Sign in

Brad Lipton

@bradlipton.bsky.social
445 followers 475 following 224 posts

Banks, consumer finance, and financial services more broadly, especially financialization, @rooseveltinst. Ex-CFPB (11+ years). Former semi-pro food blogger.

PostsRepliesMedia
Brad Lipton @bradlipton.bsky.social · 02/10/2026
Really nice piece on the SEC proposal, which I did a little thread about yesterday.
110
Brad Lipton @bradlipton.bsky.social · 01/10/2026
News dropped yesterday that the SEC is moving to make it easier for private equity investment funds to include retail investors, part of the admin’s broader quest to get more individuals into private equity (and to financialize our whole society!). 🧵
wsj.com
SEC Moves to Give Ordinary Investors More Access to Private Equity
The Wall Street regulator Wednesday proposed a slate of changes to open private markets to retail investors, a priority of the Trump administration.
131
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 01/10/2026
NYC is showing what local governments can do to make markets work better for people. Because working people know an unequal economy shows up not just in prices, but in the time and energy it costs. Read the analysis behind the numbers, from @bradlipton.bsky.social and Noa Rosinplotz:
rooseveltinstitute.org
Letter to New York City Department of Consumer and Worker Protection Regarding Proposed Click-to-Cancel Rule
The Roosevelt Institute is glad that the Department of Consumer and Worker Protection is considering adding rules to ensure that consumers can easily cancel subscriptions and are not subject to decept...
0105
Brad Lipton @bradlipton.bsky.social · 25/09/2026
Perhaps we are allowing betting on too many things?
bloomberg.com
Polymarket Wagers on Bank Failures Trigger FDIC Concerns
Polymarket bets on the likelihood that some of the biggest names in banking, including Wells Fargo & Co., JPMorgan Chase & Co. and Bank of America Corp., will fail are drawing scrutiny from of...
083
Brad Lipton @bradlipton.bsky.social · 24/09/2026
The key point is that this is why it matters whether prediction markets have to comply with state law.
rooseveltinstitute.org
How the Federal Rules for Prediction Markets Fall Short of State-Level Gambling Laws
Prediction markets increasingly resemble gambling but operate under far fewer protections. Brad Lipton explains what federal rules leave out and why state gambling laws offer a stronger baseline.
274
Brad Lipton @bradlipton.bsky.social · 22/09/2026
I put out a piece today comparing the rules that apply to traditional gambling with the federal rules for “swaps.” It did not occur to me to summarize state-level gambling rules on lending and credit! So quickly: 1/
151
Brad Lipton @bradlipton.bsky.social · 22/09/2026
What’s actually at stake in the legal fight between states and prediction markets platforms / the Trump admin, which many are predicting will go to SCOTUS? I hadn’t seen a good analysis of the difference in state laws governing traditional gambling and the federal regime, so I broke it down.
rooseveltinstitute.org
How the Federal Rules for Prediction Markets Fall Short of State-Level Gambling Laws
Prediction markets increasingly resemble gambling but operate under far fewer protections. Brad Lipton explains what federal rules leave out and why state gambling laws offer a stronger baseline.
030
Brad Lipton @bradlipton.bsky.social · 18/09/2026
Had a bunch of recent email interactions with corporate types where not only has AI clearly written their email, but the *person* involved thinks it is totally normal that they have no idea what the email *they sent* said (since the AI wrote it). How is this OK? Is it just me??
100
Brad Lipton @bradlipton.bsky.social · 17/09/2026
BlackRock says it wants your 401(k) to look more like a pension. Read the @wsj.com piece closely though, and, maybe this is actually all about extracting more money from people? PE for everyone, plus an annuity. Some thoughts, and a few places where Jack's piece takes Wall Street's word for it. 1/
wsj.com
Exclusive | BlackRock Plans to Make the Corporate 401(k) Look More Like a Pension
The investment manager aims to overhaul target-date funds with more options for employers.
143
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 03/09/2026
NYC’s new click-to-cancel rule takes effect October 1, making it easier for New Yorkers to end unwanted subscriptions. Our @bradlipton.bsky.social broke down what the new rule could mean for consumers in a new segment for @scrippsnews.bsky.social. Watch 📺⬇️ www.scrippsnews.com/life/money/n...
