43 lawmakers urge CFPB against overly burdensome prepaids rule

first_imgNoting concern with CFPB’s proposed rule for prepaid accounts, 43 lawmakers recently sent bureau Director Richard Cordray a letter outlining several recommendations that meet the “shared goal of empowering consumers with valuable financial tools while maintaining a vibrant prepaid marketplace.”The lawmakers, mostly Republican senators and congressmen, wrote that the bureau “should avoid imposing overly burdensome restrictions on providers that would prevent them from meeting the growing and diverse consumer demand for innovative prepaid product.”The letter, sent last month, listed several recommendations for the bureau to consider as it works on its rulemaking, which was released in proposed form last November:Consumer disclosures: The lawmakers urge Cordray to work to develop a “single, easy to understand pre-acquisition fee disclosure.” continue reading » 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Governor Wolf Vows to Protect PA Medical Marijuana Patients from Federal Government

first_img Medical Marijuana,  National Issues,  Press Release Harrisburg, PA – In a letter to U.S. Attorney General Jeff Sessions, Governor Tom Wolf today said the federal government should not get in the way of Pennsylvania delivering relief via medical marijuana to suffering children, families and veterans. The letter comes after reports that Attorney General Sessions had personally asked Congress to repeal an amendment that protected state-approved medical marijuana programs from disruption by the federal government.“Last year, the Pennsylvania General Assembly passed bipartisan legislation to legalize medical marijuana that I was proud to sign into law,” Governor Wolf wrote. “The legislation was the result of conversations with Republicans and Democrats and fierce advocacy from families of children who were stricken with terrible illnesses that could be helped by medical marijuana.“Given the bipartisan and medical consensus for medical marijuana in Pennsylvania and many other states, I am disturbed to know that you are actively pursuing a change in federal law to go after medical marijuana suppliers. We do not need the federal government getting in the way of Pennsylvania’s right to deliver them relief through our new medical marijuana program. “In the letter, Governor Wolf told the U.S. Attorney General that should he continue to pursue this federal shift and Congress were to agree, he would seek legal action to protect patients and legal producers.More information on Pennsylvania’s Medical Marijuana Program can be found here.To view the letter in its entirety, click here (Scribd). View a PDF version here.The full text of Governor Wolf’s letter:Dear Attorney General Sessions:Last year, the Pennsylvania General Assembly passed bipartisan legislation to legalize medical marijuana that I was proud to sign into law. The legislation was the result of conversations with Republicans and Democrats and fierce advocacy from families of children who were stricken with terrible illnesses that could be helped by medical marijuana.We talked to kids who suffer dozens of seizures each day. We met veterans who have seen absolute terror and seek relief from the effects of their post-traumatic stress. We approached the responsibility of providing relief to the people of Pennsylvania very thoughtfully.Since I signed the legislation, we have taken very careful and deliberate steps to implement the law so that those who are suffering can get relief while ensuring that the state is a responsible steward of the program.Given the bipartisan and medical consensus for medical marijuana in Pennsylvania and many other states, I am disturbed to know that you are actively pursuing a change in federal law to go after medical marijuana suppliers.We do not need the federal government getting in the way of Pennsylvania’s right to deliver them relief through our new medical marijuana program.Your action to undo the protections of the Rohrabacher-Farr amendment, which prevents the use of federal funds to disrupt states’ efforts to implement “their own State laws that authorize the use, distribution, possession or cultivation of medical marijuana” is misguided.If you seek to further disrupt our ability to establish a legal way to deliver relief of medical marijuana to our citizens, I will ask the Attorney General of Pennsylvania to take legal action to protect our residents and state sovereignty.Sincerely,TOM WOLFGovernorGovernor Wolf Letter to Attorney General Sessions Regarding Medical Marijuana by Governor Tom Wolf on Scribd SHARE Email Facebook Twitter Governor Wolf Vows to Protect PA Medical Marijuana Patients from Federal Governmentcenter_img June 15, 2017last_img read more