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Tuesday, August 21, 2018

Trump Campaign Aide Sought To Shield Russian Oligarch

Reprinted with permission from AlterNet.


According to a bombshell report from The Daily Beast, a Trump campaign staffer by the name of Daniel Gelbinovich worked behind the scenes to help shield Russian oligarch Roman Abramovich from potential inclusion for Treasury Department sanctions.

The story has been corroborated by two D.C. lobbyists who chose to remain anonymous due to the sensitive nature of the news. Even more incredibly, Gelbinovich himself does not deny it happened:

“I approached the lobbyists on behalf of a private equity firm that requested outreach for this type of work,” he said in an email to The Daily Beast.

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Trump Appointee Scraps Veterans’ Strongest Safeguard Against Predatory Lenders

Reprinted with permission from Shareblue.


Trump’s Consumer Financial Protection Bureau (CFPB) plans to abandon its most effective means of protecting military service members from being ripped off by payday lenders — part of Trump budget chief Mick Mulvaney’s mission to gut the agency from the inside.

According to The New York Times, a CFPB draft proposal shows that Mulvaney, the agency’s interim director, wants to scrap proactive oversight and enforcement of the Military Lending Act.

Mulvaney’s plan calls for the CFPB to stop performing “supervisory examinations,” which proactively look for patterns of abuse by lenders against members of the military.…

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Warren Warns Of ‘Stain’ On Senators Who Vote To Confirm CFPB Nominee

Reprinted with permission from AlterNet.


President Donald Trump is not only great at appointing Environmental Protection Agency heads who are terrible for the environment (Scott Pruitt) and secretaries of education who terrible for public education (Betsy DeVos)—he is also great at making certain that the Consumer Financial Protection Bureau (CFPB) offers as little protection as possible to U.S. consumers. And this week, Trump officially named his nominee to replace Mick Mulvaney as head of the CFPB: Kathy L. Kraninger. Sen. Elizabeth Warren of Massachusetts—who was instrumental in the CFPB’s creation seven years ago—and other Democrats have been critical of Trump’s pick, and they have plenty of reason to be.…

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