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 "JP Morgan":

"… om of Information Act request. The Center’s report also noted that JP Morgan Chase & Co. issues high-fee payment cards to federal inmates when they …"

"… earnings from prison jobs and any leftover money sent by their families. JP Morgan holds a similar financial agency agreement with Treasury to provide the ca …"

"… a similar financial agency agreement with Treasury to provide the cards. JP Morgan and Bank of America are the two biggest U.S. banks by asset size. Both hav …"

Health insurers turning into who knows what?

By Wendell Potter

Commentary: health insurers are transforming themselves — but into what?

Excerpts from this story referencing "Aetna":

"… t was enacted. We tend to think that insurers with well-known brands like Aetna, Blue Cross, Cigna and UnitedHealthcare have been around forever and likel …"

"… ne of the world’s largest multi-line insurance companies. Its peers were Aetna — which initially was just a life insurer — MetLife, Prudential and Tr …"

"… MetLife, Prudential and Travelers all sold their health care business and Aetna and Cigna decided to get out of the property and casualty business to focu …"

"… Humana says its primary focus “is on the well-being of its members.” Aetna says it is “transforming health care to create healthier communities, a …"

Treasury extends controversial bank-card deal with Comerica

By Daniel Wagner

Treasury extends Comerica program that exposed the elderly and poor to fraud.

Excerpts from this story referencing "Elizabeth Warren":

"… r bank partner after senators pummeled him during a hearing. Sen Elizabeth Warren asked incredulously if “we agreed to give Comerica — we, the U.S. gove …"

Medicare Advantage patients find themselves in regulatory limbo

By Fred Schulte

States lack oversight but feds are struggling to keep with fast-growing health plans.

Excerpts from this story referencing "Medicaid":

"… formal complaint, and about two dozen others, to Centers for Medicare and Medicaid Services (CMS) administrator Marilyn B. Tavenner. Swanson asked the federa …"

Chattanooga wants feds to pre-empt broadband ban

By Allan Holmes

Tennessee city seeks to expand municipal broadband service, pre-empting industry-backed state ban.

Excerpts from this story referencing "Chattanooga":

"… mies while almost certainly reducing or entirely removing such subsidies." …"

"… e the infrastructure they need to support their economies.” The move by Chattanooga will be a first salvo in an effort by municipalities and the FCC to revers …"

"… at want to build or expand broadband networks. Wheeler asked to meet with Chattanooga Mayor Andy Berke in June to discuss the city’s plans for expanding its n …"

"… tition from community broadband. Given the opportunity, we will do so.” Chattanooga’s network, which covers 600 square miles and serves 60,000 customers, ha …"

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.

Court reopens third case after Center uncovered judicial conflicts of interest

By Chris Young

Fifth U.S. Circuit Court of Appeals reopens 2007 case after Center alerts judge that his wife owned ExxonMobil stock when he ruled on case.

Excerpts from this story referencing "Judge":

"… om the plaintiff, Daniel Tilli, saying that he was “in disbelief” that Judge Thomas Reavley did not know that his wife had owned stock in the oil compa …"

"… even years after the court ruled. Reavley is married to fellow 5th Circuit Judge Carolyn King. Tilli, a Bethlehem, Pa., resident who represented himself, …"

"… ed because of a stock conflict involving 4th U.S. Circuit Court of Appeals Judge Allyson Duncan, a new three-Judge panel reached the same decision as the f …"

"… sion as the first. Another case tainted by stock ownership of 11th Circuit Judge Frank Hull is still pending. Many of the others remain in limbo. Lyle Cay …"

Tobacco money fuels gay Republicans, business organizations

By Michael Beckel

Reynolds American gave thousands of dollars to politically active nonprofits such as the Log Cabin Republicans, Americans for Prosperity.

Excerpts from this story referencing "David Koch":

"… rm this November.     …"

Center's report on troubled teens wins prestigious Tobenkin Award

'Throwaway Kids' honored with Columbia Journalism School award.

Excerpts from this story referencing "Education":

"… s.” The series also was awarded a third prize in the National Awards for Education Reporting, given by the Education Writers Association. Judges in that cont …"

"… a third prize in the National Awards for Education Reporting, given by the Education Writers Association. Judges in that contest described Ferriss’ work as …"

Treasury to Comerica: Take our money, please!

By Daniel Wagner

Officials handed bank tens of millions, asked few question, in troubled card program.

Name calling won't silence investigative reporting

By Bill Buzenberg

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

Corporate subsidy deals don’t always deliver

By Julie Patel

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

Delay of long-awaited refinery accident report signals divisions at Chemical Safety Board

By Chris Hamby

A last-minute change to a public meeting on a 2010 explosion at the Tesoro refinery in Washington State has board members "embarrassed."

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.

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 "California":

"… tomers,” said Rick Hasen, an election law professor at the University of California, Irvine. “When customers can associate a store or company with a particu …"

"… another conservative-leaning beneficiary identified in corporate filings. California-based eBay Inc. paid ALEC $12,000 in 2012, while Google contributed an uns …"

Dow Chemical backed anti-union nonprofit with $2 million donation

By Michael Beckel and Erin Quinn

Nonprofit opposed pro-union ballot measure in Michigan with help of $2 million from chemical giant.

