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Jan 15, 2021

Pressuring banks on social change just got harder

A key regulator finalized a rule to prevent big banks from turning down loans to businesses, like gun-makers or oil drillers, solely because of perceived reputational risk. And, with more institutional investors looking into Bitcoin, is more regulation on the way?

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The rule prohibits large banks from refusing to lend to certain business sectors, after Republicans voiced frustration at what they saw as a reluctance by banks to finance gun-makers and energy firms.
Jim Watson/AFP via Getty Images

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Segments From This Episode

New Trump administration rule limits large banks’ ability to turn away business
by Andy Uhler
Jim Watson/AFP via Getty Images
Large banks can’t deny services to businesses, like gun-makers and oil drillers, just based on what they do.
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With Bitcoin’s popularity increasing, what new regulations will we see?
by David Brancaccio and Rose Conlon
Ozan Kose/AFP via Getty Images
Those looking to dip their toes into Bitcoin expect the same regulatory clarity and protections that come with traditional assets.
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Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director

Marketplace®

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Pressuring banks on social change just got harder

Subscribe:

Segments From This Episode

New Trump administration rule limits large banks’ ability to turn away business

With Bitcoin’s popularity increasing, what new regulations will we see?

Music from the episode

The Team