How a Credit Union’s Left-Wing Execs Got Uncle Sam to Shut Down the Competition

Center for Responsible Lending Chief Executive Officer Martin Eakes testifies on Capitol Hill in Washington, Thursday, Nov. 13, 2008

Martin Eakes speaks in high-minded tones when he condemns payday lending. But his decades-long vendetta against the industry, subsidized by taxpayers and taking place within federal regulatory agencies themselves, could drive more business to financial institutions that Eakes runs.

Gruber to Apologize, Walk Back ‘Lack of Transparency’ Comments

Jonathan Gruber / AP

A controversial professor who helped devise Obamacare will apologize to a House committee on Tuesday and attempt to walk back comments about the law’s passage that he says were “uninformed” and “offensive.”

“I would like to begin by apologizing sincerely for the offending comments that I made,” Massachusetts Institute of Technology professor Jonathan Gruber will tell the House Committee on Oversight and Government Reform, according to an advance copy of his testimony obtained by the Washington Free Beacon.