Wall Street

federal

Will Rep. Poliquin vote with his financial industry donors to deregulate Wall Street?

Regulations targeting Wall Street bankers and predatory lenders could be on the chopping block this week if Republicans in Congress get their way. The House of Representatives is expected to

fair taxes

Maine House passes bill to ban corporate tax havens

On Wednesday, by a mostly party-line vote, the Maine House of Representatives voted in favor of a bill sponsored by Rep. Ryan Tipping of Orono to close loopholes that allow

Maine Center for Economic Policy

Mainers join a national movement to stop predatory payday lenders

When the Maine Center for Economic Policy joined a dozen nonprofit labor, business, senior, economic justice, and community organizations from Maine to call for stronger federal consumer protections against predatory

Wall Street

Rep. Poliquin’s votes against Medicare, Social Security come back to haunt him

Max Richtman, the President and CEO of the National Committee to Preserve Social Security and Medicare, visited Maine last week to support Emily Cain, the Democratic challenger to Second-District Republican

money in politics

TV ads hit Rep. Poliquin on Medicare privatization vote

New television ads airing in Maine are criticizing Second-District Republican Congressman Bruce Poliquin for voting to “end the Medicare guarantee” in favor of higher profits for insurance and drug companies.

federal

Even with state protections, Mainers are vulnerable to online predatory lenders

A new consumer guide released by the Maine Bureau of Consumer Credit Protection shows that even with Maine’s current regulations on predatory lending, many people remain vulnerable to the predatory

fair wages

How Big Oil used Jim Crow to control Saudi Arabia

Ben Chin dives into a review of America’s Kingdom: Mythmaking on the Saudi Oil Frontier, his first summer reading recommendation.

fair wages

Maine’s superwealthy don’t seem to mind tax fairness referendum

In this week’s episode of the Beacon Podcast, Ben and Mike discuss new support among small business owners for the minimum wage campaign, the announcement of new federal payday lending

Wall Street

Are Maine’s predatory lending protections about to go national?

This morning in Kansas City, Missouri, Consumer Financial Protection Bureau (CFPB) head Richard Cordry formally unveiled a long-awaited proposal to rein in the worst practices of the payday lending industry.

economy

Payday loan industry bill threatens vulnerable Mainers

The Maine Center for Economic Policy has joined hundreds of civil rights, consumer, labor, faith, veterans, seniors, and community organizations across the nation to strongly urge its Congressional Delegation to