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Uncle Sam Down and Out as Congress Prepares to Raise Debt Ceiling

Today the Employment Policies Institute’s (EPI) “Defeat the Debt” campaign will station eleven destitute Uncle Sams in New York City’s Times Square to beg for $12 trillion from taxpayers. The appearance comes one day before Congress is scheduled to begin debate on raising the debt ceiling, as the nation’s $12.3 trillion debt is coming dangerously [...]

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Fed Overdraft Rule Inadequate, Congress Must Act

Statement of Eric Halperin, director of the Washington D.C. office of the Center for Responsible Lending: “The Federal Reserve Board’s action today on debit and credit card overdraft fees legitimizes an abusive product without providing any substantive protections for bank customers. We appreciate that the Fed chose to implement the strongest overdraft reform rule it was [...]

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What Would H.R. 2382 Really Do?

In advance of the October 8th hearing in the House Financial Services Committee on H.R. 2382, “The Credit Card Interchange Fees Act,” sponsored by Rep. Peter Welch (D-VT), the Electronic Payments Coalition has issued the following statement: “H.R. 2382 is one of the most egregious assaults on consumer protection that this country has seen in some [...]

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