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Loan

Liberal Group Floods Public Comments Board to Stop Payday Lending Rule Change

Allied Progress sought 'scrutiny' for opponents using same tactic

Payday Loan Companies Face Tougher Regulations


Consumer groups hoping to stop a potential rule change on payday lending were able to get more than 19,000 prewritten comments submitted to the government’s public comment portal, despite one of those groups complaining to the Wall Street Journal about the same tactics from their opposition.

Warren Predicts Impending Economic Crash

'When I look at the economy today, I see a lot to worry about again'


Sen. Elizabeth Warren (D., Mass.) on Monday warned that the country faces an imminent economic crisis if the government fails to quickly pass legislation to "regulate the financial sector and significantly reduce middle class household debt."

Ohio GOP Seeks CFPB Correspondence With Hedge Fund on Student Loan Deal

Proposed CFPB deal gives hedge fund administrative control over thousands of loans


The Ohio Republican Party is requesting that the Consumer Financial Protection Bureau hand over all correspondence and documentation regarding its deal with a hedge fund that was handed administrative control of valuable student loan trusts by the agency.

American Jobs, Chinese Profits

Export-Import Bank extends loan to support Chinese-owned solar panel manufacturer


The U.S. Export-Import Bank (Ex-Im) is financing the purchase of solar panels from a manufacturer now owned by the Chinese that had previously attracted investments from prominent Democrats, the bank announced Wednesday.

The Fannie and Freddie Fee Machine

Federal government now collecting Fannie and Freddie profits


In order to wind down mortgage-backing giants Fannie Mae and Freddie Mac, the government is now collecting all profits generated by the companies—a move some think may backfire by providing the federal government a new source of revenue that Congress will be hard-pressed to let go.