Friday, October 4

● Payment processor penalized

● Debt ceiling brinksmanship

● Wasting in environmental corruption

● Wall Street undermines reform

Payment processor penalized
The Consumer Financial Protection Bureau asked a federal judge to impose a $1.38 million civil penalty against Meracord LLC and its owner, Linda Remsberg, for helping debt-settlement companies to collect illegal fees from consumers. Meracord, one of the country’s largest debt-settlement companies, violated the Telemarketing Sales Rule which forbids the collection of upfront fees before settling a customer’s debts, the CFPB said.

Debt ceiling brinksmanship
The Department of Treasury concluded in a report that a failure by Congress to approve an increase to the debt ceiling would be unprecedented and potentially catastrophic. Among other outcomes: credit markets could freeze, the value of the dollar could plummet, and U.S. interest rates could skyrocket, potentially resulting in a financial crisis and recession that could echo the events of 2008 or worse.

Wasting in environmental corruption
The National Center for Policy Analysis, a conservative think tank, claimed in a report that $1.24 billion spent by the U.S. over the past 12 years to support the Global Environmental Facility has not achieved any measurable environmental benefit. The GEF, led by the United Nations and the World Bank, “has merely served as a mechanism to spread funds between wealthy countries while doing little to help the poorest nations,” NCPA said.

Wall Street undermines reform
The banking and finance industry has spent $3.2 billion on federal lobbying and campaign contributions since 2009 when the Troubled Asset Relief Program paid out $700 billion to save Wall Street from collapse, Public Citizen said in a report. Public Citizen said the industry’s lobbyists and campaign donors oppose reforms that are intended to prevent a similar future collapse.

For Immediate Release is a daily compilation of press releases found on more than 1,000 websites that are maintained by the federal government and national advocacy organizations. Press releases selected for this feature are, in the opinion of the editor, exceptionally newsworthy, interesting or just plain curious.

Click for access to an archive of past For Immediate Release reports.

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TRNS News Notes- 10/1/14

Ebola in the U.S.A.
Felon with gun in elevator with Obama
Obama didn’t know
Secret Service director: “Mistakes were made”
Spox: WH backs Secret Service
Spox: “Conflicting facts can emerge”
Hong Kong expects huge National Day protests

The Government Shuts Down, The Supreme Court Suspends Bill Clinton And Jimmy Carter Is 90

Plus, the Defense Intelligence Agency is formed and the Free Speech Movement gets off the ground.

Click here for: Wednesday, October 1

● Obama AWOL from most intelligence briefings

● Bye, bye, blackout rule

● County drug disposal ordinance is upheld

● What kids are wearing for Halloween

● Lenders feast on mobile homes

● EPA releases greenhouse gas data

LISTEN: The Day Ahead – October 1, 2014

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Protests and pageantry for Chinese National Day in Hong Kong, Benjamin Netanyahu meets with President Obama and the White House fence jumper appears in court.

LISTEN: The World in 2:00 – September 30, 2014

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The latest on pro-democracy protests in Hong Kong.

Secret Service Chief Grilled Over Security Lapses

Members of the House Oversight and Government Reform Committee say there’s a question of leadership within the Secret Service.