Payday lenders boost spending on lobbying, campaigns as consumer agency takes shape

By Julie Vorman

Payday lenders more than doubled their spending on federal lobbying to $9.2 million in 2009-10, an investment that defeated Congressional at

Excerpts from this story referencing "Congress":

"… n federal lobbying to $9.2 million in 2009-10, an investment that defeated Congressional attempts to cap short-term loan interest rates but failed to win a ca …"

"… ndustry has sharply stepped up its lobbying from $2 million in the 2005-06 Congress to $4.1 million in 2007-08, then doubling it again in the Congress that en …"

"… 2005-06 Congress to $4.1 million in 2007-08, then doubling it again in the Congress that ended in December.The Financial Service Centers of America (FiSCA), w …"

Fights over tribal payday lenders show challenges of financial reform

By Michael Hudson and David Heath

High-interest payday lenders are teaming up with Native Americans to shield their online businesses from lawsuits and consumer-lending regul

Excerpts from this story referencing "Congress":

"… al intricacies of tribal immunity.The broad financial reform law passed by Congress last summer gives the consumer bureau the power to regulate payday lenders …"

Financial reform this week: House panel to question Fed about future loan disclosures

By Julie Vorman

Financial reform this week: House panel to question Fed about future loan disclosures

Excerpts from this story referencing "Congress":

"… xter, general counsel to the New York Fed.Last December, under orders from Congress, the Fed posted on its website documents and spreadsheets about trill …"

"… e borrowers must be made public one year after the facility is ended.Other Congressional hearings, rulemaking deadlines and events related to the Dodd-Frank r …"

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In setback for corporate lobbyists, whistleblowers can take tips first to government investigators

By Michael Hudson

SEC rules also award generous bounties to tipsters

Excerpts from this story referencing "Congress":

"… after the Enron debacle and other multi-billion-dollar corporate scandals, Congress passed what one scholar “the most important whistleblower protection law …"

"… use the financial meltdown of 2008.The Dodd-Frank Act, passed last year by Congress and signed by President Barack Obama, seeks to improve on previous whistle …"

"… pursue a claim, unless the information falls into four narrow categories. Congress “intended to encourage whistleblowers” to report securities violations …"

Financial reform this week: Will SEC's final whistleblower rule require first filing internal complaint?

By Julie Vorman

Your guide to Dodd-Frank law deadlines, hearing and events for the week of May 23

Excerpts from this story referencing "Congress":

"… pursue a claim, unless the information falls into four narrow categories. Congress “intended to encourage whistleblowers” to report securities violations …"

"… on a final whistleblower rule at their meeting on Wednesday morning.Other Congressional hearings, rulemaking deadlines and events related to the Dodd-Frank r …"

As IRS crusades against Americans hiding money offshore, Latin American tax cheats flock to U.S. banks

By Michael Hudson

U.S. and its banks called "biggest tax haven" in world

Excerpts from this story referencing "Congress":

"… sums of flight capital from Third World tax authorities” while lobbying Congress to maintain “near-Swiss secrecy” for foreign depositors, Henry claims. …"

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Unregulated FICO has key role in each American's access to credit

By Amy Biegelsen

New consumer agency examines opaque credit scoring process

Excerpts from this story referencing "Congress":

"… proceedings lasting many years,” agency Chairman Jon Leibowitz told Congress last year.The new Consumer Financial Protection Bureau (CFPB), on the othe …"

Revolving door between SEC, law firms spins at dizzying speed

More than 200 ex-SEC lawyers went back to agency on behalf of clients

Excerpts from this story referencing "Congress":

"… tor within days and weeks of leaving has attracted increased scrutiny from Congress and the SEC’s own inspector general.Revolving doorOne frequent critic of …"

"… cy trading firm Getco LLC.  The lawmaker said the probe was needed so Congress “can more accurately assess the integrity of the SEC’s operations.”I …"

"… efore the agency.The Government Accountability Office, the watchdog arm of Congress, is also looking at the revolving door issue at the SEC, with a report due …"

Regulatory brawl over debit cards sidesteps the real fee-setters: card companies

By Amy Biegelsen

Lobbying brawl sidesteps the real fee-setters: card companies

Excerpts from this story referencing "Congress":

"… fees included in the sweeping Dodd-Frank financial reform law last summer. Congress left it up to the Federal Reserve to work out the details, and the Fed pro …"

"… ocedural objections and move to a floor vote. But time is running out with Congress scheduled to take two more holiday breaks before the end of July.“I thin …"

"… ay breaks before the end of July.“I think this is an issue that probably Congress should not have waded into because it’s choosing between two business in …"

For all the blame, credit raters still count on big banks for support

For all the blame, credit raters still have allies in town: big banks

Excerpts from this story referencing "Congress":

"… it.Bank of America warns of ‘unintended consequences’As often happens, Congress wasn’t explicit in what it expected regulators to do. The Dodd-Frank law …"

"… ferences from federal rules. In July, the agency is to deliver a report to Congress on what it proposes to replace the rating agency evaluation requirement.Wh …"

"… nor does it solicit input from outside groups.Banks, though, are lobbying Congress to amend Dodd-Frank to keep credit rating agencies involved in their offic …"

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