Financial Services & Economy
More on Financial Services & Economy
WASHINGTON — Today, Congresswomen Ayanna Pressley (MA-07) and Haley Stevens (MI-11) led a group of 17 freshman Members of Congress calling on Speaker of the House Nancy Pelosi to expand paid family and medical leave as Senate negotiations begin on the next emergency relief package.
WASHINGTON – Today, Congresswoman Ayanna Pressley (MA-07) and Congressman Gregory W. Meeks (NY-05) introduced legislation which protects stimulus checks from garnishment and fees. The Protect our Checks Act of 2020 ensures that stimulus payments authorized by Congress in the CARES Act, in response to the devastating economic impact of the COVID-19 pandemic, cannot be garnished to settle debts or other payments.
WASHINGTON – Today, Congresswomen Ayanna Pressley (MA-07), Alma S. Adams, Ph.D. (NC-12), and Ilhan Omar (MN-05), and 28 additional Members of Congress sent a letter to House Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy today calling for the universal, one-time, student loan debt cancellation of at least $30,000 per borrower in the next round of COVID-19 relief legislation.
WASHINGTON – Today, Congresswoman Ayanna Pressley (D-MA) and Senator Kamala D. Harris (D-CA) introduced the Saving Our Street (SOS) Act, legislation that provides federal support to microbusinesses throughout America during the COVID-19 crisis. The SOS Act will lift up local economies and allow for small neighborhood businesses to stay open during this crisis.
Washington, D.C. – Today, Representatives Ayanna Pressley (D-MA) and Gregory W. Meeks (D-NY) addressed a letter to the Treasury Department, the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), National Credit Union Administration (NCUA), and Consumer Financial Protection Bureau (CFPB) asking the agencies to immediately issue regulation or guidance to restrict financial institutions from seizing economic impact payments to collect on outstanding debts, such as overdraft fees.
WASHINGTON – As the Federal Reserve hires BlackRock, the world’s largest asset manager, to oversee some of its programs designed to stabilize the economy during the COVID-19 pandemic, Representatives Ayanna Pressley (MA-07), Jesύs “Chuy” García (IL-04), and Rashida Tlaib (MI-13) sent a letter to Treasury Secretary Mnuchin and Federal Reserve Chairman Powell to demand accountability, oversight and transparency regarding the firm’s contract and ensure that Black
WASHINGTON – Today, Representatives Ayanna Pressley (D-MA-07) and Gregory Meeks (D-NY-05) and Senators Kamala D. Harris (D-CA) and Sherrod Brown (D-OH) led more than 80 of their Democratic colleagues in calling for the Small Business Administration (SBA) and Treasury Department to ensure that minority-owned businesses are not shut out of the Paycheck Protection Program (PPP).
WASHINGTON – Today, Congresswoman Ayanna Pressley (D-MA) and Senator Cory Booker (D-NJ) led more than 30 of their congressional colleagues in blasting the Trump Administration for continuing to garnish wages of millions of struggling student loan borrowers, despite a new law passed by Congress last month that prohibits such wage seizures during the coronavirus public health emergency.
WASHINGTON – Today, Congresswoman Ayanna Pressley (D-MA) and Senator Kamala D.
WASHINGTON – Today, Congresswomen Ayanna Pressley (MA-07), Rashida Tlaib (MI-13), and Alexandria Ocasio-Cortez (NY-14) wrote a letter urging House Speaker Nancy Pelosi (CA-12) and House Minority Leader Kevin McCarthy (CA-22) to ensure any coronavirus relief belief bill the House approve