1137
Reposted by Brad Lipton
Shahrzad Shams @shahrzadshams.bsky.social · 01/09/2026
My colleagues @bradlipton.bsky.social & @todusola.bsky.social recently showed how these markets harm users & society at large. Now, I show how those harms are being institutionalized by major firms, lending gambling institutional legitimacy & accelerating the financialization of everything.
121
Brad Lipton @bradlipton.bsky.social · 04/08/2026
1/ My colleague @todusola.bsky.social and I did this piece on the real effects that prediction markets can have on people in our society who DO NOT use those markets, b/c the sheer range of bets available on those platforms gives people incentives to modify their behavior about all sorts of things.
rooseveltinstitute.org
How Prediction Markets Are Shaping Real-World Events and Eroding Public Trust
Prediction markets like Kalshi and Polymarket are rapidly expanding beyond sports betting into politics, news, and global events, raising concerns about insider trading, market manipulation, and their...
173
Brad Lipton @bradlipton.bsky.social · 02/08/2026
1/ When federal prosecutors dismiss a case, the motion is usually all of two sentences. In the Reflecting Pool case, Jeanine Pirro's office wrote 20 pages, with pictures, confessing the $14M renovation was "hasty and botched." Why? A thread on maybe the most unusual court filing of the year….
documentcloud.org
Justice Department motion to dismiss case against former Olympian David Hearn
The Justice Department is dropping the criminal case against former Olympian David Hearn that accused him of damaging the Lincoln Memorial Reflecting Pool, admitting that President Donald Trump’s $14 ...
110
Brad Lipton @bradlipton.bsky.social · 01/08/2026
This should be titled "US Attorney's office apparently most gullible people in the universe, believed 'vandalism' claims"
nytimes.com
Charges Dropped Against Ex-Olympian David Hearn Accused of Damaging Reflecting Pool
A former Olympian will not face trial after federal prosecutors acknowledged that the Trump administration’s claims of vandalism were false.
011
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 31/07/2026
One underappreciated consequence: Higher mortgage rates lock millions of middle- and working-class homeowners out of refinancing, leaving substantial savings on the table. @bradlipton.bsky.social shows just how much families stand to lose.
rooseveltinstitute.org
Unlocking the Significant Potential of Mortgage Refinancing for Working Families
Mortgage refinancing can save homeowners thousands annually—but low- and moderate-income borrowers face steep barriers. This report examines the inequities in refinancing participation and proposes st...
044
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 22/07/2026
Prediction markets are sold as a way to understand the future. But they also create a financial incentive for users to manipulate the very events they're meant to predict. The latest in our prediction markets series from @bradlipton.bsky.social and @todusola.bsky.social explores why that matters:
rooseveltinstitute.org
How Prediction Markets Are Shaping Real-World Events and Eroding Public Trust
Prediction markets like Kalshi and Polymarket are rapidly expanding beyond sports betting into politics, news, and global events, raising concerns about insider trading, market manipulation, and their...
11410
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 10/07/2026
Subscription traps are a billion-dollar business. Our @bradlipton.bsky.social and Noa Rosinplotz estimate New York City's click-to-cancel rule could save New Yorkers up to $162.5 million each year, while making it easier to stop paying for services they no longer want.
rooseveltinstitute.org
Letter to New York City Department of Consumer and Worker Protection Regarding Proposed Click-to-Cancel Rule
The Roosevelt Institute is glad that the Department of Consumer and Worker Protection is considering adding rules to ensure that consumers can easily cancel subscriptions and are not subject to decept...
173
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 08/07/2026
Prediction markets may look like a level playing field, but the data tells a vastly different story. Thanks to @moreperfectunion.bsky.social for featuring our research, courtesy of @bradlipton.bsky.social and @todusola.bsky.social! Watch below 📹⬇️
11012
Brad Lipton @bradlipton.bsky.social · 07/07/2026
1/ SpaceX's president says she's donating her SpaceX "shares" to Trump Accounts. That's a head scratcher, because the law doesn't allow Trump Accounts to hold shares of individual companies. And it points to a bigger problem: the Trump admin is all over the map on this…
100
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 07/07/2026
NEW: Prediction markets promise people a chance to profit by betting against each other. But our first-of-its-kind analysis suggests something different. @bradlipton.bsky.social and @todusola.bsky.social find that ordinary Kalshi users have lost a whopping estimated $583.5 million since 2021.
rooseveltinstitute.org
Since Kalshi's Launch, Ordinary Users Have Lost Half a Billion Dollars
Prediction markets claim to outperform traditional gambling by matching users against each other instead of a house. However, most participants end up competing against professional traders, and evide...
