Latest News
Showing the Latest Karl Frisch Results
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American Banker: Who’s Behind the Campaign Attacking CFPB Chief Cordray?
There is some evidence that executives at Lincoln attempted to confront Cordray directly. During a May 5 field hearing on the arbitration proposal in Albuquerque, an audience member identified as Chuck Bowman asked Cordray if the plan was tied to his political ambitions. Consumer advocates, including Karl Frisch, an executive director at the progressive group Allied Progress, say Bowman is, in fact, Chuck Coolidge, a principal of Lincoln Strategy Group. Judging from a review of video of the hearing and Coolidge’s social media accounts, Coolidge bears a striking resemblance to Bowman.
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Texas Rep. Henry Cuellar: The Payday ‘Lone’ Democrat
Texas Congressman was lone democrat on Appropriations Committee to support delaying CFPB payday lending rules.
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Corporate Crime Reporter: New Report Details Revolving Door Between House Financial Services Committee and Industry
On the heels of House Financial Services Committee Chairman Jeb Hensarling unveiling his proposal to dismantle critical consumer financial protections enacted in 2010’s Dodd-Frank Wall Street Reform and Consumer Protection Act, Allied Progress is out with a new report detailing the revolving door between Hensarling’s committee and the financial industry and how key members of his committee staff have invested in and taken junkets from the very industry they’re paid to oversee.
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The Revolving Door and High Flying Conflicts of Hensarling’s House Financial Services Committee
New report details revolving door between committee and industry, staff raking in benefits from industry they’re paid to oversee.
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Dallas Morning News: Sen. Elizabeth Warren Slams Dallas Rep. Hensarling’s Dodd-Frank Proposal as ‘Wet Kiss’ to Wall Street
Allied Progress, a left-leaning advocacy group, also accuses Hensarling of pandering to his deep-pocketed donors. Karl Frisch, executive director of Allied Progress, notes Hensarling has collected millions in campaign donations from the financial industry since 2010. Emerson dismissed that accusation, pointing out that Hensarling has opposed Dodd-Frank since its inception.
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Washington Times: Debbie Wasserman Schultz Flips, Backs Payday Loan Crackdown Under Pressure From Left
“This is a wake-up call for progressives in Congress and every state legislature around the country. Getting in bed with the payday lending industry isn’t only bad policy, it’s bad politics,” said Karl Frisch, executive director for Allied Progress, which had been running television and digital ads blasting Ms. Wasserman Schultz and Mr. Murphy for their support of Florida’s payday lending laws.
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Sun-Sentinel: Wasserman Schultz Supports Payday Loan Rules
“This is a wake-up call for progressives in Congress and every state legislature around the country. Getting in bed with the payday lending industry isn’t only bad policy, it’s bad politics,” Allied Progress executive director Karl Frisch said. Wasserman Schultz’s willingness to reconsider her position is a testament to her thoughtful leadership and our representative democracy.”
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Newsweek: Moving Left, Debbie Wasserman Schultz Drops Opposition to Payday Loan Regulations
Karl Frisch, executive director of Allied Progress, called Wasserman Schultz’s move a victory. “This is a wake-up call for progressives in Congress and every state legislature around the country. Getting in bed with the payday lending industry isn’t only bad policy, it’s bad politics,” he said.
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With Wasserman Schultz Reversal, Push to Expand Disastrous “Florida Model” of Payday Lending is Dead
Allied Progress: “This was only possible because two important things happened. Tens of thousands of Americans made their voices heard and people like Wasserman Schultz and Murphy listened.”
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Tampa Bay Times: Wasserman Schultz Reverses Opposition to New Payday Lender Rules
Allied Progress, which ran ads against Wasserman Schultz, declared victory. “This is a wake-up call for progressives in Congress and every state legislature around the country. Getting in bed with the payday lending industry isn’t only bad policy, it’s bad politics,” said Allied Progress executive director Karl Frisch.