The Consumer Financial Protection Bureau (CFPB) has scheduled a June 2 hearing on small-dollar lending, and is expected to release its long-awaited proposal on payday loans at the event. The field hearing will be held in Kansas City, Mo., and feature remarks by CFPB Director Richard Cordray as well as
WASHINGTON (MEDIA GENERAL) – Merrick Garland trudged up Capitol Hill again Thursday to greet senators and promote his stalled Supreme Court nomination. The dutiful nominee’s affability never faltered, despite knowing that media would largely ignore his milestone to, instead, explore the colorful tweets of Donald Trump’s 11 proposed nominees. Thursday marked Garland’s 50th
Development: Google announces ban, effective July 13, on advertisements for payday loans. Takeaway: Google’s new policy is one of several efforts to combat credit products seen as harmful to consumers, including a soon-to-be-released CFPB rule addressing payday lenders. May 11 (BNA) — Google Inc. will no longer allow advertisements for
The U.S. Senate passed a bill today that paves the way for a new tribal village at The Dalles Dam. The Senate’s Energy and Water Appropriations bill directs the U.S. Army Corps of Engineers to plan a new village for tribal fishing crews who lost their homes when the dam
The U.S. Senate passed a $37.5 billion energy and water spending bill that would provide funds for a private-sector nuclear waste storage program, aid extensions of nuclear plant licenses and finance research on wind energy. The measure, passed 90-8 Thursday, would increase spending by $355 million over the current fiscal
The Federal Reserve System is one of the most important institutions in the entire American government. Its composition is also almost shockingly non-diverse, with zero African Americans or Latinos serving on the key panel whose decisions impact job creation and the pace of economic growth, despite fairly overwhelming evidence that
NEWARK, N.J. — Oregon’s Sen. Jeff Merkley and four other Senate Democrats are asking federal regulators to do more to cut air pollution around port cities and railyards. New Jersey Sens. Bob Menendez and Cory Booker, New York Sen. Kirsten Gillibrand and Illinois Sen. Dick Durbin joined Merkley on Wednesday
Oregon’s two U.S. senators stumped for plans Wednesday to cap prescription drug costs for seniors and renewed the call for Medicare to negotiate drug prices, a longtime Democratic priority that has been endorsed by all three remaining major presidential candidates. “These prescription drug costs are just clobbering people, especially the
Key Development: Sen. Jeff Merkley (D-Ore.) asks federal financial regulators whether large losses by Credit Suisse Group AG in distressed holdings might show whether the firm violated the Volcker Rule. A prominent Senate Banking Committee member is asking federal financial regulators whether large losses by Credit Suisse Group AG in
WASHINGTON – Sen. Jeff Merkley D-Ore., released the following statement Thursday after the U.S. Department of Health and Human Services announced that the Food and Drug Administration’s tobacco deeming rule was finalized and will now go into effect: “The tobacco regulation rule announced today by the FDA is a critical milestone for public
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