'Banking Caucus' member aims for Senate

By Alison Fitzgerald

Republican candidate for Senate U.S. Rep. Shelley Moore Capito defends little banks but big banks benefit too.

Excerpts from this story referencing "Wells Fargo":

"… The employees and political action committees of Citigroup, Goldman Sachs, Wells Fargo and Bank of New York Mellon are among the top 20 donors to Capito’s Sena …"

"… r lending and finance companies, is married to a banker who has worked for Wells Fargo and Citigroup. “One characteristic of her bills is that they do include …"

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 "Department of Justice":

"… ses. Treasury says the payments to Bank of America were reimbursed by the Department of Justice, the Bureau of Prisons’ parent agency. JPMorgan issues debit cards to i …"

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 "Department of Justice":

"… r this fall’s election. Prisons account for more than one-fourth of the Department of Justice’s discretionary budget through fiscal 2018, Grassley said, so “we must …"

"… d the department had received Sen. Grassley's letter and will respond. The Department of Justice did not respond to a request for comment. In the letter, which was a …"

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 "Government Accountability Office":

"… e of this power has drawn criticism from lawmakers, auditors with the Government Accountability Office, federal appeals court judges and the department’s own inspector general …"

"… nefits like Social Security, calling it “arbitrary.” And in 2008, the Government Accountability Office said a deal with JPMorgan to provide stored value cards on Navy …"

Lobbying activity declines among top special interests

By Dave Levinthal

Three-fifths of nation's top 100 lobbying entities spent less on influence in the second quarter compared to a year ago.

Excerpts from this story referencing "Thad Cochran":

"… ciaries so far include Senate Minority Leader Mitch McConnell, R-Ky.; Sen. Thad Cochran, R-Miss.; Rep. Jack Kingston, R-Ga. and Rep. Cory Gardner, R-Colo., accord …"

CPI-ABC black lung series wins Loeb award

A CPI-ABC News investigation of the flawed federal benefits system for miners with black lung on Tuesday won a Gerald Loeb award.

Excerpts from this story referencing "New York":

"… d,” was honored in the investigative reporting category at a ceremony in New York on Tuesday evening. Named on the award were Chris Hamby and Ronnie Greene, …"

"… ther news organizations honored include the Tampa Bay Times, the New York Times, the Huffington Post and Bloomberg. Congratulations to al …"

How lobbyists helped build John Cornyn’s election war chest

By Michael Beckel

Lobbyists’ role in Senate GOP whip's campaign helped him avoid, in his own words, a “fair fight.”

Excerpts from this story referencing "BP":

"… ck lobbies for dozens of clients, including major companies such as Apple, BP, Coca-Cola, Ford and JPMorgan Chase, as well as trade associations such as …"

Forcing health insurers to do what's right

By Wendell Potter

Commentary: Policyholders benefit from Obamacare provision.

Excerpts from this story referencing "insurance":

"… eir health insurance payments. …"

"… een benefiting since Congress enacted reforms in 2010 that changed the way insurance companies operate. Among the practices I brought to the panel’s attenti …"

"… ed to explore the issue further. After examining years of reports filed by insurance companies, the committee found that, as Rockefeller said Wednesday, “man …"

"… found that, as Rockefeller said Wednesday, “many of the policies health insurance companies were selling to families and businesses were just not a good val …"

Who’s bankrolling secretive liberal group America Votes?

By Michael Beckel

A dozen anonymous donors accounted for most of the $12.7 million America Votes raised during its last fiscal year.

Excerpts from this story referencing "Harold Ickes":

"… founder Ellen Malcolm, former Sierra Club Executive Director Carl Pope and Harold Ickes, a longtime adviser to Bill and Hillary Clinton. The organization facilit …"

Tech super PAC startups could tap billions

By Dave Levinthal

A for-profit university co-founded by noted futurist Ray Kurzweil is mulling whether to spend big on political campaigns.

Keeping an eye on insurance companies that refuse to pay claims

By Wendell Potter

Commentary: Arizona case resolved after victim became a 'squeaky wheel'

Excerpts from this story referencing "insurance":

"… dly, not at all shocked. It was just the most recent example of how health insurance bureaucrats insert themselves between patients and their doctors, all too …"

"… a health-care nightmare. His case is an example of what can happen when an insurance company decided to question the administration of care provided by doctors …"

"… d to be denied coverage. He assumed that because he paid the premiums, his insurance company would be there for him if he ever had an emergency. Faraci filed …"

"… ” adding that Faraci would be responsible only for his deductible and co-insurance. As a former insurance company PR guy who used to deal with reporters whe …"

Koch brothers, major corporations sponsor pension reform seminar for judges

By Chris Young

Judges who may decide fates of public pension reform disputes to attend seminar sponsored by pro-business interests.

Excerpts from this story referencing "Illinois":

"… enges. In some states and cities, reforms have already reached the courts. Illinois, for example, passed legislation in late 2013 that cut retirement benefits …"

"… ince filed several lawsuits, claiming that the pension changes violate the Illinois Constitution, which explicitly states that contractual pension benefits …"

"… nsion benefits “shall not be diminished or impaired.” Now the fate of Illinois’ pension reform efforts rests in the hands of the courts. How they rule …"

"… f the courts. How they rule could have nationwide implications. “If the Illinois Supreme Court says that what the Illinois legislature did is constitutiona …"

Be the 'squeaky wheel' if health claim denied

By Wendell Potter

Commentary: Obamacare may squeeze insurance industry profits, subscribers should know their rights when it comes to claim denials.

