Center report spurs investigation of Bank of America, JPMorgan prison deals

By Daniel Wagner

No-bid contracts with Bank of America and JPMorgan under government scrutiny after Center report.

Excerpts from this story referencing "JPay Inc.":

"… ve deals with prisons. The first part of the series detailed how JPay Inc., a Miami-based technology company, has gained access to 70 percent of U.S. …"

Senator questions Bank of America’s no-bid prison deal

By Daniel Wagner

After a Center report, Sen. Charles Grassley, R-Iowa, says Bank of America's no-bid prison banking deal "raises significant questions"

Excerpts from this story referencing "JPay Inc.":

"… ve deals with prisons. The first part of the series detailed how JPay Inc., a Miami-based technology company, has gained access to 70 percent of U.S. …"

Megabanks have prison financial services market locked up

By Daniel Wagner

Bank of America and JP Morgan Chase & Co. avoid competitive bidding process in contracts serving federal prisoners.

Excerpts from this story referencing "JPay Inc.":

"… nmates. Part One, which ran on Tuesday, focused on the explosive growth of JPay Inc., a private company that performs money transfers for 70 percent of U.S. of …"

"… s rankled potential competitors including Ryan Shapiro, founder and CEO of JPay Inc., which provides prison banking services to most state inmates. He has call …"

How big telecom smothers city-run broadband

By Allan Holmes

Municipal broadband boosts business, but often stops at city limits thanks to lobbying muscle of telecom giants.

Excerpts from this story referencing "Internet service":

"… ade sense that the city of Tullahoma be able to offer its local high-speed Internet service to areas beyond the city limits. After all, many of her rural constituent …"

"… uence state elections and buy research to try to stop the spread of public Internet services that often offer faster speeds at cheaper rates. The companies have succ …"

"… iduals who are concerned about wasteful duplication of existing or planned Internet service.” The group’s IRS Form 990 for 2012 shows it gave between $5,000 and …"

"… ing to attract technology companies including a large data center, but the Internet service from Charter won’t support such data-hungry businesses. The only network …"

Potential Sprint, T-Mobile marriage threatens consumer gains

By Allan Holmes

Sprint, T-Mobile fought to maintain competition, merger talks show they're giving in.

Name calling won't silence investigative reporting

By Bill Buzenberg

How a Verizon flack's tweet clinched more readers for our wireless investigation.

Excerpts from this story referencing "Twitter":

"… ago when a corporate spokesman slammed one of our excellent reporters via Twitter, labeling him “lazy and unethical.” Ed McFadden of Verizon later apolo …"

Wireless companies fight for their futures

By Allan Holmes

A rare auction of wireless spectrum may determine who controls your cell phone.

Excerpts from this story referencing "Ohio":

"… d Whitfield from Kentucky, Billy Long from Missouri, and Robert Latta from Ohio, received among the largest campaign contributions in Congress from AT& …"

"… ’t indicated how he would vote. At a speech at his alma mater, Ohio State University, he described himself both as “a rabid believer in the …"

Comcast, Time Warner rivals may see opportunity in mega-merger

By Allan Holmes

The Comcast-Time Warner merger may be embraced by industry rivals who see an opportunity for their own deals.

Corporate subsidy deals don’t always deliver

By Julie Patel

Popular business incentive programs can help politicians win favor with voters and companies.

T-Mobile’s lobbying spending may be paying off

By Allan Holmes

The No. 4 wireless carrier sees its lobbying investments paying off in D.C.

Excerpts from this story referencing "T-Mobile":

"… oing to keep their foot to the pedal on lobbying this year,” Silva said. …"

"… s far bigger rivals by buying companies and acquiring better frequencies. T-Mobile, which is only a fraction of the size of its giant rivals AT&T and Ver …"

"… e Department blocked the deal. The lobbying investment is intended to help T-Mobile turn telecommunications policies to its favor. T-Mobile — which has als …"

"… intended to help T-Mobile turn telecommunications policies to its favor. T-Mobile — which has also cut prices to better compete — spent $5.2 million on …"

Top U.S. corporations funneled $173 million to political nonprofits

By Michael Beckel

Analysis of company disclosures reveals steady flow of cash from corporations to social welfare organizations, trade associations.

