The Federal Pell Grant Program provides billions of dollars in financial aid to college students in need of assistance, but these grants — and other aid — could disappear or be made worthless if proposals by Congress and the Trump administration are enacted. [More]
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‘Financial Choice Act 2.0’ Would Eliminate Government’s Ability To Go After Shady Payday Loan Operations
By 4.21.17 — Updated: 5.9.17
Even though recent surveys indicate that the overwhelming majority of Americans want more regulation of payday lending, federal lawmakers are attempting to strip the Consumer Financial Protection Bureau of any authority over these short-term, high-cost loans. [More]
Religious Groups Call On DNC Chair To Denounce Pro-Payday Loan Bill
By 3.17.16
Faith-based community organizations are among the loudest voices in the battle against predatory lending practices like payday loans. And while most of their efforts are on education and local reforms, a coalition of these groups is thinking nationally, calling on Congress, including the chair of the Democratic National Party, to rethink their support a pro-payday loan piece of legislation. [More]
Bank-Backed Lawmakers Accuse CFPB Of Hurting Consumers By Trying To Regulate Payday Loans
By 2.11.16
It’s never a good sign for the Consumer Financial Protection Bureau when it’s called to testify at a Congressional subcommittee hearing subtitled “The CFPB’s Assault on Access to Credit and Trampling of State and Tribal Sovereignty.” And so it should come as little surprise that bank-backed members of the House Financial Services Committee is trying to paint the agency’s efforts to rein in predatory lending as an attack on the very people the CFPB is trying to protect. [More]
Uber Halts Operations In Kansas After Legislature Votes To Mandate Background Checks, Insurance Coverage
By 5.6.15
It seems like every few months a new city or state announces it will no longer allow Uber to operate in its jurisdiction. But in a slight change of pace, the ride-sharing company is actually taking itself out of the equation in Kansas. [More]
Lawmakers In House, Senate Investigating Fraudulent Returns Filed With TurboTax
By 2.17.15
Joining the Federal Bureau of Investigation and the Internal Revenue Service on the case of bogus tax returns filed used Intuit’s TurboTax software will now be lawmakers from both the House and Senate, who have started probing the recent flurry of fraudulent activity. [More]
Proposed For-Profit College Watchdog Group Would Call Out Which Problem Schools To Avoid
By 4.10.14
For-profit colleges have been dominating the news cycle lately; from a newly proposed “gainful employment” rule to federal agencies suing schools for deceptive marketing tactics. The fight to rein in these sometimes predatory higher-education institutions doesn’t appear to be losing steam. Legislation proposed last week aims to improve the coordination between federal agencies that oversee the industry, while providing student with a list of unsavory schools. [More]
Watching A Lot Of ‘House’ Comes In Handy For Doctors Trying To Solve Real Medical Mystery
By 2.7.14
Remember how they always told you TV rots your brain? Surely they (whoever “they” are, we all have our theories) would be quite shocked to hear that a healthy TV diet helped a bunch of doctors solve a medical mystery and save a patient. All thanks to the show House M.D., starring the inimitable Hugh Laurie. [More]
Congress Gives The Go-Ahead To Student Loan Plan
By 8.1.13
Is it breezy in here or is the combined sighs of relief we’re feeling from college students and parents now that the Congress has reached a compromise on student loan rates? After weeks of the Senate trying to wangle a way to retroactively keep those rates down, the House voted yesterday to approve a compromise from the Senate, which will tie interest rates to the dips and dives of the financial markets. [More]
Very Special Episode Of 'House' Tackles Health Insurance, Prescription Breast Milk
By 2.9.10
Anyone familiar with the Fox medical hit House knows that the show’s cranky, mad-genius protagonist often makes an end-run around hospital protocol, red tape and common sense. Which means the writers are often forced to omit any pesky “there’s no way that’s covered by their insurance” scenes. But Monday night’s episode got its hands on the hot-button issue of health insurance in an almost realistic way. There was also a guy trying to get a prescription for breast milk. [More]
By 7.15.09
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If you’re looking for a good read tonight, try curling up with a cup of herbal tea, some Nilla Wafers, and the PDF of the House Health Reform bill. (warning: opens extremely large PDF) If 1,018 pages is too much reading for tonight, you can look over this one-page PDF on the public insurance option included in the bill, or read first impressions from Consumers Union and the Washington Post’s Ezra Klein. [Consumer Reports Health]
Comprehensive Food Safety Reform Moves Forward In Congress
By 6.17.09
The House Energy and Commerce Committee just approved comprehensive food safety reform, setting it up for consideration on the House floor in the coming months. The Food Safety Enhancement Act was approved by voice vote, indicating bipartisan support and suggesting a relatively smooth passage through the entire House.
Congressional Heavyweights Unveil Food Safety Measure
By 5.31.09
The Food and Drug Administration might actually be able to protect us from dangerous food if Congress passes a bill recently circulated by six powerful members of the House Energy and Commerce Committee. The draft legislation would finally empower the FDA to quarantine suspect foods and slap violators with both civil fines and criminal charges.
Get Informed About Credit Card Reform
By 5.12.09
As we prepare to talk credit card reform with the Obama folks, we want to make sure you’re all able to follow along at home. Inside, we present a cornucopia of fact sheets, charts, and links about the fight for credit card reform.
By 5.5.09
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The House Subcommittee on Commercial and Administrative Law is currently holding a hearing on forced arbitration and credit cards, appropriately titled “Federal Arbitration Act: Is the Credit Card Industry Using It To Quash Legal Claims?” Our friends at Public Citizen will be testifying. You can view (or at least listen to) the Real Player stream here.
Forced Arbitration: You Can't Sue Us For Discrimination
By 4.30.09
Besides banning forced arbitration in consumer and franchise contracts, the Arbitration Fairness Act bans mandatory binding arbitration clauses in employment contracts. John’s story illustrates why this is necessary, inside.
Legislation To Protect Consumers From Crappy Credit Card Practices Moves Forward
By 4.23.09
The Credit Cardholders’ Bill of Rights is back in the news, and with Congress considering the legislation, we offer a refresher on what’s in this bill and why it’s important.
After Decade-Long Delay, House Tells FDA To Regulate Tobacco
By 4.4.09
The House this week voted to empower the FDA to regulate tobacco, just in case people still smoke even after new taxes push the cost of cigarettes to over $9 per pack and the recession bankrupts everyone. Under the measure, which passed 298-112, the FDA would be able to set nicotine levels, control cigarette advertising, and require companies to provide a full list of cigarette ingredients. As usual, the killjoys in the Senate may force the House to smoke a light version of the cigarette bill…
