Republicans opposed the nomination, but Clarke won confirmation because Senate Majority Leader Chuck Schumer (D-N.Y.) used the chamber’s “Discharge Petition” to move her candidacy forward and vote.
Amid the tinsel and garland celebrating the holiday season, two important federal financial regulators are planning how the future financial needs of low-and-moderate income (LMI) communities – including neighborhoods of color – will be met. In an effort to “modernize” the 1977 Community Reinvestment Act (CRA) on December 12 the board of the Federal Deposit Insurance Corporation (FDIC) endorsed a proposed Notice of Public Rulemaking (NPR) offered by the Office of the Comptroller of the Currency (OCC).
The information was revealed during a court filing released on May 30.
U.S. Senators Kamala D. Harris (D-CA), Dick Durbin (D-IL), Chris Coons (D-DE), Cory Booker (D-NJ), Patrick Leahy (D-VT), Brian Schatz (D-HI), and Elizabeth Warren (D-MA) last week introduced legislation to reduce the Federal Bureau of Prisons’ (BOP) use of solitary confinement and improve conditions for inmates separated from the general prison population.
When given the chance at the ballot box, Americans overwhelmingly vote to impose a 36 percent or less rate cap. Today, 16 states and the District of Columbia have these rate caps in place, providing strong protection from payday loan sharks. In remaining states – those without a rate cap – interest rates run as high as 460 percent in California, over 400 percent in Illinois and 662 percent in Texas.