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Religious Groups Call On DNC Chair To Denounce Pro-Payday Loan Bill

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

Bank-Backed Lawmakers Accuse CFPB Of Hurting Consumers By Trying To Regulate Payday Loans

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]

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Lawmakers In House, Senate Investigating Fraudulent Returns Filed With TurboTax

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]

Here's Why Congressmen Are Allowed To Make Insider Trades

Here's Why Congressmen Are Allowed To Make Insider Trades

As we mentioned a couple months ago, Congressmen aren’t subject to the same insider trading regulations as the rest of us. Some elected officials have reportedly crossed the ethical line to inflate their personal wealth, using secret knowledge to make timely stock trades. [More]

Oregon Lawmakers Cool With BPA In Baby Bottles

Oregon Lawmakers Cool With BPA In Baby Bottles

Most people seem to agree that baby bottles that include the chemical BPA are probably less than awesome to use to feed your baby. States and municipalities have banned BPA, but the beleaguered chemical has finally found some allies in the Oregon state legislature, which voted down a bill that sought to ban it, the Oregonian reports: [More]

Congress Tries To Bottle Up Prescription Drug Ads

Congress Tries To Bottle Up Prescription Drug Ads

One reason health care is so expensive is pharmaceutical companies spend so much money buying TV and magazine ads to teach us about our health problems we weren’t even aware of (restless leg syndrome, anyone?) then provide the wonderdrugs to cure the maladies.

Federal Stimulus Is Over-Stimulating Big-Shot Lawmakers' Districts

Federal Stimulus Is Over-Stimulating Big-Shot Lawmakers' Districts

USA Today reports that Army Corps of Engineers federal stimulus construction projects are mysteriously ending up in the districts of important lawmakers.