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For Immediate Release
February, 22 2016, 03:00pm EDT
Contact:
Greg Williams, Communications Director greg@jubileeusa.org / (o) (202) 783-3566 x101 (m) (443) 854-1405
US Judge Plans to End Argentina Debt Sanctions
Ruling Impacts "Hold-Out' Hedge Funds Seeking Repayment
WASHINGTON
US District Judge Thomas Griesa agreed to lift injunctions on Argentina that could pave the way to ending the country's decade-long debt dispute with "hold-out" hedge funds. The ruling allows Argentina to repay investors who accepted past debt restructuring deals even if it does not first pay a small group of hedge funds who refused recent settlement offers.
"The most predatory actors in this case are increasingly isolated," said Eric LeCompte, a sovereign debt expert who tracked the case for six years and is the executive director of Jubilee USA, a religious development organization. "It's clear the judge felt Argentina's latest offer was reasonable and the hold-outs should have accepted it and ended this saga."
For the order to take effect, Argentina must first repeal its laws blocking payments to the so called "vulture funds." Elliot Management and Aurelius Capital Management, the two most prominent "hold-outs," rejected Argentina's recent $6.5 billion offer to settle the case. A US Appeals Court must also validate Judge Griesa's ruling for it to take effect.
"Unfortunately, the case still validates a predatory and exploitative business model," said LeCompte, whose organization filed with the Supreme Court in 2014 to urge the high court to overturn lower court rulings. "The parity rulings which favored the predatory funds are still intact and we remain concerned how those rulings will impact some of the world's poorest countries."
Read a timeline of Argentina's debt crisis and the court proceedings
Read Jubilee USA's Amicus Brief to the Supreme Court
Read more about Argentina's recent settlement offer
Jubilee USA Network is an interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 750 faith groups working across the United States and around the globe. We address the structural causes of poverty and inequality in our communities and countries around the world.
(202) 783-3566LATEST NEWS
Trump-Appointed Judge Strikes Down CFPB Rule That Would Bar Medical Debt From Credit Reports
"This decision will hurt people's financial futures, including their ability to buy a home, care for their families, or even get a job," said the president and CEO of the nonprofit Undue Medical Debt.
Jul 15, 2025
A Trump-appointed judge axed a Biden-era rule on Friday that would have removed medical debt from credit reports and barred lenders from using certain medical information in loan decisions.
The rule, enacted under the authority of the Fair Credit Reporting Act, would have removed an estimated $49 billion in medical bills from the credit reports of about 15 million people.
But after a lawsuit brought by two industry groups with the support of Republicans in Congress who attempted to block it, Judge Sean Jordan of the U.S. District Court of Texas' Eastern District ruled that the Consumer Financial Protection Bureau (CFPB) had exceeded its authority in introducing the rule.
According to the CFPB, those with medical debt on their credit reports would have received a 20-point boost to their credit scores on average as a result of the rule. It would have led to an estimated 22,000 more mortgages being approved for people struggling with medical debt.
According to a report by the Peterson Center on Healthcare and KFF last year, roughly 1 in 12 adults has over $250 in unpaid medical debt.
"People who get sick shouldn't have their financial future upended," said CFPB Director Rohit Chopra at the time of the rule's passage in January 2025. "The CFPB's final rule will close a special carveout that has allowed debt collectors to abuse the credit reporting system to coerce people into paying medical bills they may not even owe."
The consumer reports industry lobbied furiously against the measure. Two industry groups—the Consumer Data Industry Association and the Cornerstone Credit Union League—brought the lawsuit before Judge Jordan. Meanwhile, reporting from Accountable.US in March revealed that Republicans on the House Financial Services Committee accepted a combined $867,000 from trade groups opposed to the rule.
Using the same talking points as the industry, they then attempted to block the rule, arguing that it would "weaken the accuracy and completeness of consumer credit reports."
However, according to research by the CFPB, medical debt on credit reports often has no bearing on a person's ability to pay back other loans.
Medical bills also frequently contain mistakes. According to a survey by the Commonwealth Fund last year, more than 45% of respondents were billed for a service they thought was covered by insurance. The trade magazine Becker’s Hospital Review, meanwhile, has estimated that 80% of medical bills contain errors that inflate costs.
