CFPB takes first step with new federal payday lending rule, but Maine must be on guard

October 6, 2017 by

Jody Harris

Just yesterday, the federal Consumer Financial Protection Bureau (CFPB) released a new rule that will reduce the harm to Maine families of short-term payday lending. But the new consumer finance protections are already under attack by the very lenders who profit from this kind of predatory lending. It is now more important than ever that our congressional delegation and state legislators pass and strengthen laws that protect Maine … Read the rest

Trump-GOP tax framework: A windfall for the wealthy, little left for most Mainers

October 4, 2017 by

Sarah Austin

The U.S. House tomorrow and the Senate in two weeks are expected to vote on their respective budget resolutions that will chart a course to enact President Trump’s proposed tax plan with simple majorities in each chamber. The Trump tax proposal is unprecedented in terms of how severely tilted the tax breaks are toward millionaires and billionaires. Two-thirds of the tax benefits next year would be slated for … Read the rest