Tag Archives: banking

Fomer ND Gov: Marketplace Fairness Act Is First Step To Federal Sales Tax

Fomer ND Gov: Marketplace Fairness Act Is First Step To Federal Sales Tax

North Dakota occupies a unique position in the debate over the so-called Marketplace Fairness Act, which would allow states to apply their sales and use taxes to online retailers. It was the Quill vs. North Dakota, a Supreme Court case litigated by then-Tax Commissioner Heidi Heitkamp and Attorney General Nick Spaeth, which set the current

Price Caps On Swipe Fees Making Your Banking More Expensive

Three years ago Monday the Senate passed the Durbin Amendment to the Dodd-Frank Banking Bill which sought to make the retail experience for Americans cheaper by capping the fees for debit and credit card swipes. Essentially, the federal government told the banks they were charging too much, and cut the price in half for them

Obama Pushing Banks To Make Subprime Loans Again

“Obama administration pushes banks to make home loans to people with weaker credit,” reads the Washington Post headline. Because it worked out so well the last time we did that. The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say

Feds File Suit Against Agency That Downgraded US Credit Rating

Last year Standard & Poor made headlines by downgrading the US credit limit. The Obama administration wasn’t happy, and now the federal government is suing claiming that the company didn’t property rate mortgage bonds during the subprime housing loan bubble: WASHINGTON (TheBlaze/AP) — The U.S. government is accusing the debt rating agency Standard & Poor’s

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