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News From the Control Tower - 11/24/2021 Thumbnail

News From the Control Tower - 11/24/2021

Interesting Articles this week

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       Lael Brainard’s stance on bank regulation sets up early test for Federal Reserve

Democratic policymaker has diverged from Jay Powell on issues including rules for Wall Street

2.       $3.5 billion worth of cryptocurrencies seized by IRS CI in fiscal 2021

IRS Criminal Investigation (CI) agents spent most of their investigative man-hours, about 72 percent, investigating tax-related crimes like tax evasion and tax fraud during fiscal year 2021, according to the group's annual report released Nov. 14.

3.       Wall Street sees first Fed climate change review in 2023

In a recent interview with Reuters, JPMorgan CEO Jamie Dimon said he believed climate scrutiny from the Fed was "unavoidable" and would eventually lead to additional capital requirements.

4.       Many Americans Are Overpaying for Their Car Loans

Consumers with good credit are being put in subprime loans, a CR investigation found, and many are paying more than they can afford, putting them at risk of default

5.        ‘Buy the Constitution’ Aftermath: Everyone Very Mad, Confused, Losing Lots of Money, Fighting, Crying, Etc.

Constitution DAO tried to buy the Constitution. Now it has a $40 million mess on its hands and entire refunds are being wiped out by high fees.

Bonus: Asteroid Close Calls