'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 "political analyst":

"… Duffy, whose district “leans Republican” according to the non-partisan political analyst. Voters will go to the polls Nov. 4. That means their financial benefacto …"

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 "bank":

"… enter for Public Integrity. The Center first reported this month that the banks have exclusive access to the more than 214,000 federal inmates under cont …"

"… . It is unclear how much money JPMorgan has made on the cards because the bank’s compensation comes from fees charged directly to former inmates. A sep …"

"… Comerica bank. Treasury paid Comerica an extra $32.5 million for work the bank had promised to do for free, the audit found. Treasury has spent more tha …"

"… past decade on financial agency agreements often with the same handful of banks, documents show. The Center’s report about federal prisons w …"

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 …"

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 "Federal Election Commission":

"… gston, R-Ga. and Rep. Cory Gardner, R-Colo., according to filings with the Federal Election Commission. Back on Capitol Hill, the Chamber continues to lobby heavily on “criti …"

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 "bank":

"… about $65,000 cash on hand compared to the $3.3 million Cornyn had in the bank as of March 31, the date of his campaign’s most recent FEC filing. Corny …"

Forcing health insurers to do what's right

By Wendell Potter

Commentary: Policyholders benefit from Obamacare provision.

Excerpts from this story referencing "Congress":

"… gain to give a progress report on how Americans have been benefiting since Congress enacted reforms in 2010 that changed the way insurance companies operate. …"

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 "Department of Labor":

"… x filings with the Internal Revenue Service and documents submitted to the Department of Labor do provide some insight into the social welfare nonprofit’s funding. Th …"

"… on between October 2012 and September 2013, according to a filing with the Department of Labor. Other labor unions supporting America Votes include the Service Employee …"

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.

Excerpts from this story referencing "Google":

"… a slew of corporations that are. Its listed "corporate founders" include Google, Cisco, Genentech, Nokia and Autodesk. Google co-founders Larry …"

"… founders" include Google, Cisco, Genentech, Nokia and Autodesk. Google co-founders Larry Page and Sergey Brin have personally associated themselv …"

"… Celgene. Kurzweil, the Singularity University co-founder, today works as Google's engineering director. He's an outspoken believer that technology and hum …"

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 "head":

"… were still unfolding in front of him, the way it will play out inside his head for the rest of his life. “I reached in through the driver’s window t …"

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 "Bloomberg":

"… giant banks perceived to have special protections from their governments. Bloomberg News calculated that an 80 basis point advantage could add up to an $83 bi …"

Sorting out why insurers cancel policies

By Wendell Potter

Commentary: blaming Obamacare masks real motives.

Excerpts from this story referencing "Congress":

"… s plan in Pennsylvania — got such a notice four years ago, months before Congress passed the health reform law. Why? The insurer wanted to move those polic …"

Separating myth from reality on Obamacare

By Wendell Potter

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

Excerpts from this story referencing "insurance":

"… s among the many Americans who in recent weeks received letters from their insurance companies saying that their policies won’t be available next year. Insu …"

"… . It turns out Robert wasn’t willing to just wait. He decided to call an insurance agent and talk to a real live human being about his options for next year. …"

"… icker shock he had been expecting, he will save $1,400 next year on health insurance. The plan he is leaning toward — a top-of-the line “platinum” plan …"

"… it’s likely that more people will get more for their insurance buck next year than less. In addition, most of the people who buy coverag …"

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?

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

"… itics. That includes $39,500 from the PACs sponsored by primary dealers in U.S. Treasury securities, the 21 companies that are designated to buy debt directly from …"

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 "insurance":

"… business, like data management.  …"

"… ober 1, 2014, that law will signify the beginning of the end of the health insurance industry as we know it. As I’ve noted previously, my former CEO at Cign …"

"… ership retreat that what kept him up at night was the fear that big health insurance corporations might someday be viewed as unnecessary middlemen, that their …"

"… lue proposition” would come under scrutiny and found to be wanting. That insurance companies would, to use his term, be disintermediated. That day has arriv …"

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 "bank":

"… Sept. 15, Lehman Brothers Holdings Inc. filed for Chapter 11, the largest bankruptcy in the nation’s history. The move set off a series of dramatic act …"

"… ff a series of dramatic actions in Washington, D.C., and on Wall Street as bankers and regulators sought to avoid a shutdown of the global economy. To mar …"

"… t consumers and sluggish business investment. Many of the top Wall Street bankers who were largely responsible for the disaster — and whose companies e …"

"… ee time between mansions and golf, skiing and tennis. Meantime, the major banks that survived the crisis, largely because they were saved with taxpayer m …"

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 "Deutsche Bank":

"… owerful banks on Wall Street: JPMorgan, Goldman Sachs, Bank of America and Deutsche Bank. The fact they were able to emerge unscathed from a financial crisis that …"

"… attorney didn’t respond to requests for comment.  Renee Calabro, a Deutsche Bank spokeswoman, declined to comment on his current salary. Mayer owns a $3.7 …"

"… 2008 and awarded a nearly identical position. Two years later he jumped to Deutsche Bank, as head of corporate banking and securities in North America. Feds stay …"

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 "insurance":

"… ust not the way they operate. …"

"… he most important consumer protections in the new health care law kick in, insurance industry executives are engaging in a practice they call “prairie doggin …"

"… vulnerable — in response to a commotion made by predators, in this case insurance companies.    I first heard about this several weeks ago. Aetna …"

"… must reflect new regulations that are popular with the public —but that insurance executives worry might squeeze their profit margins.  Starting on tha …"

OPINION: putting big health insurers in their place

By Wendell Potter

New exchanges are better off without the big insurers.

Excerpts from this story referencing "Anthem":

"… hree other insurance companies with a much longer history in the state — Anthem Blue Cross, Blue Shield of California and Kaiser Permanente — collective …"

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.

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

"… ons of dollars in compensation that was not part of the original deal. …"

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'.

Excerpts from this story referencing "health insurance":

"… ical debt as the leading cause of bankruptcies, even among people who have health insurance. That's because a lot of the policies being sold today have such limited b …"

"… the Obama administration pertaining to employers are being interpreted by health insurance benefits consultants as applying only to small businesses that buy coverag …"

"… age will depend on how much money their employers are willing to devote to health insurance. We'll probably never know, but I suspect the language in the law pertain …"

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 "The Washington Post":

"… ical people did not file reports here and there,” a Chase spokesman told The Washington Post at the time. “There was nothing willful about this thing.” Fallen ang …"

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.

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

"… ow employed by. POGO released a related study in 2011. …"