Consumer Advocates Applaud New State Authority Over Credit Bureaus

New federal rule allows states to take on abusive credit reporting practices. The consumer advocates at the National Consumer Law Center (NCLC) are cheering a new rule issued by the Consumer Financial Protection Bureau (CFPB) that will allow states to take action to protect citizens from abusive practices by credit reporting agencies (Experian, Equifax, TransUnion).
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Effort to push back on federal overreach upheld by US Supreme Court

CHEYENNE, WYOMING — Governor Mark Gordon has issued the following statement following the US Supreme Court’s decision in West Virginia v EPA. Wyoming was a party to this lawsuit. The Court ruled that the Environmental Protection Agency cannot pass sweeping regulations that could overhaul entire industries without additional...
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W.H. staff diversity and salaries are unchanged after one year

The White House staff has shrunk significantly over the last year, but has seen little changes in diversity or salaries, according to the annual White House staff salary report obtained by NBC News. The report, which is due to Congress every year on July 1, shows a decrease in staff...

Lamont signs order creating 250th anniversary commission

HARTFORD, Conn. — Gov. Ned Lamont signed an executive order Friday creating a new commission charged with planning the state's multi-year celebration and commemoration of the 250th anniversary of the Declaration of Independence signing. The Connecticut Semiquincentennial Commission will be a state-level group, similar to the United States Semiquincentennial...

The real consequences of a blank check for defense spending

June was a good month for those who want to see a higher U.S. defense budget. On June 16, the Senate Armed Services Committee tacked on a $45 billion increase to President Biden’s proposed $813 billion topline for the 2023 National Defense Authorization Act (NDAA), calling for $847 billion in defense spending for the coming financial year. And last Wednesday, the House Armed Services Committee voted to add $37 billion to the president’s original budget proposal.

Lawmakers fear growing power of cartel-like blocs amid high inflation

Powerful industrial blocs or cartels are increasingly drawing the attention — and in some cases the ire — of lawmakers who blame them in part for rising inflation. With sputtering supply chains driving inflation to 40-year highs, market forces of all sorts are coming under the scrutiny of both legislators and regulators. A recurring theme is the power held by a few big companies in many different industries.

Canceling student loan debt is just the start

There is much we don’t yet know about President Biden’s anticipated plan for student loan forgiveness. One thing is certain though: while this will benefit millions of borrowers, it will not fix our broken student loan system. We need to help people who are struggling with student debt, but providing limited forgiveness today will not help all current or future borrowers.