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 "Bank of America":

"… U.S. Senator is questioning the Treasury Department’s decision to award Bank of America Corp. an exclusive contract to provide technology and financial services i …"

"… he practice needs exploration.” The Center first reported Thursday that Bank of America has been paid at least $76.3 million dollars to manage inmates’ accounts …"

"… uirements do not apply to financial agency agreements such as the one with Bank of America,” Grassley wrote. “The Treasury Department’s decision to repeatedly …"

"… Lew, Grassley asks Treasury to detail all payments by Treasury and DOJ to Bank of America or its subcontractors. He also asks Treasury to disclose the 22 amendments …"

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 "JPMorgan Chase":

"… nders. On Wall Street, Bank of America plays a perpetual second fiddle to JPMorgan Chase & Co., the only U.S. bank that holds more assets. A few blocks north, …"

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 "Center for Responsive Politics":

"… ntegrity of analysis of new congressional disclosure reports and Center for Responsive Politics data. Spending by several others remained stagnant. Unlike last year …"

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 "Chris Hamby":

"… gory at a ceremony in New York on Tuesday evening. Named on the award were Chris Hamby and Ronnie Greene, formerly of the Center; CPI’s Jim Morris and Chris Zu …"

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 "Boeing":

"… t groups — including the political action committees of Koch Industries, Boeing and Amgen — threw Cornyn a “campaign kick-off reception” at the Nati …"

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 "North Carolina":

"… ty USA has emerged as a major player in the U.S. Senate races in Arkansas, North Carolina and Kentucky. America Votes was created ahead of the 2004 election by a g …"

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 "PayPal":

"… of the X PRIZE Foundation, is Singularity University's other co-founder. PayPal founder Peter Thiel, who last election cycle contributed $2.6 million …"

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 "Aetna":

"… hird-degree burns. Two days after he was discharged, he got a letter from Aetna telling him that the company didn’t believe his injuries were “suffici …"

"… be there for him if he ever had an emergency. Faraci filed an appeal, but Aetna executives wouldn’t budge. They said in their denial letter that Faraci …"

"… etter that Faraci’s coverage extended only to services and supplies that Aetna — not his doctors or hospital staff — deems medically necessary. Fara …"

"… king Channel 12 to intervene paid off. The independent examiner ruled that Aetna should pay half of Faraci’s hospitalization. Soon after that, Aetna told …"

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 "Court of Appeals":

"… ng Utah Judge Samuel D. McVey and Harris L. Hartz of the 10th U.S. Circuit Court of Appeals. It’s unclear which judges — and how many of them — will be attendi …"

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 "California":

"… of Sacramento. CPR found after analyzing several years of data compiled by California’s insurance department that patients won about half of the appeals they …"

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 "Bank":

"… ut systemically important Banks that reads like a list of talking points. Bank lobbyists were able to point to only one independent academic research tea …"

"… vantage simply by virtue of having that designation. He warned the Senate Banking Committee in a hearing last week that the GAO would be bombarded with s …"

"… ties, we’re aware of the conflicts of interest,” he said. At a Senate Banking Committee hearing last week, Brown urged Evans to be mindful of the sou …"

Sorting out why insurers cancel policies

By Wendell Potter

Commentary: blaming Obamacare masks real motives.

Excerpts from this story referencing "Pennsylvania":

"… . My son Alex — and thousands of other customers of a Blue Cross plan in Pennsylvania — got such a notice four years ago, months before Congress passed the he …"

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?

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

"… subcommittee on the House Financial Services Committee, which oversees the Securities and Exchange Commission. His spokeswoman, Maggie Seidel, did not respond to emails and a phone cal …"

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 "Humana":

"… letter. ------------------------- If you’re wondering why Aetna, Cigna, Humana and UnitedHealth Group, four of the biggest for-profits, are not planning …"

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 "T-Mobile":

"… court records. Matrix advised AT&T Inc. on its failed bid to purchase T-Mobile. And it has consulted with GlyEco, a company that recycles the chemical gl …"

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.

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 "Citigroup":

"… eptable to me." ResCap, Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup settled for $25 billion with the Justice Department over what be …"

OPINION: insurance tricks to avoid ObamaCare's consumer protections

By Wendell Potter

Firms pushing early renewals to avoid ObamaCare protections

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 "Aetna":

"… And we won’t miss those companies that refuse to take part. Believe me. …"

"… urer by the end of the year. State Insurance Commissioner Dave Jones said Aetna’s decision was disappointing because it will reduce competition, but Aet …"

"… tna’s decision was disappointing because it will reduce competition, but Aetna — the third largest insurer nationally — has never been able to muster …"

"… rol about 90 percent of the Golden State’s individual insurance market. Aetna didn’t make a big effort to increase its share of that market because, l …"

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 "JPMorgan Chase":

"… arkey was moving in select company. As a Manhattan-based vice president at JPMorgan Chase & Co.’s Private Wealth Management group, she juggled relationships w …"

"… ent to fighting the flow of dirty money around the world. Over the years, JPMorgan Chase and its corporate forebears have been accused of serving as conduits for m …"

"… untries alike to shelter their wealth tax-free offshore.” Rich history JPMorgan Chase is an amalgam of America’s two most storied banks. Historian Ron Chernow …"

"… . Morgan & Co. and Chase Manhattan Corp. merged in late 2000, creating JPMorgan Chase & Co. In March 2001, a U.S. Senate investigation revealed Chase Manha …"

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

Excerpts from this story referencing "car insurance":

"… o consider another line of work, or at least other lines of business, like car insurance. The health insurance cash cow is about to run dry. …"

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. …"

Adelson gave $40 million to super PACs in final weeks of election

By Michael Beckel and Andrea Fuller

Ninety-one individual donors gave $1 million or more to super PACs in the 2012 election.

Excerpts from this story referencing "daughter-in-law":

"… han also each donated six-figure sums to Democratic super PACs, as did his daughter-in-law Melissa, bringing the family’s total giving to $5.1 million, enough to r …"

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