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Stock impact report

Powerless Against Financial Scams, The CFPB Scapegoats The Big Banks [Forbes]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Forbes
Urban Affairs Committee in the Dirksen Senate Office Building on Capitol Hill on December 15, 2022 in Washington, DC. Chopra delivered the CFPB's semi-annual report to Congress. (Photo by Chip Somodevilla/Getty Images) Getty Images Economist Gordon Tullock (1922-2014) once quipped that there was an easy way to create safer conditions on American roads: rather than install seatbelts and air bags, attach a rather sharp, driver-facing spear to the steering wheel of each automobile. Tullock's famous quip comes to mind as the Consumer Financial Protection Bureau (CFPB) continues in its ongoing efforts to abolish financial scams that its bureaucrats apparently lack the skills to rid society of on their own. As you're reading this, the owners of wildly popular digital payments system Zelle (including J.P. Morgan, Bank of America, and Wells Fargo) face a lawsuit from the CFPB. The suit alleges that the financial institutions employing Zelle have caused Americans to lose hundreds of mill Show less Read more
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