A top Democratic donation processor, Act Blue, is facing an investigation over concerns that the donation processing service is being used to circumvent campaign finance laws.
The Republican-led House Oversight Committee launched the investigation, citing “reports of potentially fraudulent and illicit financial activity” in a letter to Treasury Secretary Janet Yellen.
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More than 78 percent of U.S. adults say they are concerned about the energy bills, according to a recent CNET Money survey.
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The Senate Banking Oversight Committee met with top U.S. bank CEOs on Wednesday about the possible effects of new regulations, proposed in July, that would raise capital requirements, titled Basel III endgame, according to CNBC. The new restrictions would not tackle problems that caused the most recent banking crisis earlier this year and would disproportionately affect smaller borrowers, like average Americans, by tightening credit conditions and restricting access to affordable debt in the form of mortgages, credit cards and more, experts told the DCNF.
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A new report published by Pew Charitable Trusts suggests that with the increase of debt collection lawsuits, “debt collectors may seize $1,200 coronavirus checks intended for household expenses.”
Before the coronavirus restrictions began, American household debt had already increased by $1.5 trillion between 2008 and 2019. As debt increased, so also did an aggressive approach made by creditors and third-party firms to use state civil courts to pursue collections through debt claims, Pew says.
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Consumer debt in the U.S. has grown by 25 percent in five years and doubled since the turn of the century, according to the latest Clever Real Estate report
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Former Democratic Rep. Beto O’Rourke of Texas suggested pushing financial institutions into refusing service to Americans who are seeking to purchase semi-automatic rifles, among other forms of artillery.
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