Excerpts from this story referencing "Congress":

"… ions off of us every year. Obamacare won’t change that. In fact, because Congress succumbed to pressure from the industry’s lobbyists and ditched plans to …"

"… their state insurance departments or their state legislators or members of Congress — or even the media. That enhances the chances their insurers will agree …"

Banks seek to sway critical GAO report

By Alison Fitzgerald

Big banks say new regulation is unnecessary thanks to Dodd Frank reforms.

Excerpts from this story referencing "big bank":

"… study, the second of two related reports, is due out later this year. The big banks and their lobbyists have been building an arsenal of reports and academic …"

"… al institutions and that there is no need for further regulation. But the big banks will have a rough time arguing that they receive no market subsidy. Majo …"

"… he pokes holes in the major studies that have found a market advantage for big banks caused by the implied government guarantee. Araten, who now runs a c …"

"… Massachusetts Institute for Technology who advocates breaking up the big banks, argues that banks labeled as systemically important have a market advant …"

Sorting out why insurers cancel policies

By Wendell Potter

Commentary: blaming Obamacare masks real motives.

Separating myth from reality on Obamacare

By Wendell Potter

Commentary: media scare stories, website snafus obscure opportunities to save.

Wall Street favorite Rep. Garrett flirts with default

By Alison Fitzgerald

Will investment firms that deal in U.S. Treasury securities regret their support of GOP congressmen who are flirting with default?

Beginning of the end for major health insurers

By Wendell Potter

Kickoff of new law will expose irrelevance of big insurers.

Excerpts from this story referencing "Medicare":

"… Potter column, or Center for Public Integrity investigation on ObamaCare, Medicare, and public health.  Sign up now to receive our Health newsletter. -- …"

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 "Goldman Sachs":

"… rvivors — Jamie Dimon of JPMorgan Chase & Co. and Lloyd Blankfein of Goldman Sachs — have only consolidated their power as they alternate between being see …"

"… e in 2004 after they sold their previous Greenwich home to Robert Steel, a Goldman Sachs executive who became undersecretary of the Treasury in 2006 under Henry Pa …"

"… mie Dimon and Lloyd Blankfein, the leaders of JPMorgan Chase & Co. and Goldman Sachs Group Inc., today stand atop the global financial system, their banks bigg …"

"… is reputation plummeted to its lowest point in 2010 after revelations that Goldman Sachs packaged and sold mortgage securities that appeared designed to fail, and …"

American fugitive used big banks to shuffle more than $1 million offshore, records show

By Ronny Rojas

Records show more than $1M through offshore accounts.

Excerpts from this story referencing "Bank":

"… e world through accounts at JPMorgan Chase & Co. and Australia’s ANZ Bank, confidential records show. State and federal authorities in the U.S. cla …"

"… The records show that in May 2005, for example, Anthony Cicalese asked ANZ Bank to transfer $300,000 to a Bank account linked to a company in Panama. “W …"

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 "Wells Fargo":

"… re entirely unacceptable to me." ResCap, Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup settled for $25 billion with the Justice Departme …"

OPINION: insurance tricks to avoid ObamaCare's consumer protections

By Wendell Potter

Firms pushing early renewals to avoid ObamaCare protections

Excerpts from this story referencing "Medicare":

"… ’t miss a single Center for Public Integrity investigation on ObamaCare, Medicare, and public health.  Sign up now to receive our Health newsletter. -- …"

OPINION: putting big health insurers in their place

By Wendell Potter

New exchanges are better off without the big insurers.

IMPACT: Treasury to open Comerica deal to new bids after CPI report

By Daniel Wagner

Multimillion-dollar government deal with Comerica will be re-bid in 2015 after reports of lack of transparency and competition.

Soros charitable foundation sometimes leans right

By Adam Wollner

Liberal political benefactor's charitable foundation sometimes donates to socially conservative organizations.

OPINION: a cynical search for loopholes

By Wendell Potter

Insurers find ways to avoid 'essential benefits'.

JPMorgan Chase’s record highlights doubts about big banks’ devotion to fighting flow of dirty money

By Michael Hudson

JPMorgan Chase’s record highlights doubts about devotion to fighting flow of dirty money

Excerpts from this story referencing "Citigroup":

"… of suspect cash. Last year U.S. authorities reached settlements with HSBC, Citigroup and UK-headquartered Standard Chartered Bank over alleged money-laundering …"

OPINION: reform will help level premium costs

By Wendell Potter

Act prohibits insurers from charging one person more than triple the amount for insurance as another person for the same policy.

OPINION: Health insurance 'producers' about to be on life support

By Wendell Potter

Health insurance 'producers' help raise the cost of insurance plans

Report: Hundreds of former SEC employees representing clients before agency

By Dave Levinthal

Report: Hundreds of former agency employees representing private clients before body.

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