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 "Comerica Bank":

"… orson criticized an unrelated financial agency agreement with Dallas-based Comerica Bank. Treasury paid Comerica an extra $32.5 million for work the bank had promi …"

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"

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 "bank":

"… plays a perpetual second fiddle to JPMorgan Chase & Co., the only U.S. bank that holds more assets. A few blocks north, however, at the New York Metr …"

"… rovision of money transfers, e-messaging and some telephone services. The bank’s monopoly extends across the federal Bureau of Prisons system — 121 i …"

"… which include earnings from jobs and money their families send them. The banks’ exclusive deals came not from the Bureau of Prisons, but from the U.S. …"

"… de cards for federal prisons. Fees from former inmates make up most of the bank’s compensation for these cards, documents show. A separate Treasury docu …"

Prison bankers cash in on captive customers

By Daniel Wagner

Private company profits by helping prisons squeeze inmates' families for cash.

Excerpts from this story referencing "advocacy":

"… associate director of the Human Rights Defense Center, an inmates’ advocacy group, says the profit-sharing amounts to a legal kickback. “They charge …"

Debit cards slam released prisoners with sky-high fees, few protections

By Amirah Al Idrus

Former prisoners say funds earned in prison eaten away by exorbitant debit card fees.

Excerpts from this story referencing "National Consumer Law Center":

"… addressed by the law, said Lauren Saunders, associate director of the National Consumer Law Center’s Washington, D.C., office. Daniel Wagner contributed to this report. …"

Lawmakers issue dueling Dodd-Frank reports

By Jared Bennett

Republicans say the financial reform law creates a bailout fund. Democrats says the 4-year-old law makes banks safer.

Excerpts from this story referencing "Texas":

"… , written by House Financial Services Committee Chairman Jeb Hensarling, R-Texas, and Patrick McHenry, R-N.C., denounced the financial reform law for faili …"

Four years after passage, House keeps trying to kill Dodd-Frank

By Jared Bennett

On the fourth anniversary of the passage of landmark financial reform law, opponents still trying to kill it.

Excerpts from this story referencing "Texas":

"… ermine key provisions in the financial reform law. Rep. Jeb Hensarling, R-Texas, named by the Center’s April report as the captain of the banking caucus …"

Congressman defends payday lending industry

By Daniel Wagner

Rep. Gregory Meeks, D-N.Y., featured in Center investigation on the 'banking caucus.'

Excerpts from this story referencing "Steve Stivers":

"… igation released in April. Just before he spoke, the group heard from Rep. Steve Stivers, R-Ohio, another “banking caucus” member and former megabank lobbyist. …"

Credit union overseer cozies up to industry execs

By Daniel Wagner

Credit union regulator Rick Metsger cozies up to industry execs at D.C. conference.

Do senators fear the Internet?

By Rachel Baye

Nearly one-fifth of upper chamber members say they support e-filing campaign finance reports — but won't be this week.

Excerpts from this story referencing "South Dakota":

"… offices of Democratic Sens. Martin Heinrich of New Mexico, Tim Johnson of South Dakota and Ron Wyden of Oregon told the Center for Public Integrity that the camp …"

New credit union cop tight with industry

By Daniel Wagner

Newest credit union overseer owes political career to industry he regulates.

Excerpts from this story referencing "United States":

"… for “people of small means … to stabilize the credit structure of the United States.” The industry has strayed from that mission. Fewer than one-third of f …"

Days after investigation, coal miners' safety net scrutinized

By Bill Buzenberg

Center's 'Breathless and Burdened' series leads U.S. senators to call for changes, major hospital to halt program and review practices.

Excerpts from this story referencing "United States":

"… as paid the hospital millions of dollars over the years for its services. United States senators from coal country have begun working on new legislation to addres …"

"… new case of black lung diagnosed there since 2006.” By contrast, in the United States black lung is growing and being diagnosed in younger and younger miners, a …"

Obama bundlers nominated for diplomatic posts in New Zealand, Iceland

By Michael Beckel

President Obama has named two more of his top campaign fundraisers for plum, overseas diplomatic posts.

Donor profile: Joe Ricketts

By Reity O'Brien

Quick stats on the biggest financial backers of Election 2012.

Excerpts from this story referencing "Major League Baseball":

"… also sit on its board. In addition to a financial services giant and a Major League Baseball team, Ricketts’ ventures include a bison meat distribution company in Wy …"

Visa, MasterCard in $6B settlement over card fees

By The Associated Press

Visa, MasterCard and banks reach $6B settlement over card fees
Aung San Suu Kyi

US eases sanctions, allowing investment in Myanmar

By The Associated Press

US allows investment in Myanmar, including oil and gas, in biggest rollback yet of sanctions

Wisconsin Gov. Walker’s conservative media appearances pay off as he raises millions from out-of-state donors

By Kate Golden and Amy Karon

Wisconsin Gov. Scott Walker's national conservative media appearances have helped him to raise millions from out-of-state donors

Super PAC cash plays big role in Nebraska Senate race

By Michael Beckel

Super PAC spending again plays major role in Senate contest, this time in Nebraska.

