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NYT Bombshell: Trump CFPB Manipulated Research in Rush to Undo Payday Protections
Allied Progress calls on the Bureau to halt its plans to finalize the payday rule until Congress can conduct an investigation into these allegations.
Members Of Congress Ask For Inclusion Of Payday Lenders In SBA Paycheck Protection Program
If these members of Congress think payday lenders deserve a taxpayer bailout, perhaps they should go all the way and make sure the loan comes with a 400% interest rate, too.
What Pandemic? Trump CFPB Director Kraninger Readies Rules Enriching Trump’s Payday Lending Donors
Not even a pandemic and looming recession can keep Director Kraninger from empowering predatory lenders to rip off vulnerable consumers.
Beyond the Pale: Mnunchin’s Treasury Says Stimulus Checks Fair Game To Cover Consumer Debts
After a third of U.S. renters couldn’t make rent this month, the Treasury Department is pointing out opportunities for banks and debt collectors to steal Americans’ relief checks out from under them.
The Big Con: Hedge Fund Managers Masquerade as Small Businesses to Demand Bailout Money
Hedge fund managers don’t pay their fair share in taxes, cater exclusively to the wealthiest investors, and routinely engage in predatory financial practices that hurt Main Street.
Airline CEOs Suggest Salary Cuts a Shared Sacrifice with Unpaid Workers, Neglect to Mention It’s Only Fraction of Their Annual Compensation
Airline CEOs that want plaudits for taking a salary cut neglect to mention their salaries only make up a fraction of their annual compensation.
Where Is Eugene Scalia? Trump Labor Secretary Ignores Worker Struggles During COVID-19 Crisis
After a staggering ten million Americans joined the unemployment ranks in two weeks’ time, Trump Labor Secretary Eugene Scalia has been conspicuously absent from the national response.
Former CFPB Director Cordray Is Right: Kathy Kraninger Should Halt Unnecessary Rulemaking
Every minute the Trump CFPB wastes conducting its usual business doing favors for predatory lenders and greedy banks is critical time they’re not devoting to keeping consumers safe and secure as the economy races towards recession.
Trump CFPB’s Expected Payday Rule Would Validate Predatory Lending At Worst Possible Time
Director Kraninger should permanently abandon her proposal to kill a key protection against predatory lending, the ability-to-repay standard.
DeVos Education Department, Loan Servicers Giving Bad Information To Student Loan Borrowers On COVID19
DeVos and the Department of Education are actively giving out outdated or incorrect information to participants in the Public Service Loan Forgiveness (PSLF) Program.