Senators Tim Kaine and Angus King. Both senators were among the seventeen Democratic caucus members who voted in favor of a financial dergulation bill on Tuesday. “This bill wouldn’t be on the path to becoming law without the support of these Democrats,” said Sen. Elizabeth Warren (D-Mass.) following the vote. Photo: flickr
Sens. Elizabeth Warren and Bernie Sanders are not impressed.
President Donald Trump has been waging a war on regulation since he got into office on the ground that government red tape costs the economy billions of dollars a year.
Among the victors in this battle have been energy companies, banks and the president himself, who recently promised he’s “just getting started.” Perhaps the biggest losers, however, have been consumers.
“These changes threaten effective enforcement of civil rights laws and increase the likelihood that people will continue to face discriminatory access and pricing as they navigate their economic lives.”
Mick Mulvaney press conference about President Donald Trump’s budget plan. Screenshot: YouTube
In a move immediately condemned as yet another “shameful” effort by the Trump administration to roll back civil rights and reward big banks, the White House reportedly “stripped” a key Consumer Financial Protection Bureau (CFPB) office of the power to take action against financial firms accused of breaking laws against racist lending practices.
Instead of enforcing anti-discrimination laws and penalizing criminal banks, the CFPB’s Office of Fair Lending and Equal Opportunity will now be focused on “advocacy, coordination, and education,” according to an email sent to bureau employees by White House budget chief Mick Mulvaney, who was installed as the CFPB’s acting director by President Donald Trump over objections of consumer advocates. Continue reading →
Lawmakers were struggling Friday to reach an agreement to keep the government funded ahead of a midnight deadline. (Photo: Mish Sukharev/Flickr/cc)
As President Donald Trump and members of Congress point fingers, blaming opposing political parties for a potential government shutdown, the public has spoken. A Washington Post/ABC poll finds that a most Americans would blame Republicans and the president should Congress fail to reach an agreement to keep the government funded by midnight on Friday.
Forty-eight percent of those polled in the survey of more than 1,000 people said they would hold the GOP responsible, while 28 percent said they would blame Democrats. Eighteen percent said both parties would be equally to blame. Continue reading →
After Azar suggested he supports block granting Medicaid as a “concept to look at” but refused to say whether he would move in that direction if confirmed, Warren said, “Mr. Azar, you can own up to the fact that you want to cut Medicaid and gut the Affordable Care Act, like every other member of the Trump administration.”
After “bigotry and hatred were defeated at the polls” in Alabama on Tuesday, progressives turned their sights toward defeating the GOP’s attempt to deliver a trillion-dollar tax cut to the wealthy, demanding that Senate Majority Leader Mitch McConnell (R-Ky.) “immediately” seat newly elected Sen. Doug Jones before a final vote on the Republican tax bill.
Frank Clemente, executive director of Americans for Tax Fairness (ATF), said in a statement late Tuesday that Jones’s victory represents a repudiation of “the Trump-GOP agenda” and implored Republicans to “re-evaluate their support for the monstrous tax bill that will rip healthcare away from millions while raising taxes on middle class families.” Continue reading →
“Ajit Pai may be owned by Verizon, but he has to answer to Congress, and lawmakers have to answer to us, their constituents,” said Evan Greer, campaign director of Fight for the Future. (Photo: Battle for the Net)
This is the free speech fight of our generation and internet users are pissed off and paying attention,” Evan Greer, campaign director of Fight for the Future, said in a statement. “Ajit Pai may be owned by Verizon, but he has to answer to Congress, and lawmakers have to answer to us, their constituents.” Continue reading →
Trump said Friday that OMB director Mick Mulvaney, seen here in 2013, would serve as acting director of the CFPB. Critics, however, say that’s not lawful, as it should be the individual named by outgoing director Richard Cordray—Leandra English. (Photo: Gage Skidmore/Flickr/cc)
A battle appears to be brewing between the White House and the Consumer Finance Protection Bureau (CFPB), with each having named a different individual to serve as acting director of the agency, and President Donald Trump’s appointment denounced as “legally dubious.”
The showdown gained steam on Friday afternoon when Richard Cordray, who had been leading the CFPB since its inception, tendered his expected resignation, saying he was leaving at the end of the day. Another key event that day was the CFPB naming Leandra English as deputy director of the agency. She had been serving as the agency’s chief of staff. Continue reading →
Vice President Mike Pence presiding over the Senate on Capitol Hill in Washington, Tuesday, Feb. 7, 2017, during the Senate’s vote on Education Secretary-designate Betsy DeVos. On Tuesday night, Pence returned to the chamber again to a break another tie. This time it was to make sure it’s easier in the future for financial service companies and other Wall Street darlies to make it easier to rip-off consumers. (Photo: Senate Television)
While in the end it was two Republicans, Sens. Lindsey Graham of South Carolina and John Kennedy of Louisiana, who joined with Democrats and the Senate’s two Independents in voting against the resolution, Pence broke the 50-50 tie in order to scrap the rule. Continue reading →
Progressive groups and senators rallied outside the Capitol Building in Washington, D.C. on Tuesday to protest GOP attacks on the national healthcare system. (Photo: PFAW/@peoplefor/Twitter)
Progressive groups and lawmakers continued to mobilize on Tuesday in response to Republicans’ last-ditch attempt to cut off millions of Americans from healthcare by dismantling the Affordable Care Act (ACA).
Following “red alerts” issued after weekend reports revealed Senate Majority Leader Mitch McConnell is considering a vote for a new bill crafted by Sens. Lindsey Graham (R-S.C.) and Bill Cassidy (R-La.) that’s been called “Trumpcare by another name,” several groups planned a Tuesday afternoon rally at the Capitol Building in Washington, D.C. Continue reading →