Prison banker cuts fees after Center report

By Daniel Wagner

A prison financial services company cut the fees it charges inmates' families after Center report on high costs.

Excerpts from this story referencing "Florida":

"… t funds sent by mail but most offer money order deposits as a free option. Florida, an outlier, charges its own processing fee for money order deposits. Befo …"

"… with Kansas to eliminate the fee for money order deposits in that state. Florida also charges a 50 cent fee for money order deposits, according to the stat …"

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 "cent":

"… ” of the contracts with Bank of America and JPMorgan “in response to recent media reports concerning the selection of and high fees charged by these t …"

"… counts hold the money inmates earn from prison jobs paying as little as 12 cents an hour and supplemental funds sent by family and friends. Inmates u …"

"… ow JPay Inc., a Miami-based technology company, has gained access to 70 percent of U.S. offenders and holds a monopoly on transferring money into prisons …"

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 "Law":

"… n, said Kathleen Clark, a professor at the Washington University School of Law who studies government ethics. Treasury’s broad use of its authority pre …"

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 "New Haven":

"… n Clarence Justin Aldred was released from Macomb Correctional Facility in New Haven, Michigan, in July 2013, he left with the balance of his inmate account, w …"

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 "Bank of America":

"… The second part, which will run Thursday, focuses on no-bid deals between Bank of America and JPMorgan Chase & Co. and the U.S. Treasury, under which they provi …"

"… ro has called “the mother ship of all contracts,” which is now held by Bank of America. It spent $20,000 in 2012 to hire Park Strategies, run by former U.S. Sen …"

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.

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 "Center for Responsive Politics":

"… ted almost $248 million to political campaigns, according to data from the Center for Responsive Politics, more than any industry. While most of these proposals probably don’t h …"

Congressman defends payday lending industry

By Daniel Wagner

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

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 "Mike Enzi":

"… this Friday only in hard copy. Among them: Sens. Chuck Grassley, R-Iowa; Mike Enzi, R-Wyo.; and Mark Udall, D-Colo. “Sen. Grassley is not comfortable fili …"

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 "Washington":

"… to the board in May. He ended the contract just weeks before he arrived in Washington to be sworn in on Aug. 23. Ethics watchdogs question whether someone with …"

"… says Kathleen Clark, an expert in government ethics and professor at Washington University School of Law.  It’s a common problem when regulators ar …"

"… til earlier that month. Bill Cheney, the industry’s top lobbyist in Washington, was a director of the two credit unions whose losses after the financial …"

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.

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 "Laura Ricketts":

"… t all of the Ricketts clan is dissatisfied with the Obama administration. Laura Ricketts — the family’s openly gay daughter and Cubs co-owner who launched a pr …"

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 "International Atomic Energy Agency":

"… er its military ties with Pyongyang and to step up its engagement with the International Atomic Energy Agency to allay any lingering concerns it may have sought nuclear weapons, possib …"

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.

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 "North Carolina":

"… 30 full scholarships for students at Duke University and the University of North Carolina at Chapel Hill, his alma mater. Of more than $3 million in federal contri …"

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

Excerpts from this story referencing "Alabama":

"… tunity to present the facts and set the record straight.” …"

"… d radio ad, Bachus is touted as the “the most conservative member of the Alabama delegation” and as “leading the fight to cut federal spending, reduce …"

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

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

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 "Washington Mutual":

"… hed for trying to fight fraud worked at giant firms such as Wells Fargo or Washington Mutual (WaMu). Others worked at smaller lenders that joined the rush to sell home …"

"… owers as being among the chief culprits.In congressional testimony, former Washington Mutual chief executive Kerry Killinger blamed borrowers for misleading WaMu about …"

"… ocess.A two-year U.S. Senate investigation found that senior management at Washington Mutual ignored clear evidence that bank employees were engaging in fraud.In a rep …"

"… he nation’s largest commercial bank, others were raising questions about Washington Mutual, the nation’s largest savings and loan.One of them was Theresa Hagman, a …"

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 "campaign finance laws":

"… to Mark Bloch were nurtured.Block has had legal problems before involving campaign finance laws. In 1997 he chaired the victorious Wisconsin campaign for state Supreme Co …"

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 "Subhash Chandra Agrawal":

"… ance,” said a note from the RTI, obtained by Delhi-based social activist Subhash Chandra Agrawal.“Some delays have happened but the signs will soon come on both cigarett …"

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

Excerpts from this story referencing "health information technology":

"… o quarters. …"

"… eveals that 85 of  the largest 100 health IT firms did no lobbying on health information technology issues during that time period. Of those 85 listed in Healthcare Info …"

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

Excerpts from this story referencing "Myanmar":

"… officials have not shown adequate monitoring of cyclone relief efforts in Myanmar, according to a recent audit ordered by Congress – oversight deemed nece …"

"… ht deemed necessary to ensure aid monies are not touched by the repressive Myanmar government and military.On May 2, 2008, Cyclone Nargis struck Myanmar’s …"

"… sive Myanmar government and military.On May 2, 2008, Cyclone Nargis struck Myanmar’s Irrawaddy Delta leaving 140,000 people dead or missing. Millions of ot …"

"… y affected. Initially, international relief efforts were restricted by the Myanmar government, which said the disaster could be handled internally. Later, ho …"

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

By Shirley Gao

Financial Stability Oversight Council tells Congress markets are still vulnerable