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Jubilee USA Network
Washington, DC
Building a global economy that serves, protects and promotes the participation of the most vulnerable.
Recent Activity
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Representative Bachus speaking at the Capitol event by Greg Williams Jubilee USA honored House Financial Services Committee Chairman Emeritus Spencer Bachus (R-AL) at a November 10 evening event in the US Capitol. Bachus was a key architect of bipartisan legislation... Continue reading
Posted 2 days ago at The Jubilee Blog
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By Greg Williams The future of a federal consumer watchdog agency is uncertain amidst pledges to reduce the agency. Congress created the Consumer Financial Protection Bureau as part of the bipartisan 2010 Dodd-Frank Wall Street Reform Act. The Bureau issues... Continue reading
Posted 7 days ago at The Jubilee Blog
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By Greg Williams Puerto Rico Governor Alejandro García Padilla declined a new federal oversight board's request that he submit an updated fiscal plan for the island. Under Congressional legislation passed in June, the board has the authority to approve or... Continue reading
Posted Nov 22, 2016 at The Jubilee Blog
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By Greg Williams Jubilee Executive Director Eric LeCompte addressing the Financial Oversight and Management Board of Puerto Rico The Puerto Rico Financial Oversight and Management Board holds its third meeting at the El Conquistador Resort, Fajardo, Puerto Rico. This is... Continue reading
Posted Nov 19, 2016 at The Jubilee Blog
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By Darby Finch Four men were arrested in Indiana for allegedly using shell companies to defraud nursing home patients in the senior communities where they were executives. They overcharged for drugs and other goods and received the extra money through... Continue reading
Posted Oct 27, 2016 at The Jubilee Blog
By Greg Williams Our Campaigns Director, Andrew Hanauer, is quoted in a recent article on crime and corruption facilitated by some US-based anonymous "shell companies" and legislation that addresses the problem - the Incorporation Transparency and Law Enforcement Assistance Act.... Continue reading
Posted Oct 19, 2016 at The Jubilee Blog
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By Greg Williams Puerto Rico Governor Alejandro García Padilla submitted a fiscal plan to the new Puerto Rico Financial Oversight and Management Board when it met in New York October 14th. Congressional legislation passed in June created the board and... Continue reading
Posted Oct 14, 2016 at The Jubilee Blog
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By Greg Williams Jubilee USA participated in a variety of ways at last week's International Monetary Fund/World Bank Annual meetings. We met extensively with our international partners, sponsored and participated in panels on debt sustainability, new trends in sovereign debt... Continue reading
Posted Oct 12, 2016 at The Jubilee Blog
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By Greg Williams Friday, October 7th is the final day for the public to comment on new proposed federal regulations on "payday loans." Payday loans are short-term loans that carry an average annual interest rate of nearly 400% and are... Continue reading
Posted Oct 8, 2016 at The Jubilee Blog
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Washington DC - Finance Ministers, heads of central banks and government delegations open the Annual International Monetary Fund (IMF) and World Bank meetings through October 9th. As the meetings start, the IMF reports a sluggish economic growth forecast and a... Continue reading
Posted Oct 7, 2016 at The Jubilee Blog
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By Greg Williams The International Monetary Fund (IMF) released its bi-annual report on the state of the global economy, noting that global growth is "subdued" and uneven. Ahead of the IMF/World Bank Annual Meetings in Washington, the World Economic Outlook... Continue reading
Posted Oct 4, 2016 at The Jubilee Blog
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By Greg Williams G20 Finance ministers and central bank heads meet on October 6 to discuss economic growth and anti-corruption measures. The meeting comes ahead of the International Monetary Fund and World Bank Annual Meetings in Washington. The G20 meeting... Continue reading
Posted Oct 4, 2016 at The Jubilee Blog
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By Greg Williams The newly created Puerto Rico economic oversight board holds its first meeting and will elect a chair on September 30 in New York City. Congress created the 7-member board as part of legislation to address the island's... Continue reading
