The retail industry has already politely asked Congress to please not roll back financial reforms involving debit card transactions, but as lawmakers on Capitol Hill inch closer to undoing these protections, retailers are once again voicing their concerns that undoing the 2010 law will lead to higher prices and hurt small businesses. [More]
Repeal
Just When You Thought It Was Dead, ACA Repeal Talks Are Back
After the Republican effort to repeal core elements of the 2010 Affordable Care Act (ACA) was pulled minutes before it was to be considered for a vote by the House of Representatives, both President Trump and Speaker of the House Paul Ryan indicated that the ACA was the “law of the land” for the time-being, and that there likely wouldn’t be another repeal attempt this year. But now, Ryan and other lawmakers are already indicating that they may work together to target the ACA again sooner than expected.
[More]
For-Profit College Industry Continues To Bemoan Recently Enacted Gainful Employment Regulations
A month after the implementation of long-awaited regulations aimed at reining in for-profit colleges went into effect, opponents of the new rules aren’t simply backing away nicely. Instead, they continue push repeal of the new law, saying it unfairly targets the proprietary schools. [More]
Consumer Groups Ask Congress To Ensure That For-Profit Schools Are Held Accountable
When the new gainful employment rules take effect later this year, for-profit educators would need to demonstrate that their programs are actually training graduates to earn a living. But a pending piece of legislation seeks to give these schools a free pass to billions of dollars in federal student aid.