21813
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 06/07/2026
The CFPB was created by Congress to hold powerful financial institutions accountable and protect consumers from financial abuse. Whether it continues to fulfill that mission under new leadership has come into serious doubt, argues our @bradlipton.bsky.social:
“It remains to be seen whether [Johnson] intends to enforce the law or will just continue with the Trump administration’s unlawful efforts to shut down an agency created by Congress,” said Brad Lipton of the progressive Roosevelt Institute, formerly a staff attorney and adviser at the CFPB.

“Hope springs eternal that maybe the new leadership will take the job seriously again, but the evidence is not looking good,” said Lipton.
176
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 22/06/2026
More than 4.2 million homeowners—including 1.1 million low- & moderate-income borrowers—could benefit when interest rates fall to 6%. The catch: lenders prioritize higher-income applicants b/c it's easier. @bradlipton.bsky.social tells Realtor.com that may be illegal: www.realtor.com/news/trends/...
165
Brad Lipton @bradlipton.bsky.social · 16/06/2026
Mortgage refinancing has the potential to put thousands of dollars *every year* in the hands of middle class families if interest rates eventually fall -- more than many government programs. The Trump admin’s reckless actions have put this option increasingly out of reach. But when it...
rooseveltinstitute.org
Unlocking the Significant Potential of Mortgage Refinancing for Working Families
Mortgage refinancing can save homeowners thousands annually—but low- and moderate-income borrowers face steep barriers. This report examines the inequities in refinancing participation and proposes st...
142
Brad Lipton @bradlipton.bsky.social · 15/06/2026
What do $10,000 Knicks tickets, Hershey’s taking the chocolate out of the Goodbar, and Buy Now Pay Later loans have in common? The Financialization of Everything. With thanks to @kirenitynow.bsky.social for my first foray into fancy video content.
011
Brad Lipton @bradlipton.bsky.social · 08/06/2026
1/ If you've heard that the Department of Labor is proposing to allow crypto and private equity/credit into 401(k)s, you haven't heard the whole story. The media is being misled -- it's much worse than that!
22716
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 02/06/2026
We’ve spent decades told that if the economy grows, people’s lives will get better. Millions are working harder, paying more, and losing faith that institutions can deliver. Imagine an economy and democracy that actually make life better. That’s why today, we’re launching The #GoodLife Agenda. 🧵
624786
Brad Lipton @bradlipton.bsky.social · 12/05/2026
1/ USA Today says the “Trump phone” may be coming soon but also maybe not coming soon. This saga is lolz. I’m still waiting for the Trump FTC to announce its investigation! Don’t worry not holding my breath. Here’s the debacle for anyone not terminally online. Vibes=QVC meets constitutional crisis.
usatoday.com
What's the latest on the Trump phone? What we know
To order the Trump phone, customers must join a waitlist on the website and pay a $100 refundable deposit.
100
Brad Lipton @bradlipton.bsky.social · 11/05/2026
1/ “Crypto market structure” is an aggressively boring phrase for something that could matter a lot: whether crypto gets regulated like other investments, or gets a special loophole big enough to drive a financial crisis through. I wrote about this last year.
rooseveltinstitute.org
Comparing Oranges to Onions: What Is Crypto “Market Structure,” and Why Is It Important? - Roosevelt Institute
Congress is currently considering the second bill of its planned three-part trilogy on cryptocurrency. The first was the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, w...
151
Brad Lipton @bradlipton.bsky.social · 08/05/2026
1/ Bowling may sound like something from a different decade, and in some ways it is. But as more of us think about disconnecting from our phones, maybe it’s time to bring some things back. Wait, guess what has screwed that up? Financialization!
