Readers react to plans by Democratic presidential candidates to reform college tuition, credit unions buying more banks, whether the next president could fire the CFPB head and more.
Critical comments about Wall Street in the first debates signal an unfriendly political environment for banks. Here is a sample of leading candidates’ financial policy views.
Sen. Bernie Sanders lashed out at Jamie Dimon on Twitter after the chief executive officer of JPMorgan Chase criticized socialism during an appearance in Washington.
At a time when costs continue to soar and regulators weigh reforms for Fannie Mae and Freddie Mac, more than half of the Democratic presidential candidates have talked about housing on the campaign trail.
The legislation from Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez is part of an effort to shift the range of what is thinkable in Washington to the left. It may also serve to highlight the vulnerabilities of Democrats with bank-friendly records.
Democratic presidential candidate Bernie Sanders and Rep. Alexandria Ocasio-Cortez accused banks of acting as “modern-day loan sharks” and called on Congress to enact a federal limit of 15% on credit card interest rates.
The 2020 Democratic presidential candidates are far more emboldened to offer radical reforms to the financial system than their predecessors — reforms that could ultimately take hold if one of them wins.