"Medical debt unjustly damages the credit scores of millions, limiting their ability to obtain affordable credit, rent safe housing, or even get a job," said the National Consumer Law Center after the rule was introduced.
Now, as a result of its being struck down, the 15 million Americans who have medical debt on their credit reports will see an average of $3,200 remaining on their reports that would have otherwise been erased.
"The facts are clear: Medical debt is not predictive of creditworthiness," said Allison Sesso, the president and CEO of the nonprofit Undue Medical Debt, on Monday. "This decision will hurt people’s financial futures, including their ability to buy a home, care for their families, or even get a job—all because they got sick, injured, or were born with a chronic condition through no fault of their own. It will also further decrease their willingness to get the care they need."
The ruling also marks the latest attack by Republicans on the CFPB. In February, the Trump administration attempted to unilaterally and illegally shut down the consumer watchdog agency. His effort to dismantle it was later blocked by a federal judge.
Since its creation in 2011, the CFPB has relieved $21 billion worth of debt for nearly 200 million Americans. It recouped that money from powerful financial institutions and credit card companies that had engaged in predatory practices and saddled Americans with junk fees.
But by cracking down on corporate abuses, it became the bane of Republican lawmakers and their corporate donors. Many top Trump donors sought to kill the CFPB because it was coming after the actions of their companies.
Elon Musk's company Tesla was facing scrutiny over its auto loan policies, which had received hundreds of complaints from customers. His social media company, X, was also being examined for its payment policies.
Another top Trump donor, investor Marc Andreesen, launched a broadside against the bureau when it ordered a payday lending company he'd invested in to pay tens of millions worth of fines for engaging in predatory lending.
"Judge Sean Jordan, a Trump-appointed judge, joined congressional Republicans in making it easier for the Trump administration to raise costs on millions of Americans," said Accountable.US executive director Tony Carrk.
"Not only are they dismantling healthcare for 17 million through their big, ugly betrayal, but they're dooming millions more with low credit scores due to illness and injury," he continued. "Republicans are holding a grudge against the CFPB, and it's costing Americans money."
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'More Corruption and Abuse' on the Way as Bondi Fires DOJ Ethics Chief
"The question this drastic firing raises is: Are there even worse ethics problems Bondi is trying to hide?" said one watchdog campaigner.
Jul 15, 2025
Further escalating concerns over U.S. Attorney General Pam Bondi's control of the Department of Justice, Joseph Tirrell announced Monday on a professional networking website that he was fired as director of the Departmental Ethics Office.
Tirrell shared Bondi's July 11 memo, which misspells his first name and provides no explanation for his dismissal from the DOJ. It states that "pursuant to Article II of the United States Constitution and the laws of the United States, your employment with the Department of Justice is hereby terminated, and you are removed from federal service effective immediately."
Democracy Docket reporter Jacob Knutson noted that "Trump officials have repeatedly referenced Article II to make broad assertions of presidential authority and to justify dismissing federal workers who traditionally have been shielded by civil service protections."
Tirrell wrote in his LinkedIn post that "I led a small, dedicated team of professionals and coordinated the work of some 30 other full-time ethics officials, attorneys, paralegals, and other specialists across the Department of Justice, ensuring that the 117,000 department employees were properly advised on and supported in how to follow the federal employee ethics rules."
Bloomberg had reported on Tirrell's ouster Sunday, and both he and the DOJ had declined to comment. The outlet pointed out that "his portfolio included reviewing and approving financial disclosures, recusals, waivers to conflicts of interest, and advice on travel and gifts for Bondi, Deputy Attorney General Todd Blanche, FBI Director Kash Patel, and other DOJ leaders."
Jon Golinger, democracy advocate at the government watchdog Public Citizen, said in a Monday statement that "Bondi's sudden firing of the DOJ ethics adviser shines a bright spotlight back on her own glaring ethical conflicts and how she's handled major DOJ decisions involving her former clients like Qatar and Pfizer."
According to Golinger, "The question this drastic firing raises is: Are there even worse ethics problems Bondi is trying to hide?"
