The Crowd Effect

The US's largest credit repair brands settled with the Consumer Financial Protection Bureau for $2.7 Billion for alleged illegal, deceptive and unethical practices harming our most financially vulnerable citizens.

Swiss bank UBS $1.4 Billion penalty ends the US government's crackdown on financial institutions role in the 2008 Global Financial Crisis. Discover why UBS was fined, what the final combined penalty tally is and how banks have responded.

The assets of 4 individuals have been frozen in connection with an alleged crypto con. Scammers are everywhere in the financial service industry, even at "legitimate" institutions. How can regular people invest in a way the fixes our broken financial system?

The SEC last week awarded their 4th largest payout ever with their whistleblower program. It sure does pay to work for an unethical financial company.

The SEC and the CFTC landed a one-two punch to 12 different financial institutions today totaling $549 Million in penalties. Why is the financial service industry far and away the most abusive unethical sector in our economy? What are some simple non-political steps we can all take to erode the wealth and power of the banking industry? Find out in this episode.

Why is the FDIC cracking down on a company that is shutting down for good and why issue a press release about it? Crypto is dying but it doesn't mean that decentralized finance has to. Discover another way to dilute the concentration of wealth through innovative market forces.

USASF Servicing sued by the Consumer Protection Financial Bureau illegally disabling cars, wrongfully repossessing vehicles, failing to refund entitled customers and double-billing borrowers. Just another day in the financial service industry.

The two largest credit card companies in the world no longer process credit card transactions for legal marijuana purchases. What will the cannabis industry do in response? I mean, after they get baked, what will the response be?

Heartland Bank failed on Friday, July 28th and the FDIC stepped in as the receiver. This is the 5th bank failure in 2023.

The Office of the Comptroller of the Currency hit American Express with a $15 million dollar fine for lack of oversight. In this episode we reveal the consequences of failure to oversee compliance procedures.

Hear the story of how the unethical behavior of one person triggered billions of dollars in loses around the globe. We reveal some simple steps erode the wealth and power of big banks and give that wealth and power to regular people.

Hear the story of a single mother being harassed by a bottom feeding lender threatening to reposes her washing machine. Lease-to-own financing company, Snap Finance sued by the Consumer Financial Protection Bureau last week for deceiving consumers, obscuring the terms of its financing agreements, and making false threats. Learn 3 simple steps to protect both yourself and others from the abuse of t...

Hear Angela's story of financial abuse at the hands of Snap Finance, some details of the lawsuit brought by the Consumer Financial Protection Bureau and how the entire financial service industry is the most abusive industry operating in the United States. Find out simple steps to take to protect yourself from the abuse of big banks and the rest of the abusers in the financial service industry.

When an individual steals your identity, opens up fake credit card accounts and then gets caught, that individual goes to jail. But when Bank of America does the same thing nobody goes to prison. Bank of America is not only too big to fail but apparently they're too big to jail! Learn simple steps to protect yourself from abusive financial institutions.

Planning on using credit card points for your next vacation? Better hope it's not a Bank of America credit card. In this episode we tell a tragic story of 2 girls' dashed Disneyland dreams, how BofA was fined $250 million by the Consumer Financial Protection Bureau on July 11, 2023 and the simple steps we can all take to deny Bank of America to profit off us.

The most penalized corporation doing business in the United States was penalized once again, this time for $250 million. Bringing their total penalties to over $87 Billion since the year 2000.

The 23 largest banks just passed the Federal Reserve's annual stress test. In this episode we break down what a stress test is and what it means to pass or fail. We also address the simple step we can all take to completely avoid financial collapse from occurring in the future.

The US Central Bank, The Fed, will be rolling out their new payment service FedNow next month allowing 24/7, 365 near instantaneous banking transfers. Discover how this seemingly dull but important event is generating conspiracy theories on social media.

A Bi-partisan sponsored bill to claw back executive compensation of failed banks easily passed in the Senate last week. What does it mean for taxpayers, for the banking industry? Will this do anything to prevent a future banking collapse? Find out the answers to all these questions and more on this episode.

Last week Chase Bank was fined $4 million by the SEC in violation of federal securities law. The fine is just another example of the ongoing track record of the US's largest bank and 2nd most penalized corporation in our country. In this episode find out what Chase's top 5 offenses are and what steps can us regular people can do to fix our broken financial system.

Last Friday the Federal Reserve made the master account list public. What is the Fed's master account list and why should anyone care? On this episode hear an easily to understand analogy that breaks it all down.

Chinese banks are very powerful. Four of the top 5 most profitable banks in the world are from China. What does this mean for the global economy? Also, The Peoples Bank of China cuts key lending benchmarks in an effort to boost its sagging economy from the aftershocks of the COVID-19 pandemic and the ongoing war in Ukraine. Hear the breakdown on this episode along with how we can all retake power...

What does mislabeling food packaging have anything to do with US Bank being fine for deceiving it's customers? The banking industry is the most penalized industry in the country and it appears that banks will keep its top spot for the foreseeable future. What can us regular people can do to fix our broken financial system? The answer will surely surprise you.

Open banking is a new and exciting technology that has the potential to revolutionize the financial services industry. U.S. regulators are about to set standards for open banking in the United States. Hear the story of the very first large buffet-style restaurant and how it helps relate what exactly open banking is.

Both hardcore progressives and conservatives will most likely despise me after hearing how public choice theory takes the debates surrounding abortion, gun control and drug to a grinding halt. In this provocative episode hear a compelling analogy to easily understand what public choice theory is and how it can reshape governments, our economy and our quality of life.