Payday lenders fight finance reform; Banks hire former government employees as lobbyists; 27 waivers given to oil companies in Gulf
Payday lenders and check cashers fight financial reform in Congress The Washington Post
About 40 industry executives blanketed Capitol Hill last week to challenge financial reforms under debate in Congress that call for more oversight of the payday lending and check cashing industry.
Hundreds of former government employees hired to lobby for banks, report finds The Washington Post
The country's largest banks and trade groups have hired more than 240 former government officials and legislative staffers to lobby against proposed reforms in Congress, according to a report issued Tuesday by liberal groups.
Toyota waited nearly a year to issue 2005 steering recall The Associated Press
Despite issuing a similar recall in Japan and receiving reports from American drivers about steering problems, Toyota waited almost a year in 2005 to recall trucks and SUVs in the United States with defective steering rods.
Since spill, the Interior Department has exempted 27 oil companies from environmental studies in Gulf The Sun Herald
Since the Gulf oil rig exploded, the Interior Department's Minerals Management Service has granted oil and gas companies at least 27 exemptions from doing environmental studies for future oil exploration and production plans in the Gulf of Mexico.
Chicago stock trade may have triggered May 6 market collapse The Wall Street Journal
A single, $7.5 million hedge fund trade in Chicago placed around 2:15 p.m. may have set off a chain reaction that caused the May 6 stock market collapse 20 minutes later. High-frequency, automated trades through computer servers reacted to the Chicago sale and contributed to the collapse.
By Jennifer Jenkins |
May 11, 2010; 5:39 PM ET
The Daily Read
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