Author: Rob McKinsey

New CFPB Rule Could Put Huge Dent in Payday Loan Profits

A battle is about to ensue as Republican lawmakers and lobbyists prepare to fight it out over legislation designed to curb payday lending. The Consumer Financial Protection Bureau plans to issue a ruling that would put a big dent in the profits of the $6 billion payday loan industry. Lobbyists who represent payday lenders say

Facebook in Russian Meddling Investigations

News have emerged that Facebook might contain important information about how Russians interfered with the US elections. In a report that was released by the CNN, it was revealed that a shadowy firm that has links to the Russian government was responsible for creating thousands of ads that run before the election and after the

Trump continues to shun Congressional Republicans

The tables have turned for Congressional Republicans. As The Washington Post reports, the beginning of 2017 seemed so promising. After eight years, they finally had a sympathetic president, and a vice-president who would make sure ties went their way in the Senate. Repealing “Obamacare.” Major tax reform. A new approach to budgeting. The possibilities were

Trump supporters wary of deals with Democrats

The Washington Post reports that political observers are waiting to see how President Trump’s base will react to news that he may have reached an amnesty deal with Congressional Democrats. Trump’s promise of a border wall between the U.S. and Mexico was a centerpiece of his campaign. His supporters loved his hardline stance on immigration,

Trump continues to cooperate with Democrats

President Trump continues to make overtures to Congressional Democrats. According to The Washington Post, Democrats plan to remain cautious when dealing with Trump. On Wednesday, Trump said he would forego tax cuts for wealthy households and ensure protection for young people covered under Deferred Action for Childhood Arrivals (DACA). He also called himself “a conservative.”

Congressional Republicans divided on tax cuts

President Trump’s attempt at tax reform faces one of the same problems as his attempt at health care reform: a divide among Congressional Republicans. According to The Washington Post, a group of presidential advisers and congressional leaders is developing a framework they intend to release next week. However, the framework will not address the elephant

George Soros Named a Nazi and Terrorist by the Right. Why? Ask Reporter Digs Deeper.

Baseless Conspiracy Theories Paint George Soros as a “Terrorist” and “Nazi”

As a general rule, ultra-wealthy people tend to be politically conservative. As a result, billionaire hedge fund manager George Soros is something of an aberration. Wealthy beyond imagining, the Hungary native is also famous for his support of progressive and liberal causes. Because he has supported left-leaning causes throughout his life, he has used his

Mueller requests interviews with six Trump aides

Special Prosecutor Robert S. Mueller III has announced his intention to interview six current and former advisers to President Donald Trump. According to the Washington Post, Mueller is interested in talking to adviser Hope Hicks; former chief of staff Reince Priebus; White House counsel Don McGahn; James Burnham, one of McGahn’s deputies; former press secretary