billion on the "service" last year. Dig deeper ( 2 Min. Read )

Karl Marx Was Right

Chris Hedges / Truthdig Jun 1, 2015 The economist and philosopher foresaw that capitalism had built within it the seeds of its own destruction, that the greed of a tiny elite would eventually bring down the system. The final stages that he predicted are visible all around us now. Dig deeper ( 9 Min. Read )

A Whining Wall Street Banker Pleads for Pity

Staff / Truthdig Jan 31, 2015 J.P. Morgan was recently socked in the wallet by financial regulators who levied yet another multibillion-dollar fine against the Wall Street baron for massive illegalities. Dig deeper ( 3 Min. Read )

L.A. Sues America’s Biggest Bank Alleging Predatory Lending

Donald Kaufman / Truthdig Jun 3, 2014 On Friday, the city of Los Angeles filed a lawsuit against JPMorgan Chase accusing it of pushing minority borrowers to take on risky home loans that would ultimately cost the city at least $1.7 billion in lost revenue and maintenance. Dig deeper ( 1 Min. Read )

Torture ‘Was the Last Straw for Me,’ CIA Rebel Ray McGovern Says

Staff / Truthdig Mar 14, 2014 This week on Truthdig Radio in association with KPFK: Sen. Dianne Feinstein picks a fight with the CIA on spying and torture, Fukushima turns 3, how to protect yourself from private and government surveillance, and the handful of American families who have all the power. Dig deeper ( 1 Min. Read )

Bill Moyers Has a Problem With Obama’s SEC Nominee

Staff / Truthdig Mar 13, 2013 The broadcaster points out that President Obama, just like George W. Bush, is pushing his nominees through the revolving door between regulatory agencies and the banks they're supposed to oversee. Dig deeper ( 1 Min. Read )

Why the Senate Won’t Touch Jamie Dimon

By Ellen Brown, Web of Debt Jun 21, 2012 JPMorgan Chase is the biggest campaign donor to many of the members of the Senate Banking Committee who were charged with investigating the bank's CEO, Jamie Dimon, in mid June. Dig deeper ( 6 Min. Read )

Paul Volcker and His Rule

Staff / Truthdig May 16, 2012 JPMorgan Chase CEO Jamie Dimon may be less concerned with the actual $2 billion his bank lost than the credence it lends to calls for tougher regulation. Dig deeper ( 1 Min. Read )

‘Left, Right & Center’: Gay Marriage: State or Civil Right?

Staff / Truthdig May 12, 2012 President Obama says he thinks gay marriage should be legal, but isn't looking to legislate. JPMorgan Chase, the "best of the banks," loses a $2 billion bet and reignites the debate over bank regulation. The French election has austerity hawks worrying about a resocialized euro, and Indiana Sen. Richard Lugar's primary loss could usher in a new era of ideological warfare. Dig deeper ( 1 Min. Read )

Citigroup and 3 Other Banks Can’t Take the Stress

Staff / Truthdig Mar 14, 2012 Despite hefty bailouts and infinitesimal interest rates, Citi, Ally Financial, MetLife and SunTrust were not able to pass the latest round of stress tests designed and measured by the Federal Reserve. Dig deeper ( 1 Min. Read )

Time to Move Your Money

Staff / Truthdig Nov 5, 2011 Saturday is the day 80,000 people have pledged to punish "too big to fail" banks by moving their money to credit unions and local community institutions. How does it work? Will banks feel the hurt? How can it be done quickly and conveniently? Josh Harkinson at Mother Jones answers these questions and more. Dig deeper ( 2 Min. Read )