Latest News
Showing the Latest
-
Trump on Student Debt Crisis: “We don’t have a plan”
That says it all about what a bottom-barrel priority the student debt crisis has been to the President.
-
FDIC Chair McWilliams Should Answer Why She Endorsed Rent-a-Bank Scheme
McWilliams advanced a proposal to allow predatory lenders to sidestep state interest rate caps by funneling loans through chartered banks — a scheme known as “Rent-a-Bank.”
-
DeVos on Student Loan Woes: I Won’t Fix It, So You Deal With It
The Secretary thinks she can wipe her hands clean of responsibility and pass the buck to Congress to fix the problems she’s only made worse.
-
Trump CFPB Director Kraninger to audience of bankers: “You are really helping drive the agenda”
Kraninger finally admitted that she and Donald Trump are letting the financial services industry drive the agenda at CFPB, ahead of the concerns of ordinary consumers.
-
Education Secretary DeVos’ “Closed to Press” Meeting With Student Loan Servicers a Cop Out
It’s going to take a lot more than a closed-door meeting to make up for the Trump Administration’s record of allowing the student loan industrial complex to systematically mistreat and cheat borrowers, free of any consequence.
-
Payday Industry Lobbyist’s Close Relationship with Mulvaney Raises Questions of Improper Influence in CFPB’s Payday Rulemaking
CFPB Director Kathy Kraninger is called upon to publicly divulge the full extent of the influence Al Simpson, a top payday industry lobbyist and former chief-of-staff to then-Congressman Mick Mulvaney, has had over the Bureau’s payday rulemaking process.
-
Trump CFPB Director Kathy Kraninger Just Voted to Let Predatory Lenders Violate State Interest Rate Caps
Kraninger, as a member of the FDIC Board, voted on Tuesday in favor of a proposal to allow predatory lenders to sidestep state interest rate caps by laundering loans through chartered banks — a scheme known as “Rent-a-Bank.”
-
Trump Claims to “Liberate” Economy with Massive Deregulation Efforts As 40% Of Americans Can’t Afford a $1,000 Emergency Expense
Trump’s tax cuts and deregulation for the richest corporations have made no difference to many working families living one emergency away from bankruptcy.
-
Payday Lenders Prey Especially on Struggling Women
Women make up approximately 60 percent of payday loan customers and payday loan use is even higher among single mothers.
-
Allied Progress Statement on Eric Blankenstein’s HUD Promotion
Derek Martin, Director of Allied Progress reacted to the news that Eric Blankenstein, the Trump administration official with a history of racist and sexist writings, has been promoted at the HUD: “What a message this sends: racism isn’t just tolerated in the Trump administration, it can get you promoted.” ###