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The 1978 film Dawn of the Dead satirised the mindless consumerism of 1970s America, with survivors seeking refuge in a shopping mall from flesh-eating zombies who seemed bent on returning to this once focal point of US society. A modern day remake might not hit the mark.
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Buyers of UK assets are in for a hair raising ride if they attempt to make a quick quid off sterling rallies and depreciations despite what seems like a measured response to news of a general election on June 8. -
Capital markets seem content with UK Prime Minister Theresa May’s election confidence on the back of commanding poll data but investors be wary of shocks on polling day. A move meant to shore up May could instead lead to more uncertainty.
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A trio of Republican senators this month unveiled a proposal to bring Property Assessed Clean Energy (PACE) loans in line with other consumer debt products under the watch of the Consumer Financial Protection Bureau. Yet their rhetoric sends a conflicting message, in the context of the party's wider criticisms of the agency.
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It is obvious that there is no love lost among Republicans for the Consumer Financial Protection Bureau and its director, Richard Cordray. However, one GOP congressman’s recent tirade against the CFPB’s mortgage lending rules is worrying given the experience of the housing bust.
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Governments are often pilloried for privatisations, sometimes for years afterwards. It’s hard for them to win, with one of the biggest risks being taking the blame for underpricing the asset.
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As Navient braces itself ahead of a fight with the Consumer Financial Protection Bureau, it's arguing it's just an arm's length student loan servicer — while continuing to claim a more customer-friendly approach on its website.
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The spectacular failure by Republicans to pass healthcare reform plans through the House of Representatives makes meaningful financial reform less likely.
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Wall Street workers hoping for a regulatory sea change under president Donald Trump are going to have to adjust their expectations, as empty posts at all levels of government are set to hinder lasting reform.
