Tag Archives: Regulation

Abandoning America’s Workers, Starting at the Top

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President Trump has nominated Hardee’s and Carl’s Jr. owner Andrew Puzder to lead the Department of Labor for the next four years. Should Congress approve or reject this nomination? A brief look at the functions of the Department of Labor and Puzder’s background supplies the obvious answer: Puzder cannot become the Secretary of Labor. Congress established the federal Department of Labor in 1912. The legislation … Continue reading Abandoning America’s Workers, Starting at the Top »

Patriotic Millionaires Issue Statement on Proposed Rules to Payday Lending Industry

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“We don’t think it is right for lenders to loan money disregarding a borrower’s inability to repay, intending to make profit on the resulting fees and eventual default. The payday lending industry should not have a business model of trapping average Americans in the cycle of debt,” said Chair of the Patriotic Millionaires Morris Pearl, former Managing Director at BlackRock Inc., one of the largest investment funds in the world.