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 "Center for Public Integrity":

"… cial agents,” the watchdog's general counsel, Rich Delmar, told The Center for Public Integrity. The Center first reported this month that the banks have exclusive acces …"

"… be. Delmar said the investigation was launched on Oct. 3, a day after The Center for Public Integrity published a report on the contracts. Bank of America’s deal also d …"

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 "Center for Public Integrity":

"… xpayers the most bang for the buck,” Grassley said in a statement to the Center for Public Integrity. “Any time the government avoids competitive bidding, the practice needs …"

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 of America":

"… erforms money transfers for 70 percent of U.S. offenders. On Wall Street, Bank of America plays a perpetual second fiddle to JPMorgan Chase & Co., the only U.S. …"

"… the New York Metropolitan Correctional Center, there exists a market that Bank of America has locked down, literally. For the 790 federal prisoners incarcerated at …"

"… locked down, literally. For the 790 federal prisoners incarcerated at MCC, Bank of America controls the provision of money transfers, e-messaging and some telephone …"

"… f Prisons system — 121 institutions housing 214,365 inmates. Since 2000, Bank of America has collected at least $76.3 million for its work on the program. When in …"

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 "California":

"… ing relatives, says Linda Dolan, 58, a manager for a defense contractor in California. Last year, when her son was sentenced to 20 days in jail in St. Lucie Cou …"

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 "St. Paul":

"… prepaid cards given to inmates at Ramsey County Law Enforcement Center in St. Paul, Minnesota. The cards “are quick and leave a complete auditing trail, …"

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 "Center for Public Integrity":

"… of the law. Most of these attempts were led by lawmakers identified by the Center for Public Integrity as the “banking caucus” in an April investigation, because of their st …"

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 "Mercatus Center":

"… dd-Frank world, nor should we,” he said at a conference organized by the Mercatus Center and the Cato Institute. Hensarling, chairman of the House Financial Servi …"

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 "Washington":

"… wmakers on the Financial Services Committee. The members work closely with Washington’s 2,000 financial lobbyists, writing letters, proposing industry-friendl …"

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.

Excerpts from this story referencing "Congress":

"… two former credit union colleagues were in the audience, he called on for Congress to “modernize” laws affecting credit unions. National Credit Union Adm …"

"… edit unions. National Credit Union Administration board members have asked Congress to roll back limits on credit unions’ commercial lending and permit othe …"

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.

New credit union cop tight with industry

By Daniel Wagner

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

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 "law":

"… a year on this project, Reporter Chris Hamby told the story of how a major law firm and a prestigious hospital have been able to prevent coal miners suff …"

"… rtment of Labor official acknowledged there were problems with the current law, and said the agency is helping the two senators craft legislation to refo …"

"… families in the coal fields have known for decades. Coal companies, their lawyers and their hand-picked doctors will go to any length — ethical or not …"

"… other words, will sick miners now get the black lung benefits the federal law was designed to provide to them? In our current political system of legali …"

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.

Excerpts from this story referencing "Politics":

"… ity review of campaign disclosures and data from the Center for Responsive Politics. Meanwhile, Barber, an attorney at Boston-based Looney & Grossman LLP …"

Donor profile: Joe Ricketts

By Reity O'Brien

Quick stats on the biggest financial backers of Election 2012.

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

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

"… pariah nation. At the same time, the administration expanded U.S. Treasury authority to punish those who undermine the nascent political reforms and …"

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

Excerpts from this story referencing "Wisconsin":

"… lkercalendars. Coming Sunday, May 20: Who got access to Walker? …"

"… and scores more hours he spent building credentials with conservatives in Wisconsin and across the nation.The governor granted more interview time to the nati …"

"… eeking comment.Walker’s time with media was tallied using a database the Wisconsin Center for Investigative Journalism created from Walker’s calendars.Kath …"

"… s.Katherine Cramer Walsh, political science professor at the University of Wisconsin-Madison, said the Center’s findings matched her own assessment of Walker …"

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 "Indiana":

"… Club for Growth spent millions in the GOP U.S. Senate primary election in Indiana, where six-term incumbent Sen. Richard Lugar lost to Richard Mourdock, a t …"

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 "Goldman Sachs":

"… on, has collected $175,000 from the industry. Wall Street investment bank Goldman Sachs’ employees have given $670,000 to the super PAC. According to the Center …"

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 "Koch Industries":

"… by America’s largest oil company Exxon Mobil and included the likes of, Koch Industries, Peabody Energy and Southern Co. Energy lobbyists say that the Chambe …"

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 "FMR Corp.":

"… ng to the Center for Responsive Politics. The most generous donor has been FMR Corp., the parent of Fidelity Investments, chipping in at least $97,000 to his c …"

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 "mortgage lender":

"… stleblowers played an important role in allowing corruption to flourish as mortgage lenders and their patrons on Wall Street pumped up loan volume and profits. Codes …"

"… rica Corp., which bought Countrywide in 2008, had fired Eileen Foster, the mortgage lender’s fraud investigations chief, as punishment for finding widespread fraud …"

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

Excerpts from this story referencing "Americans for Prosperity":

"… l meeting hosted by AFP in Washington. …"

"… about five years was Wisconsin state director of the tax-exempt nonprofit Americans for Prosperity. Early in 2010 Block launched Prosperity USA, a charity that shelled out $ …"

"… rally in Chicago which the documents indicate he went to at the behest of Americans for Prosperity. The charity was supposed to be paid $5,000 by AFP for Cain’s speech.The …"

"… Prosperity USA, late last year to meet with Tim Phillips, the president of Americans for Prosperity, and David Koch.Koch’s family controls the nation’s second largest pri …"

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

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

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

Pages