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Only the Most Conflicted People: Kraninger Appoints Servicer Industry Insider to Be Next Student Loan Ombudsman
Kraninger recruited a student loan industry insider out of the Pennsylvania Higher Education Assistance Agency, a servicer with a history of leaving students in the cold.
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Uncovered Emails Show Secretary DeVos Asks ‘How High’ When Student Loan Servicers Say ‘Jump’
An email from Navient’s CEO making demands for less oversight carries more weight with DeVos than tens of thousands of student borrower complaints about industry mistreatment.
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Kraninger Stands By Aide Paul Watkins Despite Past Work for Anti-LGBT Hate Group
CFPB Director Kathy Kraninger wrote a letter to Sen. Elizabeth Warren defending aide Paul Watkins, two days after reports that Watkins once worked for an SPLC-designated anti-LGBT hate group.
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Would Eugene Scalia Support Anti-LGBT Businesses As Labor Secretary?
In light of the Labor Department’s decision to condone anti-LGBT discrimination, Eugene Scalia must explain his views on LGBT rights.
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Patrick McHenry Praised as “Asset” for Being a Tool of Wall Street
Rep. McHenry’s eagerness to do Wall Street’s dirty work has been rewarded with nearly $400,000 from the financial industry in just the last six months.
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Mulvaney Complains He Would Have Moved CFPB to Cleveland But For the Law
Dialing Up the Smugness to an 11 Watch THIS CLIP [skip to 40:00] from former Acting CFPB Director and current White House Chief of Staff Mick Mulvaney’s August 2nd speech at a South Carolina Republican Party event. Moments after celebrating that many USDA workers quit rather than relocate to the new Kansas offices – “what a wonderful…
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Eugene Scalia’s Corporate Client List Makes Him the Most Conflicted Labor Secretary Pick in Recent Memory
WASHINGTON, D.C. — For any corporation that has violated workers’ rights or defrauded consumers and is in need of legal representation, Eugene Scalia’s resume belongs at the top. It’s what he built a career on. It’s clearly what he’s good at. But it’s also his decades of experience as a high-powered attorney for corporate interests like Wal-Mart…
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Senate Banking GOP Write Love Letter To Big Banks, Allied Progress Reacts
See July 30 Bloomberg Government piece, ‘GOP Senators Ask Regulators to Speed Up Bank Deregulation’. As Republican Senators beg the Trump administration to slash even more safeguards from the banking industry, Allied Progress Director Derek Martin had this to say in response: “In the wake of the big banks announcing $30 billion in profits last quarter, excuse us for not sharing…
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Women Paying 30% More in Overdraft Fees Than Men Is Reason Enough Why Trump’s CFPB Shouldn’t Gut Overdraft Rules
See July 29 Bloomberg piece, ‘Women Pay 18% More in Banking Fees Than Men, Research Finds’. Reaction from Jeremy Funk, spokesman for consumer watchdog group Allied Progress: “It’s bad enough working women in America make 49 cents for every dollar a man makes. It’s insult to injury that the big banks have found a way to weasel substantially…
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Allied Progress Letters to Chairs Cummings and Waters Encourage Investigation Into Whether Race Was Factor In Mulvaney-CFPB’s Anti-Fair Lending Efforts
Inquiry Calls Come In Response to Reports Mulvaney Gave “High Five” to Aide Upon Learning of His History of Racist Writings WASHINGTON, D.C. – In response to the revelation this week that then-CFPB Director Mick Mulvaney reacted with a “high five … sort of, celebration”upon learning last September of former CFPB and current HUD official Eric Blankenstein’s…