Excerpts from this story referencing "chairman and CEO":

"… C’s sole individual donor. (Ending Spending, Inc., where Ricketts is the chairman and CEO, is the sole organizational contributor and has donated about $21,000 in …"

Finance industry makes up nearly half of pro-Romney super PAC’s donations

By Alexandra Duszak and Rachael Marcus

America's wealthiest investors fill coffers of pro-Romney super PAC.

Excerpts from this story referencing "Private equity":

"… individuals, private banks, pensions, corporate treasuries and endowments. Private equity companies are more hands-on but are also mostly unregulated and attract th …"

"… Sen. Carl Levin, D-Mich., and Rep. Sander Levin, D-Mich., to do the same. Private equity groups, including Bain, and hedge funds, have lobbied to keep this change …"

Embattled finance committee chairman gets help from credit unions

By Michael Beckel

Credit union industry is sticking with embattled incumbent Rep. Spencer Bachus in Alabama primary

Chamber spends early, often on GOP congressional candidates

By Peter H. Stone

The nation's largest business lobby taps corporate giants in an attempt to recapture Senate

Excerpts from this story referencing "Exxon Mobil":

"… s, the Pharmaceutical Research and Manufacturers of America, Dow Chemical, Exxon Mobil and private equity firm the Blackstone Group.In 2008, the Chamber received …"

"… mpanies. Funding for the Center was led by America’s largest oil company Exxon Mobil and included the likes of, Koch Industries, Peabody Energy and Southern Co …"

K Street, Wall Street line up behind Sen. Scott Brown in his race against Elizabeth Warren

By Peter H. Stone

Senate race fundraising stoked by dislike of big bank nemesis Elizabeth Warren

Excerpts from this story referencing "Massachusetts":

"… s of dollars from K Street lobbyists and Wall Street interests to keep the Massachusetts seat of iconic Democrat Edward M. Kennedy in Republican hands.Whether the …"

"… er of Commerce. The business behemoth will be engaged early and heavily in Massachusetts with ads as the Chamber did, to the tune of about $1 million, when Brown w …"

"… utors included four financial giants: Fidelity Investments, Goldman Sachs, Massachusetts Mutual Life Insurance Co., and Liberty Mutual Insurance, according to the …"

"… achs pumped at least $60,500 into Brown’s coffers; at least $51,000 from Massachusetts Mutual Life Insurance; and at least $46,000 from Liberty Mutual Insurance. …"

Whistleblowers ignored, punished by lenders, dozens of former employees say

By Michael Hudson

Former mortgage company employees say fraud was widespread in industry

Excerpts from this story referencing "president":

"… nation’s largest savings and loan.One of them was Theresa Hagman, a vice president in WaMu’s custom home-construction lending division. In 2003, Hagman spo …"

"… ated confrontations.)As an internal investigation proceeded, a senior vice president wrote: “If this wasn’t a good example of a need for a Fraud team, then …"

"… stomers were on his payroll.After she reported the problems to Citizens’ president, she claimed, she got “the silent treatment” from coworkers and her bo …"

Koch-related group is reviewing financial transactions with Cain aide's charity

By Peter H. Stone

Americans for Prosperity ties to Cain aide under review

In India, bidi industry's clout trumps health initiatives

By Murali Krishnan and Shantanu Guha Ray

Bidi makers in India adopt Big Tobacco tactics to avoid reforms on smoking and excise taxes

Excerpts from this story referencing "India":

"… shift for a bidi contractor. …"

"… is a textbook example of poor, working women who turn the wheels of one of India's most important industries.Every morning she bathes in the river Hindus c …"

"… her lap where she works. She earns $25 a month. That wage is low, even in India, where more than half of the population lives on an average of less than $ …"

"… han $2 a day.Devi is among the roughly six million women who roll bidis in India; their arduous profession is the second-largest labor-intensive occupation …"

Only 15 of top 100 health information technology firms are lobbying on health IT

By Josh Israel

Many of the top health information technnology firms don't lobby on health IT

One year after reform law passed, Wall Street still spending big on lobbying

By Shirley Gao

Wall Street has spent $100 million so far this year on lobbying, just slightly less than last year

Excerpts from this story referencing "Securities and Exchange Commission":

"… in the Democratic Republic of Congo.Minerals that must be disclosed to the Securities and Exchange Commission include cassiterite, columbite-tantalite, gold, and wolframite, and are us …"

More oversight needed for Myanmar cyclone relief funds, GAO says

By Maya Rhodan

Recent audit shows USAID lacks proper management of relief funding in Myanmar

Financial stability council warns Congress U.S. markets still fragile

By Shirley Gao

Financial Stability Oversight Council tells Congress markets are still vulnerable

Borrower Nightmares: $700 dormitory fee costs family its car

By Amy Biegelsen

Car-title loans are a quick way to get money but woe to those who fall behind in payments

Excerpts from this story referencing "Coast Guard":

"… of Washington, D.C., Morris works in the technical support branch for the Coast Guard office that issues merchant seamen the equivalent of a driver’s license. …"

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