Read Karen Heller's article in the Washington Post.
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… reports the Times: [T]he soda industry is winning the policy battles over the future of its product. But the bigger picture is that soda companies are losing the war. Even as anti-obesity campaigners like [Philadelphia Mayor Michael A.] Nutter have failed to pass taxes, they have accomplished something larger. In the course of the fight, […]
The Consumer Financial Protection Bureau yesterday announced an enforcement action against an indirect auto finance company and its auto title lending subsidiary for pressuring borrowers using illegal debt collection tactics. The CFPB found that Westlake Services, LLC and Wilshire Consumer Credit, LLC deceived consumers by calling under false pretenses and using phony caller ID information, […]
Over two years, a hack of Experian apparently acquired the records of 15 million T-Mobile customers and people who had applied for credit. Experian, the vendor that processes T-Mobile's credit applications. T-Mobile's CEO posted a letter on the company's website to explain: We have been notified by Experian, a vendor that processes our credit applications, […]
The New York Times reports: Consumer lending firms that focus on borrowers with weak credit have done surprisingly well in the last few years. Many survived the financial crisis of 2008, the Great Recession, and even went on to post strong profits in the face of an onslaught of new regulations. Now, though, these lenders […]
The Hill reports: Payday lenders contributed hundreds of thousands of dollars in campaign funds to nearly a dozen House Republicans over the last four years, according to the report from Allied Progress, a government accountability organization run by Democratic strategist Karl Frisch. The campaign contributions coincided with votes taken by many of these Republicans that […]
What does a Better Business Bureau rating mean? Not much, according to a expose from CNNMoney posted yesterday. The article gives the following examples of businesses that sported an A+ rating on BBB: A mortgage broker charged by federal regulators with discriminating against minority borrowers. A financial firm accused in an ongoing federal lawsuit of […]
That's the title of this article by Tom Hamburger. Hamburger says his article describes the newest chapter in Senator Warren's "crusade against the power of wealthy interests."
Tomorrow, former Massey Energy CEO Don Blankenship will stand trial in federal court in West Virginia for allegedly lethal violations of federal mine safety rules. From a Slate preview of the case: Known for his in-your-face policies and politics, Blankenship is accused of creating a ruthless work culture that skimped on safety and employee well-being […]
As fivethirtyeight.com documented earlier this week, in spite of Obamacare’s extensions of health care coverage to millions of previously uninsured Americans, 33 million still don’t have coverage. Who are those people and why aren’t they covered? Some are noncitizen immigrants; others fall into the “Medicaid gap” (referring to the range of “incomes that were too […]