 Debt collectors drubbed by Alaska high court
The Alaska Supreme Court ruled on Friday, November 20, that debt collectors who employ unfair or deceptive tactics during collection lawsuits are not shielded by the First Amendment. The case is the first ruling on the issue by any court nationwide. Debt collection firms have raised a constitutional defense, based on the right to petition the courts, in a series of consumer cases.
READ the full press release.
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Ex-federal officials cash in as banking lobbyists
More than 900 former federal employees, including 70 former members of Congress, have gone to work as lobbyists for the financial services sector this year, Public Citizen has found. Those who have passed through the revolving door between Congress and the financial industry include a former speaker of the House, two former Senate majority leaders and two former House majority leaders. The industry also has showered Congress with more than $42 million in campaign contributions in the past year, aiming at members of the banking committees.
READ OUR REPORT on the revolving door.
READ OUR REPORT about the industry's contributions.
WATCH A PROTEST in front of Goldman Sachs.
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