User: newstrust Topic: Personal Finance
Category: Regulation
Last updated: Dec 26 2019 23:19 IST RSS 2.0
 
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Congressional Oversight Claimed Important Victories in 2019. Here Are the Top 5. 26.12.2019 Truthout.com
Congressional Oversight Claimed Important Victories in 2019. Here Are the Top 5.
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They Loan You Money. Then They Get A Warrant For Your Arrest. 4.12.2019 Truthout.com
Handcuffs rest on a pile of $100 bills
High-interest loan companies are using Utah’s small claims courts to arrest borrowers and take their bail money.
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With Biden Floundering, Democratic Establishment Considers Clinton and Kerry 27.10.2019 Truthout.com
With Biden Floundering, Democratic Establishment Considers Clinton and Kerry
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Mark Zuckerberg offers a choice: The Facebook way or the China way 23.10.2019 Minnesota Public Radio: Business
In prepared remarks to Congress, the CEO acknowledges Facebook is not "the ideal messenger" for its digital currency plan, but says innovation is essential to American financial leadership.
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Supreme Court will hear challenge to autonomy of consumer agency spearheaded by Elizabeth Warren 19.10.2019 LA Times: Nation

Conservative justices may rein in the consumer agency touted by Elizabeth Warren and launched under President Obama.

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Joe Biden and Elizabeth Warren: Frenemies from way back, now 2020 rivals 5.9.2019 L.A. Times - World News

Joe Biden considered running with Elizabeth Warren in 2016, although their storied battle over bankruptcy policy has left scars more than a decade later.

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Elizabeth Warren slams student loan watchdog appointment as 'outrageous' 25.8.2019 Minnesota Public Radio: Business
Robert Cameron was a top lawyer for one of the country's largest student loan servicers. In documents obtained by NPR, Warren called his hiring a "slap in the face to student loan borrowers."
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Elizabeth Warren is winning grudging respect among some on Wall Street 5.7.2019 LA Times: Business

There’s a new whisper on Wall Street — maybe Elizabeth Warren isn’t so bad.

The Democratic senator, who rose to national prominence by calling for tough regulation after the financial crisis, is winning respect from a small but growing circle of senior bankers and hedge fund managers. As the presidential...

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Democratic Debate Key Issues Cheat Sheet: Where Joe Biden, Bernie Sanders and More Stand on Major Policies 28.6.2019 Newsweek Top Stories
Tonight's debate includes the majority of 2020 frontrunners along with some candidates (like Williamson and Yang) who present very alternative ideas of what the U.S. government should look like.
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California trails in regulating high-interest loans. This bill could finally rein them in 26.6.2019 LA Times: Commentary

After years of failed attempts to rein in an industry of installment lenders that has poured millions into fighting regulation, supporters of a bill to cap interest rates on small loans in California hope they might finally make progress this year with a larger coalition of backers under a governor...

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Full text: Watch Bernie Sanders deliver speech on why democratic socialism is the ‘only way to defeat oligarchy and authoritarianism’ 13.6.2019 Raw Story
In a speech at George Washington University on Wednesday, Sen. Bernie Sanders laid out his vision of a democratic socialist society and made the case for why an ambitious agenda centered on economic rights for all is the only way to confront America’s deep inequities and defeat far-right authoritarianism. “We must recognize that in the […]
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Payday Lenders Spent $1 Million at a Trump Resort and Cashed In 6.6.2019 Truthout.com
Payday lenders celebrated the potential death of a rule intended to protect their customers.
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How payday lenders spent $1 million at a Trump resort -- and cashed in 6.6.2019 Minnesota Public Radio: Law & Justice
At the Trump Doral outside Miami, payday lenders celebrated the potential death of a rule intended to protect their customers. They couldn't have done it without President Donald Trump and his latest deregulator, Kathleen Kraninger.
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How payday lenders spent $1 million at a Trump resort — and then really cashed in 5.6.2019 Raw Story
In mid-March, the payday lending industry held its annual convention at the Trump National Doral hotel outside Miami. Payday lenders offer loans on the order of a few hundred dollars, typically to low-income borrowers, who have to pay them back in a matter of weeks. The industry has long been reviled by critics for charging […]
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Donald Trump’s defense in Deutsche Bank subpoena case is thoroughly bogus 23.5.2019 The Atlantic - Matthew Ygblesias
A U.S. District judge is expected to rule Wednesday on President Donald Trump’s request to block Deutsche Bank and Capital One from complying with subpoenas from the House Financial Services and Intelligence committees, which are seeking records related to the president’s business dealings. The impending decision from Judge Edgardo Ramos comes just days after a […]
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Sanders, Ocasio-Cortez join forces with Loan Shark Prevention Act aimed at consumer-credit abuses 9.5.2019 The Atlantic - Matthew Ygblesias
Credit card interest rates would be capped at 15% nationwide under a new federal usury law proposed on Thursday by Sen. Bernie Sanders (I-VT) and Rep. Alexandra Ocasio-Cortez (D-NY). The pair’s Loan Shark Prevention Act draws upon a long tradition, not just in legislative politics but in human moral thought. Most major faith traditions have […]
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Trump is literally asking courts to hold that the Constitution doesn’t apply to liberals 7.5.2019 The Atlantic - Matthew Ygblesias
Treasury Secretary Steven Mnuchin formally denied a request by House Ways and Means Chair Richard Neal on Monday — Neal asked the Treasury Department to turn over several years of President Trump’s tax forms. As a matter of law, this wasn’t so much a request as it was a mandatory demand, and Mnuchin’s response to […]
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MSNBC Loves Biden Because He Won’t Break Up Telecom Companies 30.4.2019 Truthout.com
Comcast would surely come under the antitrust microscope if Sanders or Warren were to win the Democratic nomination.

The post MSNBC Loves Biden Because He Won’t Break Up Telecom Companies appeared first on Truthout.

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10 years after financial crisis, heads of top U.S. banks face questions from House panel 11.4.2019 LA Times: Business

Heads of seven of the nation’s largest banks told a House committee Wednesday that their institutions have come a long way since the near collapse of the U.S. financial system a decade ago — but they still fielded contentious questioning during a hearing marked by partisan divides.

The appearance...

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How Trump used financial documents to exaggerate his wealth and hide debts 30.3.2019 LA Times: Business

When Donald Trump wanted to make a good impression — on a lender, a business partner, or a journalist — he sometimes sent them official-looking documents called “Statements of Financial Condition.”

These documents sometimes ran up to 20 pages. They were full of numbers, laying out Trump’s properties,...

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