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 "Senate":

"… edom of Information Act request. Grassley is the senior Republican on the Senate Judiciary Committee, which oversees the Justice Department. He could becom …"

"… uld become chairman of the committee if Republicans gain a majority in the Senate after this fall’s election. The audit may expand to encompass other fin …"

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 "Senate":

"… s significant questions.” Grassley is the senior Republican on the Senate Judiciary Committee, which oversees the Justice Department. He could becom …"

"… uld become chairman of the committee if Republicans gain a majority in the Senate after this fall’s election. Prisons account for more than one-fourth of …"

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 "Washington":

"… using the money for campaign donations. The company also sought to lobby Washington for access to the federal Bureau of Prisons’ 216,000 inmates — what Sh …"

"… State Bank Supervisors, a trade group that represents these regulators in Washington. “State banking regulators are concerned with ensuring that businesses …"

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 "bank":

"… hoice: Many consumers who choose to use a prepaid card, often instead of a bank account, can shop around for the least costly option. Released inmates lik …"

"… against fraud, said Marty E. Moore, a Utah-based lawyer who represented a bank that issued prepaid cards given to inmates at Ramsey County Law Enforcemen …"

"… cording to former Ramsey County inmates who last year sued the county, the bank and Keefe Commissary Network, which provides the cards to the jail.   …"

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 "bank":

"… orm law for failing to eliminate “too big to fail,” the situation when banks are so large that their failure would destabilize the U.S. financial syst …"

"… blessing of a Democratic Congress, created a $700 billion fund to bail out banks and other financial firms that were teetering on the brink of collapse. T …"

"… ers. Under the new rules, the Federal Reserve has the power to break up a bank if it doesn't believe it can go bankrupt or be wound down without harming …"

"… l Reserve has the power to break up a bank if it doesn't believe it can go bankrupt or be wound down without harming the overall financial system, said Al …"

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 "Senate":

"… o the House Financial Services Committee and three have been passed to the Senate. Most measures will stall upon reaching the Senate Banking Committee, whi …"

"… ave been passed to the Senate. Most measures will stall upon reaching the Senate Banking Committee, which supports Dodd-Frank. The Consumer Financial Prot …"

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.

Excerpts from this story referencing "Oregon":

"… ied on financial support from credit unions over more than a decade in the Oregon state Senate and pushed pro-industry policies while in office. He worked a …"

"… directly from his swearing-in ceremony in August to a party thrown by the Oregon lobbyists who had supported his political career. Agency ethics lawyers ap …"

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 "Claire McCaskill":

"… n.; Kirsten Gillibrand, D-N.Y.; Angus King, I-Maine; Patrick Leahy, D-Vt.; Claire McCaskill, D-Mo.; Jack Reed, D-R.I.; Bernie Sanders, I-Vt.; Chuck Schumer, D-N.Y.; E …"

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 "advocate":

"… called Credit Union House. It drew a tightknit group of business leaders, advocates, and regulators — the most powerful people in a financial industry that …"

"… the seeds of the next big taxpayer bailout. “This is a person who is an advocate for the credit union industry, and he is now in charge of monitoring the c …"

"… union industry,” says Craig Holman, a lobbyist for Public Citizen, which advocates for transparency in elections and government. “It will be difficult for …"

"… ould follow if the facts warrant it, she said. Big business Credit union advocates work hard to cultivate the industry’s image as quaint and community ori …"

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 "chemical industry":

"… munications, pharmaceuticals, financial services, health insurance and the chemical industry, have more often than not succeeded in using their political clout and fin …"

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

Excerpts from this story referencing "spokesman":

"… the Myanma Oil and Gas Enterprise. National Security Council spokesman Tommy Vietor said the country's oil company merited closer oversight than …"

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 "Goldwater Institute":

"… sin Gov. Scott Walker gave the keynote address at the annual dinner of the Goldwater Institute, a conservative think tank in Phoenix with ties to the powerful, corporate …"

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 "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 "Aetna":

"… backed healthcare reforms, $86 million was raised from insurers, including Aetna, Cigna, Humana, United Healthcare and Wellpoint, for the Chamber’s expen …"

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 "Senate race":

"… er for the senator that drew about a dozen other lobbyists. “There is no Senate race that more clearly reflects the choice for the future direction of the coun …"

"… breakfast fundraiser for Brown at New York’s tony Lever House.In his two Senate races, Brown’s top five contributors included four financial giants: Fidelity …"

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 "finance industry workers":

"… histleblower advocates say weak federal and state laws also helped prevent finance industry workers from being heard. Congress passed tougher laws in the wake of the financia …"

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 "Tobacco":

"… rheads anti-Tobacco advocacy in India for the global Framework Alliance on Tobacco Control.“Bidi makers are using old Tobacco industry tactics to defend th …"

"… Deepak Talwar, the Tobacco lobbyist who once represented British American Tobacco and Japan Tobacco International, also has helped him become a big player i …"

"… e Tobacco lobbyist who once represented British American Tobacco and Japan Tobacco International, also has helped him become a big player in the duty-free sp …"

"… than five million bidis a year,” says Udayan Lall of the New Delhi-based Tobacco Institute of India. Cigarette taxes currently account for less than 40 per …"

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

Excerpts from this story referencing "Car-title loans":

"… r protection advocates have long raised concerns about this kind of credit.Car-title loans, which are now regulated differently in each U.S. state, are on the list o …"

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