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Katya Schwenk is a journalist based in Phoenix, Arizona.
Federal regulators have introduced a ban on one of banks’ most blatant profit grabs: nonsufficient funds fees. Even though most don’t charge those fees now, financial institutions are fighting the rule to preserve their future right to.
A new rule from the Consumer Financial Protection Bureau is banning excessive credit card late fees. In retaliation, the greedy banking industry is threatening to punish debtors by increasing already exorbitant interest rates.
Saddled with legal burdens, Elon Musk’s rocket company, SpaceX, is relocating to Texas to seek refuge in the state’s new business court system — which is controlled by his longtime ally, Republican governor Greg Abbott.
The federal government has taken some steps to lower the prices of drugs developed with public funds. Venture capital firms that have profited off of these sky-high prices are pushing back hard.
Conservative business interests are backing arguments in a Supreme Court case that could open even long-finalized federal regulation to legal attacks, striking at safeguards that protect ordinary Americans.
Some states have taken on the cost of prison phone calls to keep private equity–backed telecom companies from price gouging inmates and their loved ones. Yet these companies have found new ways to exploit prisoners.
As the 2024 election heats up, an onslaught of political ads is being funded by dark money groups. Broadcast and tech lobbies are preventing the disclosure of the groups’ identities, leaving voters in the dark about the corporate interests behind these ads.
In the wake of two 737 Max crashes, Donald Trump’s administration made a deal with Boeing that allowed the company to avoid criminal prosecution. Now, if claims of airline safety issues are proven true, Joe Biden’s DOJ could rescind it.
A “critical” issue with a Boeing aircraft grounded Antony Blinken in Switzerland after his time at Davos. The irony: Blinken used to advise Boeing through his consulting firm, and his State Department has been very friendly to the company.
While serving on the board of Boeing in 2020, GOP presidential hopeful Nikki Haley opposed a transparency proposal designed to uncover whether the corporation had bought itself regulatory relief from federal safety officials.
Despite allegations of “excessive” defects ahead of the recent Boeing disaster, the company and its parts supplier, Spirit AeroSystems, used their deep pockets to lobby Washington to reduce safety regulations.
Weeks before the door plug blew out of an Alaska Airlines flight over Portland, Oregon, on January 5, grounding more than 150 Boeing aircraft, workers at the part’s reported manufacturer had been warning of safety concerns — but management ignored them.
For years, conservative billionaires have treated Supreme Court justice Clarence Thomas to opulent vacations and trips on their private jets. If these were anything other than disinterested gifts, then they’re taxable — and Thomas owes the IRS a huge bill.
ICE is considering a new program that could subject more than 5 million immigrants to intensive, intrusive surveillance. Private prison contractors hope to make big bucks off the program — and are spending millions to make sure it passes.