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Showing the Latest Press Release Results
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Big Bank Profits Shoot Up 8.7% Despite GOP Claims of Overregulation
Washington D.C. (May 29th, 2019) — In response to reports that U.S. bank profits increased by nearly $5 billion last quarter — an 8.7 percent jump compared to the first quarter of 2018 — Allied Progress spokesman Jeremy Funk released the following: “We’ve been led to believe by the Trump administration and Congressional Republicans that regulators…
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Trump Education Official (And Former For-Profit College Lobbyist) Buries 158,000 Claims From Defrauded Student Borrowers
Diane Auer Jones is completely disregarding the Obama-era protection “Borrower Defense to Repayment.” It provides a path to debt forgiveness for students defrauded by their (non-profit) colleges.
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Payday Lenders – Satisfied Trump Administration Won’t Go Too Hard On Them – Drop Lawsuit Against Operation Choke Point
Washington D.C. — Politico reported on May 22 : “Payday lenders have reached a tentative settlement with the FDIC and the Office of the Comptroller of the Currency to end their years long legal battle over whether bank regulators acted inappropriately in connection with an Obama-era program known as “Operation Choke Point.” […] Operation Choke Point, officially…
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‘Consumers First Act’ Passes House With Zero Republican Support
GOP members continue to put the big banks first.
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Treasury Secretary Mnuchin Must Answer For Removing Safeguards Against Another Financial Crisis
Allied Progress calls on Mnuchin to explain how his efforts to slash and burn banking regulations won’t lead to another economic collapse.
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ICYMI: Politico: GOP ‘step up their [banking] deregulation efforts’
Washington D.C. — In response to Politico’s reporting that Congressional Republicans are “hounding President Donald Trump’s appointees to step up their [banking] deregulation efforts ,” Allied Progress spokesman Jeremy Funk issued the following statement: “More and more Congressional Republicans are openly crying mercy for the big banks. They say it’s time regulators forgive and forget…
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CFPB Official Admits Trump Payday Proposal Not Based On “Any New Research”
WASHINGTON, D.C. — In response to Congressional testimony from Thomas Pahl — a CFPB policy associate director for research, markets and regulations — that “We did not do any new research” before the Trump administration proposed scrapping protections from the payday loan debt trap, Allied Progress spokesman Jeremy Funk issued the following statement: “In the same breath…
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Allied Progress statement on House GOP calls on federal regulators to ease rules on Big Banks
WASHINGTON, D.C. (May 15th, 2019) — In response to reports that “House Republicans are calling on the Federal Reserve, FDIC and other financial regulatory agencies to pick up the pace of bank deregulation that’s underway and do more to ease rules for the largest lenders”, Allied Progress spokesman Jeremy Funk issued the following statement: “Just…
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Allied Progress statement on departure of top CFPB aide Eric Blankenstein who was behind numerous racist and sexist blog posts
WASHINGTON, D.C. (May 15th, 2019) — Reaction from Allied Progress spokesman Jeremy Funk: “What took so long? For over five months, Director Kraninger tolerated the racist views of a top aide that had no business overseeing lending discrimination matters on behalf of America’s consumers. She should have fired Mr. Blankenstein on her first day, but instead…
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Payday Industry’s ‘Fake’ CFPB Comments Criticized at Congressional Hearing, Adds Pressure on Kathy Kraninger to Restore Integrity to Tainted Payday Rulemaking Process
Allied Progress’ public comment to the CFPB details thousands of suspiciously identical pro-payday ‘personal’ stories submitted.