CFPB Attorney Who Helped Water Down Payday Lending Rule Operated a High-Cost Auto Lender
Christopher G. Mufarrige ran a Buy Here Pay Here used car lot in Texas before joining CFPB and working on payday lending regulations.
Finance
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Gottheimer Backs Bailout Plan Pushed by His Private Equity Donors
In statements to the press and congressional letters, Rep. Josh Gottheimer (D-N.J.) is backing a plan from one of his top private equity donors to expand a Federal Reserve bailout program.
Reps Calling for Payday Lender Bailout Get 6x More Money From Payday Lenders
The representatives seek an exemption from loan regulations so that payday lenders can receive funding from the coronavirus relief package meant to bail out small businesses.
Mnuchin's Fortune Tied to Companies He Can Bail Out
Through his $454 billion bailout fund, Mnuchin can boost the stocks of companies comprising some of his largest investments.
As Coronavirus Spreads, Surprise Medical Bills Kept in Place by Private Equity-Backed Democrat
Rep. Richard Neal (D-Mass.) torpedoed a fix tp surprise medical billing that threatened his private equity donors' profits. The coronavirus outbreak makes this potentially deadly.
Biden, Buttigieg, and Klobuchar Backed By Vulture Funds Set to Profit From Puerto Rico
The candidates say they support Puerto Rico, but they are holding onto campaign contributions from executives at hedge funds that recently negotiated an agreement that would force Puerto Rico to make cash payments, limiting funds available for the island's rebuilding efforts.
Not Just Exxon: Paul Weiss Defends Many Rogue Corporations
From Big Tobacco to opioid crisis profiteering, Paul, Weiss, Rifkind, Wharton & Garrison LLP has made millions from defending some of the most repugnant corporate villains of recent decades
Dems Cash in From Private Equity Firms They Defended at House Hearing
Reps. Gottheimer and Meeks formed a joint fundraising committee just days after defending private equity at a committee hearing. A new FEC filing shows it raised money almost exclusively from two companies that consumer advocates called out during the hearing.
Hedge Fund Billionaires Power New Democratic Super PAC
The group's top donor has a history of backing Republicans.
Buttigieg Bundler Is an Executive at Vulture Fund Holding Puerto Rican Debt
William Rahm, a senior managing director at the "vulture fund" Centerbridge Partners, was omitted from the original bundler list released by the Buttigieg campaign.