Items Tagged with 'Maxine Waters'

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  • Fed Chairman Powell tells Congress he would ignore Trump if fired

    “I fully intend to serve,” the nation’s top central banker said
    Federal Reserve Chairman Jerome Powell told Congress on Wednesday that he wouldn’t leave his post as the nation’s top central banker even if President Donald Trump fired him. Any whiff of instability at the top of the nation’s banking system could cause rates to rise as mortgage-bond investors seek additional compensation for perceived risk.
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  • House committee passes bill to end homelessness

    And four other bills
    Last week, the House Financial Services Committee held a markup of five bills, one of which addresses homelessness in the U.S. If it passes in the Senate, HR 1856, the Ending Homelessness Act, would provide $13.27 billion in new funding over the next five years to federal programs and initiatives to prevent homelessness.
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  • Wells Fargo CEO Tim Sloan lands $2 million bonus day after congressional beatdown

    Some members of Congress called for his firing, instead he got a raise
    Looks like Tim Sloan's week is looking up. On Tuesday, the Wells Fargo CEO received a brutal lashing from Congress during a four-hour hearing before the House Financial Services Committee, during which he was raked over the coals for the bank's numerous misdeeds. But just a day later, the board of directors gave Sloan a 5% raise, increasing his total pay to a whopping $18.4 million, which includes a $2 million bonus.
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  • From HW Magazine

    Servicers: There’s a new sheriff in town, and she has concerns

    Maxine Waters takes over House Financial Services Committee
    As a new Congress is seated and Democrats take control of the House of Representatives, one of the favorite new parlor games for mortgage market observers has been predicting what the priorities will be of the House Financial Services Committee under the leadership of its new Chairwoman, Representative Maxine Waters.
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