120
Brad Lipton @bradlipton.bsky.social · 07/05/2026
Had a weird craving for savory breakfast so tried out the new Boulangerie Saint George in DC
000
Brad Lipton @bradlipton.bsky.social · 05/05/2026
This op-ed by Krysten Sinema (remember her?) proposing to make CFPB a bipartisan commission is one of the weirdest things I've seen in a while, given that SCOTUS is about to get rid of (most) bipartisan commissions. What planet is she living on? The same one as before, I guess. tinyurl.com/bdfsaxty
washingtonreporter.news
COLUMN: Sen. Kyrsten Sinema: End the CFPB's political football by creating a bipartisan commission | Washington Reporter
110
Brad Lipton @bradlipton.bsky.social · 05/05/2026
The song that never ends. Banking trades stomp their feet about the current crypto "compromise"---"the proposed language falls short of that goal." H./T @tbakerbroadmoor.bsky.social www.icba.org/w/banking-tr...
icba.org
Banking Trades Statement on Crypto Market Structure Yield Language
Washington, D.C. (May 4, 2026) — Following the release of proposed language on stablecoin yield in the Clarity Act, the American Bankers Association, Bank Policy Institute, Consumer Bankers Associatio...
000
Reposted by Brad Lipton
Sam Bagenstos @sbagen.bsky.social · 05/05/2026
When @jonathanbernstein.bsky.social — very much not a bomb-thrower — is saying this, you know it’s serious. open.substack.com/pub/goodpoli...
open.substack.com
Court-Packing for Democracy
If Democrats win, the Court has given them little choice.
37825
Brad Lipton @bradlipton.bsky.social · 30/04/2026
Finally made it to Eebee’s for what is arguably DC’s best burger.
120
Brad Lipton @bradlipton.bsky.social · 29/04/2026
FINANCIALIZATION (the only great dim sum place in DC proper closing to make way for a bank) dc.eater.com/dc-restauran...
dc.eater.com
One of the Region’s Best Chinese Restaurants — And More D.C.-Area Closures to Know
Tracking all of D.C.’s shuttered restaurants this month
020
Brad Lipton @bradlipton.bsky.social · 29/04/2026
One of the most striking things about these wacky quotes is the way they give Trump chance after chance after chance and dismiss Harris based on innuendo. If you want to see what racism and sexism looks like in 2026....
021
Reposted by Brad Lipton
Roosevelt Institute @rooseveltinstitute.org · 28/04/2026
The amount of money invested in private credit has tripled since 2015, yet remains poorly understood. This $1.3T sector is making headlines and our experts, @elizabethwilkins.bsky.social, @grahamsteele.bsky.social, and @bradlipton.bsky.social, unearth the risks brewing: bit.ly/4tJkuic
Bar chart showing the growth of global assets under management in private credit from 2015 to 2025, with amounts in billions of dollars. The chart reveals a steady increase, peaking in 2025. The Roosevelt Institute logo is at the bottom left. Data source: Preqin, 2025 Annual Global Private Debt Report.
077
Brad Lipton @bradlipton.bsky.social · 22/04/2026
I started by asking "What is financialization?" And then I started to see it everywhere. My latest for @rooseveltinstitute.org. This will be the subject of future work! rooseveltinstitute.org/blog/what-is...
rooseveltinstitute.org
What Is “Financialization” and What Is It Doing to Our Country?
Financialization began as a trend involving Wall Street, moved to Main Street and nonfinancial businesses, and is now increasingly present in Americans’ everyday lives.
041
Brad Lipton @bradlipton.bsky.social · 20/04/2026
This from Roberts is all you need to know about him: "I recognize that the posture of this stay request is not typical, but review is sought of what has been described as the most expensive regulation ever imposed on the power sector--net costs have been estimated to run as high as ~480 billion."
000
Brad Lipton @bradlipton.bsky.social · 20/04/2026
This column by @stevevladeck.bsky.social is worth reading in full. What we are seeing from the Supreme Court shadow docket now has its roots in rulings against Pres. Obama which truly were unprecedented and led by CJ Roberts, whose reputation should take a hit for sending the Court down this path.
001
Brad Lipton @bradlipton.bsky.social · 15/04/2026
1/ I keep reading that the Trump administration is focusing on affordability. So why are his financial regulators trying to drive up costs? Exhibit A: Comptroller Jonathan Gould is running around the country trying to overturn state affordability laws! 🧵 @reporterev.bsky.social
news.bloomberglaw.com
US Moves to Block Illinois Swipe Fee Law During Banks’ Appeal
The Trump administration is moving to shield national banks from an Illinois law limiting “swipe fees” on retail taxes and tips, even as a federal appeals court reviews banks’ challenge to the law.
