Bend awarded $5 million federal grant to fuel affordable housing production
Bend Bulletin The city of Bend has received a $5 million grant intended to kickstart affordable housing supply, the federal government announced Wednesday. Awarded through the U.S. Department of Housing and Urban Development, the grant set the course for the city to identify and address policies that slow affordable housing
Wyden, Merkley announce $30.1 million in ‘Payments in Lieu of Taxes’ to Oregon counties; $6 million to C. Oregon
KTVZ WASHINGTON (KTVZ) — Senators Ron Wyden and Jeff Merkley announced Thursday that counties throughout Oregon will receive more than $30.1 million in Payments in Lieu of Taxes (PILT) funding for 2024, including over $6 million for Deschutes, Crook and Jefferson counties. Because local governments cannot tax federal lands, annual PILT
Wyden, Merkley, colleagues call on Postal Service to prepare for November election
KTVZ WASHINGTON (KTVZ) — Senator Ron Wyden said Thursday he is leading Senate colleagues including fellow Oregon Senator Jeff Merkley in calling on Postmaster General DeJoy and the U.S. Postal Service to share their plans to accommodate high volumes of mail expected in the upcoming 2024 general election in Oregon and nationwide.
Pressures mount on Wells Fargo following fake-accounts scandal
Pressure mounted on Wells Fargo & Co. Friday following its fake-accounts scandal, as the bank faced new calls to allow affected customers to file lawsuits and for the board of directors to rescind the pay of a key senior executive. The demands came just one day after Chief Executive John
How Wells Fargo’s CEO Could Have Avoided His Senate Belly Flop
When Wells Fargo CEO John Stumpf stepped into the hearing room on Tuesday, the usually politically discordant Senate Banking Committee was united in a chorus of outrage. In fact, the Senate chorus could have sung the lyrics of a hit song from the Broadway hit Music Man: “O-ho the Wells
Senators seek Labor Department probe of Wells Fargo
Eight U.S. Democratic senators asked the Labor Department on Thursday to launch a probe into whether Wells Fargo (WFC.N) may have violated wage and working hour laws by failing to pay overtime to tellers and sales representatives who stayed late to meet sales quotas. The request comes after Wells Fargo
Here’s the Thing About That Wells Fargo Testimony
At the end of his thorough roasting in front of the Senate Banking Committee on Tuesday morning, Wells Fargo CEO John Stumpf found himself on the business end of some tough questions from Senator Jeff Merkley, Democrat of Oregon. Merkley cited the accounts given by a number of Wells Fargo employees—the kind of
Wells Fargo CEO Testifies Before Senate Banking Committee
Wells Fargo & Co. Chief Executive John Stumpf was attacked on Capitol Hill Tuesday by senators who contended that the bank’s leadership hadn’t taken enough responsibility for a scandal over its sales practices. Mr. Stumpf on Tuesday repeatedly apologized for the behavior that led to employees creating as many as
Elizabeth Warren Accuses Wells Fargo Chief of ‘Gutless Leadership’
WASHINGTON — The more the chief executive of Wells Fargo tried to explain, the more skeptical the senators became. For more than two hours testifying before the Senate Banking Committee on Tuesday, John G. Stumpf expressed regret that Wells Fargo had created as many as two million bogus bank and
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