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Consumer Affairs: Feds End Consumer Measure That Earned Wrath of Payday Lenders, Republicans and Sex Industry
A letter obtained by Allied Progress, a consumer group that had supported the initiative, reveals that the Department of Justice is ceding to demands to end Operation Choke Point.
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Politico: Justice Department to end Obama-era ‘Operation Choke Point’
Karl Frisch, executive director of Allied Progress, blasted the letter as “a massive giveaway to predatory payday lenders and other shady financial scam-artists.
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Law360: Justice Dept. To End Obama-Era Operation Choke Point
By Evan Weinberger The U.S. Department of Justice on Wednesday said it is set to end a controversial Obama-era program that sought to cut off scammers from the U.S. financial system but, critics say, ended up targeting payday lenders, gun shops and other businesses that were out of favor with the previous administration. Assistant Attorney General…
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Consumerist: As Congress Preps To Scrap Prepaid Card Protections, Lawsuit Seeks Release Of Emails Between Lawmakers & Lobbyists
The Freedom Of Information Act lawsuit filed today by advocacy group Allied Progress asks a federal court in D.C. to compel the CFPB to turn over communications involving the pending prepaid card rules.
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Consumerist: ‘Financial CHOICE Act 2.0’ Blasted By Retailers & Lawmakers
Rep. Hensarling has accepted at least $7.38 million from companies regulated by the CFPB, according to Allied Progress.
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Compliance Week: Dodd-Frank Dismantling Passes First Big Legislative Hurdle
Allied Progress questioned the money behind the rulemaking. Republican members of the committee have received at least $32,211,535 from the financial industry, it said.
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Huffington Post: Next On The Chopping Block For House Republicans: Post-Crisis Bank Regulations
Allied Progress said the bill is so extreme it even erases protections that predate the financial crisis, allowing Wall Street and predatory lenders to once again prey on consumers without repercussion.
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Market Watch: Congress May Roll Back Protections for Consumers Who Use Prepaid Cards
Allied Progress, a progressive advocacy organization, on Monday launched a “six-figure” television ad buy in Washington, D.C., Alaska, Maine and Nevada to encourage members of the public to lobby their representatives there to oppose Perdue’s efforts.
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Bangor Daily News: Group Buys Maine TV Ad Time to Pressure Collins
Allied Progress is pressuring U.S. Sen. Susan Collins to oppose an effort by a Georgia senator to repeal the CFPB’s “prepaid rule,” which protects prepaid debit card holders from certain predatory fees and penalties.
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National Journal: Allied Progress TV Ad Targets Heller
Allied Progress launched a TV and digital ad campaign calling on Sen. Dean Heller (R) to oppose attempts to roll back new rules on prepaid debit cards.