Last week, the office of the United States Postal Service inspector general released a white paper touting a “huge market” represented by the population of Americans that is underserved by traditional banks and non-bank financial providers. Show More Summary
At a Senate Banking Committee hearing this week, Sen. Elizabeth Warren (D-MA) slammed JPMorgan Chase and government regulators for the huge payout the bank made to CEO Jamie Diamond. She pointed out that Dimon got a $17 billion raise...Show More Summary
The AFT and the Clinton folks have been strenghtening their relationship lately, but that doesn't mean that the union isn't keeping its Campaign 2016 options open. Here's liberal darling US Senator Elizabeth Warren (D-MA), NYU education professor Diane Ravitch, and AFT head Randi Weingarten. Via AFT.
(Credit: Flickr) She gives me hope. Via Talking Points Memo: Sen. Elizabeth Warren (D-MA) on Thursday called on President Obama to nominate fewer judges who have represented corporate interests and more with backgrounds working for public...Show More Summary
“The question I’m asking is whether or not there’s adequate deterrent to prevent the largest financial institutions in this country from breaking the law,” Sen. Elizabeth Warren (D-Mass.) said at a Senate Banking Committee hearing today. “Right now, if financial institutions can just settle their claims out of court, and get a raise for settling […]
Neal McCluskey According to Ben Jacobs at the Daily Beast, Sen. Elizabeth Warren (D-MA) will soon be introducing legislation to allow holders of federal student loans to refinance at lower interest rates. There’s no indication that the new rates would be in exchange for longer terms, or anything like that. Show More Summary
(Credit: Flickr) There are so few people who are sticking up for us. Sometimes I just need an Elizabeth Warren fix in the middle of the day to remind there are some left.
On Thursday morning, Sen. Elizabeth Warren (D-Mass.) called on President Barack Obama to nominate more judges to the federal bench who have backgrounds serving the public interest instead of corporate America. Of Obama's judicial nominations...Show More Summary
Sen. Elizabeth Warren (D-Mass.) has been hailed as a progressive hero and, though she's personally panned the idea, a possible lefty alternative to Hillary Clinton in 2016. It stands to reason that an analysis of her voting record would...Show More Summary
This week, Sen. Elizabeth Warren (D-Mass.) introduced legislation along with Sen. Marco Rubio (R-Fla.) that would protect elderly veterans from financial scams and sketchy financial advisers. The Department of Veterans Affairs (VA) funds...Show More Summary
(Credit: Flickr) Amid all of the Chris Christie stories and SOTU writeups, the Postal Service Inspector General released a report that has the potential to spark a needed and timely debate about banking, the US Postal Service, and people...Show More Summary
On Monday evening, Sen. Elizabeth Warren (D-Mass.) denounced GOP lawmakers for blocking an extension of federal unemployment insurance, which expired at the end of last year, and called on Congress to act immediately on behalf of the...Show More Summary
pixelcatcher (CC BY-NC-SA 2.0) Sen. Elizabeth Warren endorsed a proposal by the United States Postal Service’s inspector general over the weekend that could prevent the poor from shelling out billions of dollars in fees and maybe even save the post office from sinking. Show More Summary
As we have seen in the last few years much of the banking industry is exploitative and socially useless, but payday lenders may be in a class all their own. They exploit the most vulnerable Americans with disgustingly high interest rates. Interest rates no other Americans would pay. Now Senator Elizabeth Warren is proposing an [...]
Massachusetts Senator Elizabeth Warren wants to solve two American problems with one solution — turn the country's increasingly empty post offices into simple retail banks for low-income citizens without bank accounts. In an op-ed in...Show More Summary
With traditional banking institutions finally out of the payday lending game, who’s left to swoop in to take care of the unbanked? Apparently, Senator Elizabeth Warren (D-MA) thinks the United States Postal Service has what it takes. In an op-ed on the Huffington Post Sunday, Warren endorsed the idea that the USPS could use its infrastructure to extend basic … [More]
By offering basic financial services currently provided by predatory lenders, the postal service could save the poor billions and fill its own budget hole. The post Elizabeth Warren Proposes Replacing Payday Lenders With The Post Office appeared first on ThinkProgress.
Elizabeth Warren at a campaign rally in Auburn, Massachusetts, in November 2012. Photo via Flickr user Tim Pierce On its surface, the scene resembled an evangelical rally, the pews loaded with elderly white women letting out occasional...Show More Summary
In November, the U.S. Postal Service reported it had a $5 billion loss for Fiscal Year 2013, its seventh consecutive year with loss. At the time, Postmaster General Patrick Donahoe blamed Congress for the loss, citing an “inflexibleShow More Summary