BROWN, MERKLEY PUSH BACK ON OCC’S PLAN FOR FINANCIAL TECHNOLOGY CHARTER
WASHINGTON, D.C. – U.S. Sens. Sherrod Brown (D-OH) and Jeff Merkley (D-OR) today expressed concerns that a new federal charter for financial technology firms could weaken consumer protections, limit competition, and threaten financial stability. The Senators outlined their concerns in a letter to the head of the Office of the
Democratic Senators Criticize Fintech-Charter Plan
WASHINGTON—Two top Senate Democrats voiced concerns Monday about the national bank regulator’s plan to offer a federal banking license to financial technology firms, questioning whether the agency had the authority to do so, among other things. In their letter to the Office of the Comptroller of the Currency, Sens. Sherrod
Democrats are already building a case against Trump’s pick to lead Treasury Department
President-elect Donald Trump’s pick to lead the Treasury Department is likely to face a contentious confirmation battle centered on his purchase of a failed subprime mortgage lender that repeatedly has been accused of wrongful foreclosures. The formal vetting process for Steven T. Mnuchin, who served as Trump’s campaign finance chairman
Senate Democrats Press Wells Fargo Board For Answers on Sales Practices
Democrats on the Senate Banking Committee demanded Wells Fargo & Co.’s board respond to questions the bank has yet to answer related to its sales practices scandal, according to a letter reviewed by The Wall Street Journal. The senators asked the board for more information about its continuing independent investigation of the
Senate Democrats seek complaints about Mnuchin, the so-called ‘foreclosure king’
Senate Democrats are asking members of the public for complaints about Donald Trump’s choice to lead the U.S. Treasury, in a move that reveals how much they plan to focus on his involvement with a failed subprime mortgage lender. Democrats set up a web site on Friday regarding Steven Mnuchin and California-headquartered
Senate Dems: Were You Hurt By ‘Foreclosure King’ Steve Mnuchin?
Senate Democrats are dubbing President-elect Donald Trump’s pick for Secretary of Treasury Steven Mnuchin the “Foreclosure King” on a new website they’ve set up to solicit public complaints from people allegedly hurt by Mnuchin’s past work in financial services. Mnuchin– the former chief executive officer and chairman of OneWest Bank– was accused
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