Financial Services and the Economy

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  • Why payday loans are in consumers’ best interests
    Posted in Opinion Pieces on September 28, 2015 | Preview rr
    Tags: Financial Services and the Economy

    It is difficult for many of us to imagine having to choose between paying the rent on time or purchasing our sick child’s prescription medicine. But for many Americans who live paycheck to paycheck, circumstances like these are an all-too-familiar reality. For these individuals who are credit-constrained, payday loans provide a financial solution when emergencies or other unforeseen events arise. I know how important these loans can be: I myself relied on a short-term loan to establish my first ... Read more

  • Hastings’ Statement on 2 Million Americans Losing Emergency Unemployment Benefits
    Posted in Press Releases on March 5, 2014 | Preview rr
    Tags: Financial Services and the Economy, Jobs and the Workforce

    Congressman Alcee L. Hastings (D-FL) released the following statement after the number of Americans cut off from Emergency Unemployment Insurance reached 2 million: “Today, the number of Americans who have lost their emergency unemployment benefits reached 2 million. Sadly, it is no surprise that House Republicans are marking this occasion with their 50th vote to undermine health care reform. It is clear that their priorities are truly backwards. “Every week, approximately 72,000 Americans lose ... Read more

  • Hastings' Statement on the Expiration of Unemployment Benefits
    Posted in Press Releases on December 28, 2013 | Preview rr
    Tags: Financial Services and the Economy, Jobs and the Workforce

    Today, Congressman Alcee L. Hastings (D-FL) released the following statement after emergency unemployment benefits lapsed for the first time since 2008: “Republicans should be ashamed of themselves for having left so many Americans out in the cold this holiday season. “Starting today, an estimated 1.3 million Americans will face new hardships because of Republicans’ failure to extend unemployment benefits. Millions more may lose their unemployment in the upcoming year, if Republicans do not allo... Read more

  • Hastings Reintroduces the National Commission on Employment and Economic Security Act
    Posted in Press Releases on December 5, 2013 | Preview rr
    Tags: Financial Services and the Economy, Health Care, Jobs and the Workforce

    Congressman Alcee L. Hastings (D-FL) made the following statement after reintroducing the National Commission on Employment and Economic Security Act. Joining him as original co-sponsors of the resolution were Representatives John Conyers Jr. (MI-13) and Barbara Lee (CA-13). (Please see a copy of the legislation attached). “I am pleased to reintroduce the National Commission on Employment and Economic Security Act, legislation that establishes a national commission to examine the issues of econo... Read more

  • Hastings Sends Letter to Amazon’s CEO Urging a Distribution Center be Built in the Florida Glades
    Posted in Press Releases on August 16, 2013 | Preview rr
    Tags: Financial Services and the Economy

    Today, Congressman Alcee L. Hastings (D-FL) sent the following letter to Jeffrey P. Bezos, CEO of Amazon Inc. asking for his consideration of the Florida Glades region as a location for a future Amazon distribution center. (Please also find a copy of the letter attached): August 16, 2013 Jeffrey P. Bezos Chief Executive Officer Amazon.com, Inc. 440 Terry Avenue North Seattle, Washington 98109 Dear Mr. Bezos, I was pleased to read of Amazon Inc.’s commitment to creating jobs and focus on employee... Read more

  • Hastings Recognizes 75th Anniversary of Fair Labor Standards Act
    Posted in Press Releases on June 25, 2013 | Preview rr
    Tags: Financial Services and the Economy

    Today, Congressman Alcee L. Hastings (D-FL) made the following statement in recognition of the 75th anniversary of the Fair Labor Standards Act (FLSA): “The FLSA was as vital then as it is now, protecting millions from unfair business practices while ensuring equality in the workplace. Under the FLSA, the first national minimum wage was established, time-and-a-half payment for overtime work was guaranteed, and for the first time, children under the age of 18 were prohibited from ‘oppressive chil... Read more

  • Hastings Recognizes the 50th Anniversary of the Equal Pay Act
    Posted in Press Releases on June 10, 2013 | Preview rr
    Tags: Financial Services and the Economy, Women's Issues

    Today, Congressman Alcee L. Hastings (D-FL) made the following statement in recognition of the 50th Anniversary of the signing of the Equal Pay Act: “With the signing of the Equal Pay Act 50 years ago, our nation affirmed wage equality to be one of our national tenets. Today, let us rededicate ourselves to ending wage disparities once and for all and ensuring that equal work receives equal pay for all Americans. “At the time of the passage of the Equal Pay Act, women comprised a third of the wor... Read more