Banking Scams Just Got a Lot Easier

Be extra vigilant! Because banks and other financial institutions just got a lot more freedom to scam their customers. Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC® Directors: Katie Graham & Andrew Matthews Written by: Taylor Behnke Executive Producer: Amanda Fox Produced by: Katie Graham Edited & Animated by: Dano Johnson Fact checker: Yvonne McGreevy Executive in Charge for PBS: Maribel Lopez Director of Programming for PBS: Gabrielle Ewing Assistant Director of Programming for PBS: John Campbell Images by: Shutterstock Music by: APM Two Cents is a production of Spotzen for PBS Digital Studios sources: https://www.bloomberg.com/opinion/articles/2025-01-15/capital-one-high-yield-account-wasn-t? https://www.nytimes.com/2025/02/02/upshot/capital-one-savings-interest.html https://www.law.nyu.edu/news/ideas/michael-ohlrogge-great-recession-foreclosures https://www.bls.gov/opub/mlr/2018/article/great-recession-great-recovery.htm https://www.consumerfinance.gov/data-research/research-reports/building-the-cfpb/ https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-operator-of-cash-app-to-pay-175-million-and-fix-its-failures-on-fraud/ https://www.wired.com/story/dozens-of-cfpb-workers-terminated-in-after-hours-firing-blitz/ https://x.com/elonmusk/status/1887979940269666769?lang=en https://www.nytimes.com/2016/10/12/business/dealbook/consumer-financial-protection-bureau-court-ruling-unconstitutional.html?_r=1 https://casetext.com/case/seila-law-llc-v-consumer-financial-protection-bureau https://www.ncsl.org/state-legislatures-news/details/supreme-court-affirms-constitutionality-of-cfpb-funding https://www.brennancenter.org/our-work/analysis-opinion/who-benefits-trumps-move-shut-down-consumer-financial-protection-bureau?ref=organizingmythoughts.org https://www.reuters.com/world/us/financial-firms-hated-us-consumer-watchdog-rapid-unraveling-creates-limbo-2025-02-13/ https://www.consumerfinance.gov/data-research/consumer-complaints/