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Nevada Independent: Progressive Group Launches Ad Campaign Targeting Heller on Prepaid Debit Card Regulation Rollback
The group behind the ad, Allied Progress, is targeting Heller and senators in Maine and Alaska with the digital and television ad campaign running today through May 9th — the expected last date that Congress can act to nullify the proposed regulations.
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American Banker: Fight Over CFPB Prepaid Rule Coming to a Head
The fight over a Consumer Financial Protection Bureau rule adding new restrictions to prepaid cards is intensifying as some Republicans hope to overturn it before a looming deadline for Congress to act expires.
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Courthouse News Services: Consumer Advocates Take Records Hunt to Court
Fighting a Republican effort to loosen regulations that protect consumers from prepaid card abuses, an advocacy group brought its open-records battle to a federal judge.
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PYMNTS.com: CFPB Advocacy Group Sues US Consumer Financial Protection Bureau
Allied Progress files suit against the U.S. Consumer Financial Protection Bureau due to its inability to produce papers overturning Obama regulation.
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Law360: Group Seeks CFPB’s Prepaid-Rule Exchanges With GOP Foes
A liberal activist group sued the Consumer Financial Protection Bureau on Tuesday to hasten the agency’s turnover of correspondence with Republican senators who are seeking to eliminate credit card-like protections for prepaid card users.
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National Law Journal: How a Prepaid Card Company Emerged as a ‘Major Opponent’ to CFPB
Netspend and its parent company Total System Services have spent hundreds of thousands of dollars lobbying on prepaid card rules and other regulatory matters.
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New York Times Magazine: The Bureau of Resistance
How long can a progressive federal agency, the Consumer Financial Protection Bureau, stand firm against the deregulatory pressures of the Trump administration?
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Reuters: Group Sues Over Proposal to Reverse New U.S. Rule on Prepaid Cards
A group that supports a new rule governing prepaid cards sued the U.S. Consumer Financial Protection Bureau on Tuesday for information that it says could reveal why Republicans are trying to reverse the regulation.
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ABC News: Group Files Suit Seeking Correspondence on Prepaid Rule
Progressive group files suit in the U.S. District Court for the D.C. to obtain correspondence between the Consumer Financial Protection Bureau and Senate offices regarding a Obama-era rule that protects prepaid credit card holders from predatory practices.
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Atlanta Journal-Constitution: Consumer Protection Rule Targeted by Perdue Would Benefit Campaign Donor
Allied Progress, a liberal advocacy group that pushes for tougher rules on Wall Street and payday lenders, is planning to kick off a television and digital ad campaign in the days ahead to pressure GOP senators to vote against Perdue’s bill.