As Bloomberg also detailed:
Tirrell's removal is separate—but potentially related—to the roughly 20 employees involved in Special Counsel Jack Smith's investigations, according to numerous media reports, were also fired July 11.
Tirrell advised Smith's office on ethics matters during his criminal prosecutions of President Donald Trump, said the sources, who spoke on condition of anonymity to share a sensitive personnel matter. That includes Tirrell approving Smith's receipt of $140,000 in pro bono legal fees from Covington & Burling that he disclosed upon concluding his investigation.
The Not Above the Law coalition's co-chairs—Brett Edkins of Stand Up America, Praveen Fernandes of the Constitutional Accountability Center, Lisa Gilbert of Public Citizen, and Kelsey Herbert of MoveOn—said in a Monday statement that "by firing her ethics chief, Pam Bondi is making it clear she answers to Trump and no one else."
"This is the latest move in an alarming pattern of dismantling oversight and erasing accountability from the Department of Justice. Bondi is purging anyone who dares act as a check on executive power to pave the way for more corruption and abuse," the co-chairs continued. "Bondi may be the one who made this latest call, but this administration's culture of corruption starts at the top."
They added that "whether it's using the presidential bully pulpit to raise allies' stock prices, giving special access to Trump meme coin investors, or firing 17 agency inspectors general to stymie government oversight, Trump seems to have perfected the art of using public office for personal profit, and he, Bondi, and everyone else are ensuring that nobody dares lift a finger to stop them."
Under Trump and Bondi, thousands of employees have left the DOJ. CBS News reported last month that the department lost 4,000 workers as part of the Trump administration's "fork in the road" deferred resignation program, and Reuters revealed Monday that 69 of the roughly 110 lawyers in the Federal Programs Branch—which defends the president's policies in court—have quit the unit or announced plans to resign since his November election.
Bondi has been accused of "serious professional misconduct that threatens the rule of law and the administration of justice," including with her day-one memo directing all DOJ employees to "zealously defend" Trump's policies, and has recently faced sharp criticism for the department's handling of documents related to the late financier and convicted sex offender Jeffrey Epstein.
In a clear sign of congressional Republicans' unwillingness to hold the Trump administration accountable, GOP members of the U.S. House Rules Committee late Monday blocked an amendment that would have forced the DOJ to release the full Epstein files to the public.
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Renowned Genocide Scholar Says 'I Know It When I See It'—And He Sees It in Israel's Assault on Gaza
"My inescapable conclusion has become that Israel is committing genocide against the Palestinian people."
Jul 15, 2025
A leading scholar of the Holocaust and genocide warned Tuesday the continued "silence" of many in his field of study regarding Israel's massacre of Palestinians in Gaza "has made a mockery of the slogan 'never again''" as he outlined in a New York Times opinion piece how he came to conclude that Israel is committing genocide in the besieged enclave.
"I'm a Genocide Scholar," reads the essay's headline. "I Know It When I See It."
Like a number of other experts who were at first reluctant to designate the assault on Gaza a genocide—the term coined by Polish lawyer Raphael Lemkin in 1944—Brown University professor of Holocaust and Genocide Studies Omer Bartov gradually came to recognize Israel's campaign of targeted starvation, bombings on civilian infrastructure, forced displacement, and other attacks as genocidal violence as he watched the early months of the war in late 2023 and early 2024.
By May 2024, he wrote at the Times, "it appeared no longer possible to deny that the pattern of [Israel Defense Forces] operations was consistent with the statements denoting genocidal intent made by Israeli leaders in the days after the Hamas attack," including Prime Minister Benjamin Netanyahu's threat to turn Gaza into "rubble" and his call for Israeli citizens to remember "what Amalek did to you"—a reference to the biblical passage calling on the Israelites to "kill alike men and women, infants and sucklings" in their fight against an ancient enemy.
At that point, about 1 million Palestinians had been ordered to the so-called "safe zone" of al-Mawasi—which was then targeted in numerous attacks.
Months after one top Israeli official called for the "total annihilation" of Gaza—home to more than 2 million people—Bartov concluded that the government's "actions could be understood only as the implementation of the expressed intent to make the Gaza Strip uninhabitable for its Palestinian population."
