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Foreign Debt Relief. Last week the House passed the "Jubilee Act" to cancel debt for poor countries, a move that could cost Americans billions of dollars. House leaders failed to attach promised reforms to the debt cancellation, despite Treasury Undersecretary David McCormick's request that "any debt relief should be conditioned on the adoption of policies that promote sound economic practices." Apparently, they don't mind promoting unaccountable lending and forgiving nations that lack the will and/or the ability to repay their American taxpayer-financed loans ....
Credit-Based Insurance Scores – The Battle Heats Up By Jerry Theodorou | May 20, 2021 Earlier this month, the Colorado Senate passed a bill prohibiting insurance companies from using any external consumer data and information source, algorithm or predictive model for insurance premium calculation found to be unfairly discriminatory. Two weeks prior, on April 28, Washington State Insurance Commissioner Mike Kreidler sent a letter to members of the National Association of Insurance Commissioners, urging them to bar insurers in their states from using credit-based insurance scores in insurance premium calculations. At the end of March, Kreidler signed an executive order introducing such a ban in Washington for auto, home and renters’ insurance. Other states, including Maryland, West Virginia, Illinois, Oklahoma and Louisiana, have all seen legislative activity around the same restrictions of credit-related information. As even more ....
POLITICO Sign up for POLITICO Playbook today. Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by Facebook This is probably the most fitting coda to Donald Trump’s presidency, and a neat encapsulation of his relationship with Congress. | Al Drago/Getty Images DRIVING THE DAY THAT’S IT? President DONALD TRUMP made all this noise about the Covid relief and government funding bill only to sign it and get nothing in return? ....