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The Consumer Finance Protection Bureau (CFPB) recently issued several try-at-home remedies to aid in the struggle against unruly debt collection firms. In a blog post, they introduced:
Blog
Jack Grauer
Yesterday Senators Warren, King, McCain, and Cantwell introduced the 21st Century Glass-Steagall Act of 2013 which would rebuild the firewall between commercial and investment banks that existed from the days of FDR's first term following the great crash until 1999 at the height of bipartisan
Blog
Alex Amend
This morning, several media outlets rushed to report that Commodity Futures Trading Commission Chairman Gary Gensler had lost his battle to secure robust rules governing the international exercise of the Commission’s jurisdiction to govern derivatives.
Blog
Wallace C. Turbeville
Low-wage workers at the Smithsonian Institution in Washington, D.C. went on strike today. The striking workers are employed through private federal contractors—mostly vendors at federal buildings like the Smithsonian Museums, the Ronald Reagan Building and the International Trade Center. Although
In the media
Jeff Schuhrke
The question of student loans is taking on an increasing urgency everywhere but Washington. Rates on federally subsidized loans doubled to almost 7% on July 1, thanks to Congressional bickering and dithering. The latest attempt to roll back the rates failed to get out of the Senate earlier this week
In the media
Helaine Olen
Three years ago, Antonio Vanegas took a job at a pita shop inside the food court at the Ronald Reagan Building and International Trade Center in D.C.
In the media
Dave Jamieson
For young people who look to the monthly jobs numbers for signs of hope for their future, the good news is in: that part-time, low-pay, no-benefits wait staffing job you always wanted is available for the summer.
Blog
Catherine Ruetschlin
Members of Congress are calling on the government to get out in front of the growing income gap by addressing the low wages paid within its own buildings. In a July 2 letter to President Barack Obama, 17 House Democrats said the government needs to take action toward the fair treatment and decent
In the media
Cogan Schneier
States used to have the authority to enforce usury laws, capping the excessive interest rates of any lender interested in transacting business with their citizens. Although usury laws are still on the books in some states across the country, when it comes to credit cards they are rendered useless by
Blog
Amy Traub
New Jersey Senate heard arguments last week for legislation that would ban the exclusion of formerly incarcerated people from applying for jobs on the sole basis of their records. Part of the Opportunity to Compete Act in NJ, “ ban the box” proposals like this one refer to the box convicted felons
Blog
Jack Grauer