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Tag: Economy/Finance
A libertarian complaint at national conservative conference
As the Conservative Political Action Conference chugs on in Washington, Wes Benedict, executive director of the Libertarian Party, issued this statement reminding the world...
Hudak seeks way to pay for youth prisoner education
DENVER-- Colorado state Senator Evie Hudak, D-Westminster, is weighing strategies to secure passage of a bill she's sponsoring that seeks to ensure youth prisoners charged as adults receive education. Lawmakers have signaled that any bill that requires new spending will likely fail this session. There are currently more than 130 young prisoners in Colorado awaiting trial whose constitutional rights to an education are not being met.
Plan for a Consumer Financial Protection Agency falters in Senate
WASHINGTON-- The White House wants it. Senate leaders support it. The House has already passed it. And, in the wake of the worst financial upheaval since the Great Depression, many consumer groups and state regulators say it’s vital if the country is to avoid another economic collapse. Yet the proposal to create a new consumer financial protection agency is, for all practical purposes, dead on arrival in the Senate. Just call it the public option of the finance reform debate.
Your bailout money paid for lobbying campaigns designed to screw you
The top eight spenders in the financial industry spent nearly $30 million to lobby Capitol Hill last year, according to Nathaniel Popper of the...
McCann puts teeth back into health insurance maternity bill
A House bill that would require health insurers in Colorado to provide at least one policy that covers maternity care is being amended to...
Payday lenders flout new laws across the country
WASHINGTON-- As states from New Mexico to Illinois passed payday loan reform laws over the past few years, the movement to curb customer-gouging short-term high-interest loans seemed to be gaining steam and growing teeth. Ohio and Arizona voters even took to the polls to approve rate caps on payday lenders, regardless of threats that the industry would fold if it had to reduce rates from as high as 400 percent to 36 percent or less.
Congressional Democrats scramble for a Plan B
WASHINGTON-- It was meant to be a populist legislative victory that would usher Democrats straight through the 2010 midterm elections: a sweeping health care reform bill offering affordable coverage to tens of millions of uninsured Americans, while preventing insurance companies from denying coverage based on pre-existing conditions.
Then came Massachusetts.
Growing evidence suggests Wells Fargo targeted blacks for subprime loans
Memphis city officials have filed a lawsuit charging mortgage-loan giant Wells Fargo with discrimination. The New York Times reports:
The lawsuit, filed in federal court...
Deck the halls with loan papers: Foreclosure-crisis holiday jingles
Just in time for your holiday listening pleasure, two songs are making their way around the blogosphere, marking another year of falling home prices...
DC Scorecard: Bank lobbyists win again, with help from Dem friends
Bloomberg takes a hard look at the lobbying fight over financial regulatory overhaul and concludes that despite last week’s passage of a financial regulatory...