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ICYMI: Politico: GOP ‘step up their [banking] deregulation efforts’
Washington D.C. — In response to Politico’s reporting that Congressional Republicans are “hounding President Donald Trump’s appointees to step up their [banking] deregulation efforts ,” Allied Progress spokesman Jeremy Funk issued the following statement: “More and more Congressional Republicans are openly crying mercy for the big banks. They say it’s time regulators forgive and forget…
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CFPB Official Admits Trump Payday Proposal Not Based On “Any New Research”
WASHINGTON, D.C. — In response to Congressional testimony from Thomas Pahl — a CFPB policy associate director for research, markets and regulations — that “We did not do any new research” before the Trump administration proposed scrapping protections from the payday loan debt trap, Allied Progress spokesman Jeremy Funk issued the following statement: “In the same breath…
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Allied Progress statement on House GOP calls on federal regulators to ease rules on Big Banks
WASHINGTON, D.C. (May 15th, 2019) — In response to reports that “House Republicans are calling on the Federal Reserve, FDIC and other financial regulatory agencies to pick up the pace of bank deregulation that’s underway and do more to ease rules for the largest lenders”, Allied Progress spokesman Jeremy Funk issued the following statement: “Just…
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Allied Progress statement on departure of top CFPB aide Eric Blankenstein who was behind numerous racist and sexist blog posts
WASHINGTON, D.C. (May 15th, 2019) — Reaction from Allied Progress spokesman Jeremy Funk: “What took so long? For over five months, Director Kraninger tolerated the racist views of a top aide that had no business overseeing lending discrimination matters on behalf of America’s consumers. She should have fired Mr. Blankenstein on her first day, but instead…
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Payday Industry’s ‘Fake’ CFPB Comments Criticized at Congressional Hearing, Adds Pressure on Kathy Kraninger to Restore Integrity to Tainted Payday Rulemaking Process
Allied Progress’ public comment to the CFPB details thousands of suspiciously identical pro-payday ‘personal’ stories submitted.
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Education Department Hand-Wringing About “Data Privacy” An Attempt To Distract From Real Problem: They Don’t Know How To Do Their Job
The record shows that Betsy DeVos and her department have been incapable of supervising student loan servicers.
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Tainted Process: CFPB Flooded with Thousands of Suspicious, Copycat Pro-Payday Loan Comments Backing Trump’s Proposal to Kill Protections From Predatory Industry Practices
Allied Progress examined public comments submitted concerning the Trump-CFPB’s effort to kill a key protection against the payday loan debt trap and found that more than 7,000 pro-payday comments used suspiciously duplicative language, amounting to over 27 percent of the total comments.
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Stephen Moore Withdraws From Fed Consideration But Will Keep Advising Trump Despite Shameful Views
Trump assures us that despite his pick to the lead the Federal Reserve, (former) TV pundit and certified racist Stephen Moore, has withdrawn from consideration, he will still be advising the president on economic policy.
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Payday Industry Put Under Microscope at Congressional Hearing and Yep … They’re Still Terrible
It is clear: consumer protections from the payday loan industry are needed now more than ever before.
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Does Senator Sasse Still Think Trump’s Extreme Fed Board Pick Is a “Sunny Optimist and a Thoughtful Economist”?
Will Sen. Sasse rubber-stamp Stephen Moore despite his history of urging kids to burn their Social Security Cards and degrading women?