Excerpts from this story referencing "Wyoming":

"… re nonprofit was founded in 2012 by former Republican Sen. Alan Simpson of Wyoming and North Carolina Democrat Erskine Bowles, who served in the Clinton admi …"

AT&T buoyed in lobbying push against spectrum auction limits

By Allan Holmes

Expect telecom giant to fight FCC on spectrum auction limits following T-Mobile airwaves purchase.

Excerpts from this story referencing "T-Mobile":

"… tment. T-Mobile said it planned to buy more airwaves.     …"

"… ng regulators not to limit an upcoming spectrum auction. The $2.4 billion T-Mobile deal to purchase valuable frequencies from Verizon Wireless announced yest …"

"… r 2015: the wireless market is becoming more competitive as companies like T-Mobile buy more airwaves that allows it to build a better network, and AT&T s …"

"… ore the Senate’s Commerce, Science and Transportation Committee prior to T-Mobile’s airwaves purchase. “T-Mobile has substantially bolstered its spectr …"

IMPACT: Treasury to open Comerica deal to new bids after CPI report

By Daniel Wagner

Multimillion-dollar government deal with Comerica will be re-bid in 2015 after reports of lack of transparency and competition.

Excerpts from this story referencing "Comerica":

"… d to consider hiring a new vendor when a controversial deal with Comerica bank to issue debit cards to beneficiaries of federal programs expires in …"

"… o issue debit cards to beneficiaries of federal programs expires in 2015. Comerica has an exclusive contract to issue Direct Express cards, which Treasury us …"

"… ity to avoid souring their relationships with Treasury. CPI reported that Comerica won the original deal in 2008 by offering to provide the cards at no cost …"

"… ry quietly amended the contract to add tens of millions in new payments to Comerica. The bank had complained that it was having trouble profiting under the fi …"

Civil rights group's FCC positions reflect industry funding, critics say

By Jason McLure

Civil rights organization often agrees with industry backers on FCC issues.

Excerpts from this story referencing "Washington":

"… ts has spent at least $375,000 on fundraising luncheons and conferences in Washington hosted by MMTC between 2009 and this year. In addition to taking Comcast' …"

'Upset' emissions: Flares in the air, worry on the ground

By Kristen Lombardi and Andrea Fuller

Residents living along the chemical corridor of Texas and Louisiana often encounter 'upset' emissions -- triggering pollution, health fears.

Excerpts from this story referencing "ExxonMobil":

"… ” naphtha, a liquid mixture of volatile petrochemicals, occurring at the ExxonMobil Baton Rouge petrochemical complex a half mile away. Four hours earlier, E …"

"… s valve leak has played out again and again at the sprawling, 2,400-acre ExxonMobil Baton Rouge complex, which encompasses an oil refinery and a chemical plan …"

"… leases over these years; at its height, the facility averaged two a week. ExxonMobil Baton Rouge questions the Bucket Brigade’s analysis, calling it “likel …"

"… sions. Two facilities the Club sued rank among the state’s top emitters: ExxonMobil, whose petrochemical complex in Baytown has released 5.1 million pounds of …"

Warehouse worker lawsuit targets Walmart

By Jim Morris and Adithya Sambamurthy

Warehouse laborers, citing oppressive conditions and unpaid wages, contend Walmart is among those responsible.

Excerpts from this story referencing "Center for Public Integrity":

"…  lawyer for the workers, contended in a written statement to the Center for Public Integrity and the Center for Investigative Reporting. “We believe Walmart knows ex …"

Surveillance requests to cellphone carriers surge

By The Associated Press

Police agencies made 1.3 million surveillance requests to US cellphone carriers in 2011

Excerpts from this story referencing "T-Mobile":

"… 500,000 subpoenas in 2011. Requests are increasing annually at Verizon and T-Mobile. And AT&T has a dedicated team of more than 100 workers whose job it i …"

Judge in Citigroup case has bucked trend of rubber stamping SEC settlements

SEC has long history of settling cases without requiring companies to admit guilt

Excerpts from this story referencing "JPMorgan Chase":

"… ederal judge Richard Berman recently OK’d a $154 million settlement with JPMorgan Chase. And despite Judge Rakoff’s treatment of their cases, the SEC is unlikel …"