100
Reposted by Brad Lipton
Jeremy Kress @jeremykress.bsky.social · 15/04/2026
Instead of “quietly asking,” Treasury could demand standardized, usable and comparable financial data from private credit firms. But that would require a functional Office of Financial Research, which Bessent has gutted.
142
Brad Lipton @bradlipton.bsky.social · 03/04/2026
Apparently the Caesar wrap at Ted’s Bulletin is going viral. Pretty good! And the homemade tots were really good.
000
Brad Lipton @bradlipton.bsky.social · 01/04/2026
One thing that jumps out from CFPB's latest court filing: they are NOT serious about enforcing the law or examining for compliance by financial institutions. Drastic cuts to CFPB enforcement & supervision (254 to 50; 523 to 77). Reupping this 🧵 on why that matters. www.nytimes.com/2026/04/01/u...
nytimes.com
Trump Administration Scales Back Plan to Dismantle Consumer Protection Bureau
020
Brad Lipton @bradlipton.bsky.social · 31/03/2026
1/ An alliance between Trump and the crypto industry means that people will soon be able to use crypto instead of cash for mortgage down payments. This threatens to inject a *lot* of volatility into the housing market. And just remember who is on the hook for that…🧵 www.coinbase.com/blog/coinbas...
coinbase.com
Coinbase Powers the First Crypto-Backed, Conforming Mortgages by Better
Coinbase is working with Better to make crypto-backed mortgages a reality for millions of Americans. This first-of-its-kind mortgage product, offered by Better and powered by Coinbase, expands access ...
172
Reposted by Brad Lipton
Ann M. Lipton @annmlipton.bsky.social · 30/03/2026
for anyone who needs it, good primer on why this is a terrible idea papers.ssrn.com/sol3/papers....
papers.ssrn.com
Private Equity for All: The Paradoxical Push to Democratize Private Markets
Efforts to open private equity and other private assets to retail investors—including now through 401(k) plans—are often framed as a long-overdue democratizatio
2177
Brad Lipton @bradlipton.bsky.social · 30/03/2026
Market Lunch @easternmarketdc
000
Reposted by Brad Lipton
Charlie Warzel @cwarzel.bsky.social · 26/03/2026
lotta conversations like this one (via @bradlipton.bsky.social )
All of the major players in this investment ecosystem are vulnerable. Private-equity firms are being squeezed on both ends by generative AI: During the coronavirus pandemic, they bought up software companies, which are now plummeting in value because AI is expected to eat their lunch. Meanwhile, private equity’s new investment strategy, data centers, is also falling apart because of AI. Blackstone, Blue Owl, and the like are sinking huge sums into data-center construction with the assumption that lease payments from tech companies will pay for their debt. In order to pay for their investments, private-equity companies raised money from major financial institutions—but now the viability of those lease payments is coming into question as the hyperscalers’ cash flow is strained. “There’s a reason to think we’re seeing some of the same 2008 dynamics now,” Brad Lipton, a former senior adviser at the Consumer Financial Protection Bureau and now the director of corporate power and financial regulation at the Roosevelt Institute, told us. “Everyone’s getting tied up together. Banks are lending money to private credit, which in turn lends it elsewhere. That amps up the risk.”
823045
Reposted by Brad Lipton
Elizabeth Wilkins @elizabethwwilkins.bsky.social · 25/03/2026
In a moment where it’s so clear that so much is broken, we have to get down to the studs on what our public institutions and policy are for. That’s true for taxes. This is a shared social project to fund our public goods, create broad social insurance, and rebalance power in our economy.
22917
Reposted by Brad Lipton
Todd Tucker @toddntucker.com · 24/03/2026
NEW from me and @joeldodge07.bsky.social for @rooseveltinstitute.org / Vanderbilt Policy Accelerator: Trump is using the Defense Production Act to promote fossil fuel of a major donor. We show how it could instead be used to promote clean energy Abundance. rooseveltinstitute.org/publications...
rooseveltinstitute.org
Trump Wields Defense Production Act to Promote Fossil Fuels. It Could Instead Be Used to Promote All-of-the-Above Energy Abundance.
Reasonable people might think the DPA is no longer serving its purpose and should be abandoned. We argue this would be a short-sighted mistake, given the likely severity of the crises the US will soon...
1128