Financial Services

Coalition Urges Treasury Action on Upcoming "Fiscal Cliff" of Tax Payment Deadlines

Coalition urges Treasury Sec. Mnuchin to defer tax payment deadlines.

Caps on Consumer Loans Hurt More Than They Help

February 5, 2020 — Peter Klensch

H.R. 5050, the Veterans and Consumers Fair Credit Act, would extend the 36 percent usury annual percentage rate (APR) cap under the 2006 Military Lending Act (MLA) to all consumers, stifling credit access for those that need it most.

February 5, 2020 — Peter Klensch 1580942176

FHFA Director Calabria is the Watchdog Taxpayers Deserve

October 16, 2019 — Peter Klensch

Mark Calabria is moving FHFA in a new direction and making taxpayers his top priority.

October 16, 2019 — Peter Klensch 1571249553

CAGW Names Rep. Marcy Kaptur July 2019 Porker of the Month

Rep. Marcy Kaptur is the July 2019 Porker of the Month for trying to expand the financially challenged USPS into banking.

Citizens Against Government Waste Releases 2019 Congressional Pig Book

(Washington, D.C.) – Today, Citizens Against Government Waste (CAGW) released its 2019 Congressional Pig Book, the 27th edition of the group’s exposé on pork-barrel spending.

CAGW Submits Comments to Bureau of Consumer Financial Protection on Payday Lending Rule

May 14, 2019

The Honorable Kathy Kraninger
Director
Bureau of Consumer Financial Protection
1700 G Street, NW
Washington, D.C., 20552

Dear Director Kraninger:

CAGW Joins Coalition to Support FHFA Rule on Alternative Credit Score Models

March 21, 2019

Alfred M. Pollard, General Counsel
Federal Housing Finance Agency
400 Seventh St. NW, 8th Floor
Washington, DC 20219

Attention: Comments/ RIN 2590-AA98: Validation and Approval of Credit Score Models by Fannie Mae and Freddie Mac

Dear Mr. Pollard,

Citizens Against Government Waste Submits Recommendations for President Trump’s Nickel Plan

(Washington, D.C.) – Today, Citizens Against Government Waste (CAGW) sent letters to 16 federal departments and agencies detailing potential spending cuts that could be made in furtherance of President Trump’s “nickel plan” for an across the board 5 percent budget cut, which he announced on October 17, 2018.

Citizens Against Government Waste Releases $3.1 Trillion in Waste-Cutting Recommendations

(Washington, D.C.) – Citizens Against Government Waste (CAGW) today released Prime Cuts 2018, the latest edition of the group’s comprehensive waste-cutting recommendations that would eliminate unnecessary and ineffective federal programs and spending.

GSE Uncertainty Continues to Put Taxpayers at Risk

September 7, 2018 — Peter Klensch

On September 6, 2018, the House Financial Services Committee held a hearing to evaluate the ill-famed ten-year anniversary of conservatorship for government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Committee members and witnesses addressed the inherent dangers of keeping the status quo as well as potential reforms to limit systemic risk.

September 7, 2018 — Peter Klensch 1536346368