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The names and addresses of loan recipients under $150,000 were not disclosed, but it may point to the amount of assistance that went to help smaller firms with lower profits and fewer employees.
One lawyer representing affected investors in suits against the company excoriated the loan, calling the move 'one of the most flagrant abuses of taxpayer dollars of this century.'
The Consumer Federation of America, AFL-CIO, Financial Planning Association and others wrote a letter to the Labor Department calling for a 90-day comment period for its revised fiduciary rule, instead of the current 30-day period, arguing that...