Loan

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.

Kaiser Thiefs

Obama bundler’s private equity firm could profit from Solyndra bankruptcy

A private equity firm with close ties to the Obama administration could end up profiting from the bankruptcy of Solyndra, the solar panel company that received more than $500 million in taxpayer-backed loans.