Heart testing bill signed by Perry required unnecessary tests, critics charge

By Rochelle Sharpe

Medical experts say measure signed by Perry requires unnecessary testing

Excerpts from this story referencing "Pfizer":

"… nd was promoted by a controversial medical group with a history of ties to Pfizer, which makes the cholesterol-lowering drug, Lipitor. Critics say Pfizer, a …"

"… to Pfizer, which makes the cholesterol-lowering drug, Lipitor. Critics say Pfizer, a major Perry contributor, could benefit from the legislation because the …"

"… who might then be prescribed Lipitor. Perry received more money from Pfizer than any other political candidate nationwide over the past six years, cam …"

"… wn races.  A Perry spokesman declined to address the issues raised by Pfizer’s support with iWatch News, but has previously dismissed as “ridiculou …"

As they lobby for a tax holiday, some big multinational players say they've got plenty of cash on hand

By John Aloysius Farrell and Aaron Mehta

Big corporations seeking tax holiday are sitting on billions in U.S.

Excerpts from this story referencing "U.S. Treasury":

"… als and trade groups pushing for the tax break. The holiday could cost the U.S. Treasury as much as $80 billion, one reason why its prospects are mixed as Washingt …"

Charities supporting AT&T’s buyout of T-Mobile have financial incentive

By Jason McLure

Charities that received big dollars from AT&T supporting phone giant's buyout of T-Mobile

Excerpts from this story referencing "Louisiana":

"… hy the Shreveport-Bossier Rescue Mission, a homeless shelter and clinic in Louisiana, would lobby the Federal Communications Commission.“It is important that …"

Mortgage industry tanks, fraud continues at Countrywide

By Michael Hudson

As the mortgage industry melted down, fraud investigator kept up the pressure, soon lost her job

Excerpts from this story referencing "home builders":

"… int venture between Countrywide and KB Home, one of the nation’s largest home builders. Countrywide KB Home Loans provided the credit that allowed home buyers to …"

Windfalls of war: Taxpayers get hammered by Pentagon attempts to "one-stop-shop"

By Sharon Weinberger

Pentagon abused its sole-source authority on weapons from tankers to choppers

Dodd-Frank author is proudest of "skin in the game" requirement for mortgage securitizers

By Shirley Gao

Rep. Barney Frank defends Dodd-Frank law as first anniversary nears

Excerpts from this story referencing "Bank of America Corp.":

"… d increased regulation, the New York Times reports. Analysts  predict Bank of America Corp., Goldman Sachs Group, Inc., JP Morgan Chase & Co., Morgan Stanley, and …"

DuPont considered, then rejected, safer handling method for chemical that killed worker

By Jim Morris

DuPont ignored near-miss accidents, poor maintenance at W. Virginia planted to poor maintenance

Boeing pocketed millions by overcharging Army, IG report finds

By Ben Wieder

Boeing overcharged the Army $13 million for helicopter parts

Bank of America, tech VP clash over money-laundering detection

By Michael Hudson

Bank of America Corp. faces myriad disputes with whistleblowers, state attorneys general, and homeowners after surviving the U.S. financial

Excerpts from this story referencing "Fannie Mae":

"… disputes over mortgages, including its recent $2.8 billion settlement with Fannie Mae and Freddie Mac.‘Hot Project’Galinsky filed the first in a series of S …"

Customers close accounts to protest Wall Street, abusive lending practices

Angry at Wall Street over the financial crisis and consumer credit practices seen as predatory, some consumers have opted to close their acc

Excerpts from this story referencing "Troubled Asset Relief Program":

"… ay it back.Of the 690 small banks with assets under $100 billion that took Troubled Asset Relief Program dollars, less than 10 percent had repaid the money as of July, according t …"

Obama’s new chief of staff sought to loosen post-Enron corporate reforms

By Michael Hudson

William M. Daley, President Barack Obama's new chief of staff, is a major Wall Street player who sought to loosen corporate reform laws and

Excerpts from this story referencing "first chief":

"… practice in Los Angeles.Obama appointed Daley to succeed Rahm Emanuel, his first chief of staff. Emanuel left the White House to run for mayor of Chicago, an opp …"

Reform reading: Big banks take on CFTC over policing of derivatives

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law. ...