Dec 18, 2020

How Robinhood makes its money

The popular app for trading stocks is in hot water, and will pay $65 million to settle SEC charges. Plus, another major antitrust lawsuit for Google. And, what to expect from the the Consumer Financial Protection Bureau under Biden.

Segments From this episode

Robinhood slapped with two separate regulatory complaints

by Justin Ho

Dec 18, 2020

Massachusetts regulators say the brokerage app Robinhood makes it too easy for inexperienced traders to buy risky options.

A number of lawmakers are calling for regulation of apps like Robinhood, including Rep. Ro Khanna. "Technology is not sufficient without proper regulations," he says.

Justin Sullivan/Getty Images

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Nearly 40 states sue Google over alleged search monopoly. It's the company's third antitrust lawsuit in less than two months.

Marketplace's Erika Beras reports.

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Financial watchdog expected to regain teeth under Biden

by Mitchell Hartman

Dec 18, 2020

Under President Trump, the Consumer Financial Protection Bureau relaxed rules on payday lending and debt collection.

Consumer advocates want to see the CFPB under Biden tighten rules on payday loans, bank fees and credit report errors.

Roberto Schmidt/AFP via Getty Images

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Music from the episode

No Cars Go Arcade Fire

The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Technical Director

Brian Allison Engineer

Meredith Garretson Producer

Erika Soderstrom Producer/Director

Rose Conlon Producer

Alex Schroeder Producer

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