He wrote that his interpretation of Israel's actions is now that Netanyahu's government wants "to force the population to leave the strip altogether" and "debilitate the enclave through bombings and severe deprivation of food, clean water, sanitation, and medical aid to such an extent that it is impossible for Palestinians in Gaza to maintain or reconstitute their existence as a group."
"My inescapable conclusion has become that Israel is committing genocide against the Palestinian people," wrote Bartov, noting that his assessment is that of an expert who grew up in a Zionist home, spent the first half of his life in Israel, and served in the IDF as well as researching the Holocaust and other war crimes.
"This was a painful conclusion to reach, and one that I resisted as long as I could," wrote Bartov. "But I have been teaching classes on genocide for a quarter of a century. I can recognize one when I see one."
He added that his conclusion is supported by the destruction of an estimated 174,000 buildings, or 70% of those in Gaza; the killing of more than 58,000 people, nearly a third of whom have been children and nearly 900 of whom were under one year old; and the extermination of more than 2,000 families in their entirety.
CNN anchor Christiane Amanpour noted that Bartov spoke to her last December about his conclusion that Israel is committing genocide.
"If you look at the pattern of what the IDF has been doing, not only has it been moving the population around, every safe zone... tends to get also bombed and shelled," he said at the time. "But also systematically destroying universities, schools, mosques, museums, and hospitals, of course—anything that makes for the health and also the culture of a group, and therefore, by now we have a population that is being completely debilitated."
Bartov published his essay as the Office of the United Nations High Commissioner for Human Rights (OHCHR) said it had recorded the deaths of 875 Palestinians who were killed while seeking aid, with the vast majority killed at or around aid hubs set up by the Gaza Humanitarian Foundation (GHF), a U.S.- and Israel-backed privatized aid group that has been rejected by the U.N. due to its lack of neutrality.
"The latest deadly incident happened at around 9:00 am on Monday, July 14, when reports indicated that the Israeli military shelled and fired towards Palestinians seeking food at the GHF site in As Shakoush area, northwestern Rafah," said the OHCHR on Monday of an attack that killed at least two people and injured nine others—days after a hospital in Rafah received more than 130 patients, the majority of whom suffered gunshot wounds they'd sustained while trying to access food distribution sites.
Last May, former Human Rights Watch executive director Aryeh Neier—who was also reluctant to apply the term "genocide" to Israel's attack on Gaza—said Israel's "sustained policy of obstructing the movement of humanitarian assistance into the territory" was what finally convinced him the assault is a genocide.
While backing the militarized GHF aid operation, Israel has continued to block humanitarian assistance from entering Gaza through crossings and has prevented experienced aid groups from distributing food to starving Palestinians.
Israel "has always insisted that any threat to its security must be seen as potentially leading to another Auschwitz" and has portrayed its attack on Gaza—which it and its allies in the U.S. and other Western countries have persistently claimed it is targeting Hamas—as a fight against an enemy comparable to the Nazis.
"The daily scenes of horror in Gaza, from which the Israeli public is shielded by its own media's self-censorship, expose the lies of Israeli propaganda that this is a war of defense against a Nazi-like enemy," wrote Bartov.
Progressive political strategist Waleed Shahid suggested Bartov's conclusions flew in the face of recent comments by U.S. Senate Minority Leader Chuck Schumer (D-N.Y.), who in March said the term "genocide" as it related to Gaza should be rejected as antisemitism.
Bartov warned that the refusal of many Holocaust scholars and the political establishment in the U.S.—the largest international funder of the IDF—to confront the reality of Israel's attack on Gaza could ultimately make it impossible "to continue teaching and researching the Holocaust in the same manner we did before."
"Just as worrisome is the prospect that the study of genocide as a whole will not survive the accusations of antisemitism, leaving us without the crucial community of scholars and international jurists to stand in the breach at a time when the rise of intolerance, racial hatred, populism, and authoritarianism is threatening the values that were at the core of these scholarly, cultural, and political endeavors of the 20th century," wrote Bartov.
He expressed hope that "a new generation of Israelis will face their future without sheltering in the shadow of the Holocaust, even as they will have to bear the stain of the genocide in Gaza perpetrated in their name."
"Israel," he added, "will have to learn to live without falling back on the Holocaust as justification for inhumanity."
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