Tag: financialregulation

US Politics

Defending the Guardians: The Critical Battle to Protect Consumer Financial Rights

Democratic attorneys general from 21 states and Washington D.C. are suing the Trump administration for attempting to defund the Consumer Financial Protection Bureau, an agency that has returned over $21 billion to 205 million Americans. This brazen attack on consumer protections represents a dangerous assault on financial security and democratic institutions that safeguard ordinary citizens from corporate exploitation.

Geopolitics

The Great Atlantic Pivot: How the West is Rewriting Global Financial Rules for Itself

The post-2008 global regulatory framework, particularly Basel III, is undergoing a significant reassessment by Western powers like the US, UK, and EU, who are prioritizing domestic growth and competitiveness through a process they call 'modernization'. This self-serving pivot by the Atlantic powers exposes the hypocrisy of an 'international rules-based order' they championed, now being unilaterally rewritten to benefit their own financial systems while the Global South is expected to remain compliant with standards designed to constrain our development.