Posted Sep 29, 2016 at The Jubilee Blog
Dear Friends, In recent months, together we won solutions for greater transparency in the global financial system. We moved forward solutions to Puerto Rico's financial crisis. Now I'd like to invite you to join us again as we work on... Continue reading
Posted Sep 28, 2016 at The Jubilee Blog
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On September 15th, Mozambique's President Filipe Nyusi came to Washington, DC for a series of meetings with International Monetary Fund (IMF) Managing Director Christine Lagarde, World Bank President Jim Yong Kim, Secretary John Kerry and US AID's Gayle Smith. The... Continue reading
Posted Sep 26, 2016 at The Jubilee Blog
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UN Report Launched with Vatican by Greg Williams A report released from a UN group calls the global economy "fragile" and urges action on trade, tax and debt policies to improve economic growth. The United Nations Conference on Trade and... Continue reading
Posted Sep 23, 2016 at The Jubilee Blog
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Mozambique President Filipe Nyusi is in Washington for a series of meetings with International Monetary Fund (IMF) Managing Director Christine Lagarde, World Bank President Jim Yong Kim, Secretary John Kerry and US AID's Gayle Smith. The IMF suspended loans and... Continue reading
Posted Sep 15, 2016 at The Jubilee Blog
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By Greg Williams According to a new report, secretive offshore tax avoidance practices are on the rise among multinational businesses. The report, released from the Financial Accountability and Corporate Transparency Coalition (FACT), finds that these practices put investors at risk... Continue reading
Posted Sep 12, 2016 at The Jubilee Blog
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by Greg Williams A new study published by the Centers for Disease Control and Prevention connects the spreading Zika virus to a significant increase in birth defects in Brazil. According to the study, birth defects involving the nervous system nearly... Continue reading
Posted Sep 9, 2016 at The Jubilee Blog
By Greg Williams Over the past week, Jubilee USA's views on the newly announced Puerto Rico fiscal oversight board were featured in the Wall Street Journal, Morning Consult and Barron's. Wall Street Journal: http://www.wsj.com/articles/white-house-set-to-announce-oversight-board-for-puerto-rico-1472660069 Morning Consult: https://morningconsult.com/2016/08/31/creditors-advocates-optimistic-as-obama-names-puerto-rico-oversight-board/ Barron's: http://blogs.barrons.com/incomeinvesting/2016/08/31/meet-the-members-of-puerto-ricos-new-financial-oversight-board/ Continue reading
Posted Sep 6, 2016 at The Jubilee Blog
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By Greg Williams Religious leaders in Puerto Rico and Jubilee USA urged a new Congressional task force to reform US laws to promote economic growth in Puerto Rico. The recommendations were formally submitted to the Congressional Task Force on Economic... Continue reading
Posted Sep 2, 2016 at The Jubilee Blog
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by Greg Williams The White House is announcing members of Puerto Rico's fiscal oversight board established as part of legislation to address the US territory’s debt crisis. President Obama signed the Puerto Rico Oversight, Management and Economic Stability Act into... Continue reading
Posted Aug 31, 2016 at The Jubilee Blog
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Jubilee USA's Campaigns Director Andrew Hanauer was in Georgia last Friday to meet with Christian, Jewish and Muslim community leaders and to speak at Friday night services at Temple Beth Tikvah in Roswell (pictured). Georgia is one of a number... Continue reading
Posted Aug 29, 2016 at The Jubilee Blog
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Fair Share's Nathan Proctor published an opinion piece on Boston's NPR website connecting the opioid epidemic in the United States to the problem of anonymous shell companies, used to launder money and finance crime. Jubilee USA works to stop money... Continue reading
Posted Aug 24, 2016 at The Jubilee Blog
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by Darrin Brown In March, a California Superior Court judge ruled Corinthian Colleges, a for-profit company offering postsecondary education through its Heald, Everest and WyoTech schools, had misrepresented its programs, job placement rates, and debt collection practices. The company, which... Continue reading
Posted Aug 18, 2016 at The Jubilee Blog