Tag Archives: Revolving Door Project

With Overdraft Fee Crackdown, ‘CFPB Is Doing What It Was Designed to Do’

“The CFPB is proposing clear, enforceable rules that will reduce overdraft fees and save Americans billions, closing another lucrative regulatory loophole banks use to prey on consumers,” said one advocate.

By Brett Wilkins. Published 1-17-2024 by Common Dreams

Consumer Financial Protection Bureau Director Rohit Chopra testified on a semi-annual report of his agency before the House Financial Services Committee on Nov 29, 2023. Screenshot: C-SPAN

In a move cheered by progressive advocates, the U.S. Consumer Financial Protection Bureau on Wednesday proposed a new rule limiting how the nation’s biggest banks can charge overdraft fees.

The CFPB said its proposal “would close an outdated loophole that exempts overdraft lending services from long-standing provisions of the Truth in Lending Act and other consumer financial protection laws.”

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In ‘Toothless PR Stunt,’ Supreme Court Publishes Ethics Code With No Enforcement Mechanisms

“This unenforceable public relations document serves absolutely no purpose other than to permit the media to revert to pretending that our unaccountable and unethical Supreme Court retains legitimacy,” one advocate said.

By Olivia Rosane. Published 11-13-2023 by Common Dreams

Photo: Collection of the Supreme Court of the United States

In the wake of a series of high-profile scandals surrounding the relationship between right-wing justices and billionaires, the U.S. Supreme Court announced on Monday that it had formally adopted a new Code of Conduct.

The 14-page code is based on requirements for lower court judges, and most of the rules it outlines are not new, the court said. Watchdog groups have been widely critical of the new document, which does not stipulate how the conduct it promotes will be enforced, with the Revolving Door Project labeling it a “toothless PR stunt.”

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Watchdog Argues Obama Admin’s Cave on White Supremacy Helped Pave Way for Jacksonville Shooting

“We must not be fooled into treating each massacre as its own tragedy,” said one civil rights advocate. “The tragedy first lies in the unchecked proliferation of the violent racist ideology coupled with the unchecked access to weapons of war.”

By Julia Conley. Published 8-30-2023 by Common Dreams

Neo-Nazis demonstrating outside a Turning Point USA conference in Tampa on July 23, 2022. Photo: @Freeyourmindkid/Twitter

As the community of Jacksonville, Florida reeled from the killing of three Black Americans by a white supremacist at a Dollar General store last Saturday, a government watchdog said that the “lion’s share” of blame for the proliferation of racist, white nationalist violence in the U.S. can be placed on Republican politicians including Florida Gov. Ron DeSantis and former President Donald Trump—but noted that the Obama administration helped allow white supremacy to fester by caving to the GOP at a crucial moment more than a decade ago.

Chris Lewis, a senior researcher at the Revolving Door Projectpointed to the Democratic administration’s response when Republican lawmakers complained about a Department of Homeland Security (DHS) report in 2009 that warned of the growth of right-wing extremism, including the white supremacist movement, and the danger it posed to communities across the United States.

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Memo Exposes Renewable Energy Trade Group’s Close Ties to Fossil Fuel Industry

“Despite its name, American Clean Power is yet another fossil fuel lobbying group trying to trick people into believing its greenwashing,” said one campaigner. “Any political leader who claims to care about the planet’s future should shun this organization.”

By Kenny Stancil. Published 4-20-2023 by Common Dreams

​American Clean Power CEO Jason Grumet and Rep. John Curtis (R-UT) at Clean Power on the Hill on April 18 2023. Photo: ​American Clean Power/Twitter

The American Clean Power Association has been billed as “the nation’s top renewable energy trade group,” but lurking beneath its green luster is a dirty reality.

That’s according to the Revolving Door Project, which published a memo on Thursday to expose what is calls ACP’s “close ties to the fossil fuel industry and an ‘all of the above’ energy agenda that allows for massive new fossil fuel development and environmental damage, as long as clean energy also benefits.”

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Supreme Court Gives Biden DOJ a Chance to Prove Its Commitment to Climate Justice

“Doubling down on the department’s Trump-era support of Big Oil would constitute a betrayal,” said one climate organization.

By Jake Johnson  Published 10=3-2022 by Common Dreams

Attorney General Merrick Garland. Screenshot: CNBC

The U.S. Supreme Court on Monday invited the Biden Justice Department to offer its position on a hugely consequential case in which oil giants are attempting to move climate liability lawsuits from state to federal courts, where they believe they would be more likely to prevail against efforts to make them pay for damaging the environment.

In Suncor Energy Inc. v. Board of County Commissioners of Boulder County, Suncor and ExxonMobil are urging the conservative-dominated Supreme Court to intervene after the 10th Circuit Court of Appeals rejected the fossil fuel companies’ argument that such climate liability cases belong in federal court. Continue reading

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House Dems Unveil Bill to Stop Wall Street From Destroying the Planet

“The Federal Reserve’s role is not to surrender our planet to corporate polluters and shepherd our financial system to its destruction,” said Rep. Rashida Tlaib, among the Democrats urging the Fed to end fossil fuel financing.

By Kenny Stancil, staff writer for Common Dreams.  Published 9-15-2021

The Marathon Oil refinery in St. Paul Park, MN. Photo: Tony Webster/Wikimedia/CC

Progressives on Wednesday applauded Democratic Reps. Mondaire Jones, Ayanna Pressley, and Rashida Tlaib for unveiling a bill that would prevent Wall Street from continuing to bankroll fossil fuels, the primary driver of the climate emergency.

The Fossil Free Finance Act (pdf) would require the Federal Reserve to mandate, via regulation or guidance, that all banks and other financial insitutions with more than $50 billion in assets phase out the funding of coal, oil, and gas extraction as well as industries linked to deforestation, in accordance with science-based targets for slashing carbon pollution. Continue reading

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A Memo to the GOP, Wall Street, Joe Biden, and All Democrats: ‘No, Mitch McConnell Is Not the 46th President’

“President Biden will be under no obligation to hand Mitch McConnell the keys to his Cabinet,” progressive groups argue.

By Jon Queally, staff writer for Common Dreams. Published 11-8-2020

Mitch McConnell. Photo: Gage Skidmore/flickr

A pair of progressive advocacy groups is pushing back hard against an emerging narrative that President-elect Joe Biden—declared the projected winner of the 2020 presidential race on Saturday—should submit in any way to the authority of Senator Majority Leader Mitch McConnell, assuming Republicans retain control of the Senate, when it comes to picking a cabinet or setting legislative priorities heading into 2021.

In a detailed joint memo (pdf) issued Friday that followed reporting from news outlets, including Axios, that suggested that Biden will be forced to accommodate McConnell as he selects top appointments during the transition period and upon taking office in January, government watchdog groups Demand Progress and the Revolving Door Project argued that this would be a deeply misguided direction to go—one that would have disastrous consequences for the new administration and the Democratic Party as a whole. Continue reading

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