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 "Department of Justice":

"… r this fall’s election. Prisons account for more than one-fourth of the Department of Justice’s discretionary budget through fiscal 2018, Grassley said, so “we must …"

"… d the department had received Sen. Grassley's letter and will respond. The Department of Justice did not respond to a request for comment. In the letter, which was a …"

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 "Comerica Bank":

"… program to deliver federal benefits on debit cards issued by Dallas-based Comerica Bank. The inspector general found that officials had failed to keep tabs on fee …"

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.

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.

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 "Sprint Corp.":

"… variety of techniques and influence.” Battling AT&T and Verizon are Sprint Corp. and T-Mobile, the third- and fourth-largest carriers whose networks and cu …"

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.

Excerpts from this story referencing "Center for Responsive Politics":

"… lobbying in Washington in 2013, doling out $18.8 million, according to the Center for Responsive Politics. Comcast also upped its campaign contributions, with its political action …"

"… k’s $1.5 million of lobbying spending in the same year, according to the Center for Responsive Politics. Public interest groups that oppose the merger because it will reduce com …"

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 "Verizon Wireless":

"… rently seeking approval of the purchase of more frequencies in a deal with Verizon Wireless. “It appears to me, when looking at everything that has transpired sinc …"

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 "Leadership Institute":

"…  in December. The Congressional Black Caucus Political Education and Leadership Institute was another Democratic-leaning nonprofit that accepted corporate cash, acc …"

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 "Verizon Wireless":

"… ion. The $2.4 billion T-Mobile deal to purchase valuable frequencies from Verizon Wireless announced yesterday gives AT&T another concrete example to cite in its …"

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 "Communication":

"… ntributed to this report.     …"

"… f dollars his group had received from CBS Corp., radio giant Clear Channel Communications Inc., Rupert Murdoch's News Corp. and the National Association of Broadca …"

"… n-profit MMTC began accepting donated broadcast properties. In 2008, Mega Communications, a Spanish radio network owned by New York art collector Adam Lindemann, …"

"… old the station for $1.15 million last year to Christian broadcaster Salem Communications. In 2010, Trinity Broadcasting Network donated 147 low-power television …"

'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.

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.

Surveillance requests to cellphone carriers surge

By The Associated Press

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

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

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 "Congress":

"… ed as Washington remains inundated by a lake of red ink. Yet 80 members of Congress, both Republicans and Democrats, have signed up as co-sponsors.Some 70 of …"

"… since the start of 2009. WIN and its members have spent millions lobbying Congress, and employ dozens of lobbyists, to press for the tax break, iWatch News h …"

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 "Communication":

"… ssion, a homeless shelter and clinic in Louisiana, would lobby the Federal Communications Commission.“It is important that we, as Christians, never stop working …"

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 "loans":

"… discourage aggressive fraud investigations in order to protect the flow of loans into the company’s production pipeline.One of her first tasks was to ove …"

"… forging their signatures on documents and lying to them about the type of loans they were getting. She reported this, she said, to her supervisors, t …"

"… han the homes were actually worth, as well as the investors who bought the loans on Wall Street, Zachary said. In April 2007, his suit said, he sent a …"

"… s unit, warning that selling people overpriced homes and putting them into loans they couldn’t afford was a “formula for disaster.”His suit claimed t …"

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

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 "Bank":

"… ca — and Spawned a Global Crisis. …"

"… ence that Brazilian money launderers had moved $3 billion through a single Bank of America office in New York. A U.S. Senate panel, meanwhile, was prepari …"

"… op a computer program that would red-flag questionable movements of money. Bank executives were so excited by the “cutting-edge” quality of the protot …"

"… he says, management branded him as a troublemaker and eventually fired him.Bank officials say the computer program was a success, and that it does what it …"

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 "Arianna Huffington":

"… it unions. (Santiago has penned articles for the group, which is backed by Arianna Huffington).The Center’s reporting, which included sorting though several hundred r …"

"… y merged with the Huffington Post Investigative Fund, which was chaired by Arianna Huffington. …"

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 "SBC Communications Inc.":

"… posts in the highest reaches of corporate America, serving as president of SBC Communications Inc. and, most recently, as a top executive at one of Wall Street’s most powe …"

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. ...

Excerpts from this story referencing "JPMorgan Chase":

"… steal some of the limelight from Jamie Dimon, the chief executive of rival JPMorgan Chase. “Jamie is visible, he’s a brand, and he gets much more of the benefit …"