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 "Federal Communications Commission":

"… ngestion on its networks in urban areas. The deals must be approved by the Federal Communications Commission and the Justice Department. T-Mobile said it planned to buy more airwaves. …"

New Fed chairwoman Janet Yellen in her own words

By Alison Fitzgerald

Janet Yellen comments on the role of the Fed, devastating unemployment and Congress in selected quotes from 2013.

Fighting over Aetna's disclosure

By Wendell Potter

Commentary: good government group alleges insurer isn't coming clean on political spending.

CVS backs Michigan Gov. Rick Snyder's NERD Fund

By Michael Beckel

Pharmacy chain's donation to Michigan governor's group offers a rare glimpse into the funding of politically active nonprofits.

Ex-SEC chief now helps companies navigate post-meltdown reforms

By Lauren Kyger, Alison Fitzgerald and John Dunbar

Former regulators profit from their experience with jobs, book deals and speaking fees.

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

"… ns. The succinct piece of legislation — which led to the creation of the Troubled Asset Relief Program — demanded there be no oversight or second-guessing of his plans. His e …"

"… of the law, according to a report by the Special Inspector General for the Troubled Asset Relief Program, Neil Barofsky. AIG’s counterparties — those that were owed — inclu …"

Subprime lending execs back in business five years after crash

By Daniel Wagner

Executives from all of the top 25 subprime lending firms are working in the mortgage business five years later.

Excerpts from this story referencing "AIG":

"… loans from 2006 and 2007 among the worst in the country. Lawsuits filed by AIG and others who bought the loans quoted former First Franklin underwriters …"

"… he ashes of one of American International Group’s subprime subsidiaries. AIG is the global insurance giant that received the biggest single taxpayer ba …"

"… efore the crisis. Schiano ran Wilmington until 2007, despite selling it to AIG subsidiary American General Finance for $121 million in 2003. In 2010, Wil …"

"… neral Finance for $121 million in 2003. In 2010, Wilmington and another of AIG’s companies paid $6.1 million to settle charges by the Justice Departmen …"

Ex-Wall Street chieftains living large in post-meltdown world

By Alison Fitzgerald

CEOs of banks that fueled the subprime crisis that led to the economic meltdown largely avoid consequences.

Excerpts from this story referencing "Neil Barofsky":

"… n 25 years. “Every single one of these companies was insolvent,” said Neil Barofsky, the former special inspector general overseeing the bailout, which was ca …"

Big Labor: still a political force

By Michael Beckel

Despite falling union membership, labor groups are major players in the super PAC arena.

How the defense industry dodges budget cuts

By Bill Buzenberg

Center's 'Gift Economy' project shows how money from defense contractors to key lawmakers affects key national security issues.

Excerpts from this story referencing "General Dynamics":

"… om these data produced an investigation into how one contractor, General Dynamics, lobbied Congress and doled out contributions to key members while they co …"

"… lt the program to save $3 billion. But armed with the data, we showed how General Dynamics’ lobbying and campaign contributions spiked at the moment of key hearing …"

"… e of $7,000 a week to nearly $50,000 at strategic junctures). As a result, General Dynamics and the congressional delegation from Ohio, where the tanks are assembled, …"

"… opinion is galvanized against wasteful federal spending. Our story about General Dynamics’ actions was heavily used by other media organizations, such as the McCl …"

Bear Stearns mortgage executives have plum jobs on Wall Street

By Lauren Kyger and Alison Fitzgerald

Executives from the mortgage finance division that helped sink Bear Stearns have similar jobs at major Wall Street banks.

Excerpts from this story referencing "spokesman":

"… head of mortgage trading in March 2012. Andrew Williams, a Goldman Sachs spokesman, declined requests for comment. Verschleiser’s lawyer declined to commen …"

"… tein declined requests for interviews through Zia Ahmed, a Bank of America spokesman. Mary Haggerty Mary Haggerty was a co-head of mortgage finance at Bear. …"

"… ducts group. Haggerty declined a request for an interview through JPMorgan spokesman Mark Kornblau. Kornblau also declined to comment on behalf of the com …"

Mortgage lender owned by Dole Foods magnate accused by CFPB of abusive practices

By Daniel Wagner

The new consumer watchdog is accusing a Utah lender of steering borrowers into high interest mortgages.

IMPACT: OSHA strengthens rules for 'model workplace' program

By Chris Hamby

IMPACT: Companies exempted from some safety inspections under an OSHA program will face automatic removal after work-related deaths.

Excerpts from this story referencing "spokesman":

"… e root cause and ensure that a similar incident does not occur again,” a spokesman for ExxonMobil said in a statement. The oil giant has a number of other V …"

Democrats use Kochs to scare up campaign cash after Center report

By Dave Levinthal

Democratic party committees fundraising around record Koch Industries PAC spending.

Yellen as Fed chair would be tougher on banks

By Alison Fitzgerald

Janet Yellen, President Obama’s intended nominee for Federal reserve chief, may prove to be tougher on banks.

Excerpts from this story referencing "Angelo Mozilo":

"… ngent San Francisco was under the circumstances. Countrywide Financial CEO Angelo Mozilo in late 2007 converted his company from a bank holding company to a thrift …"