Items Tagged with 'Sen. Elizabeth Warren'

ARTICLES

  • Monday Morning Cup of Coffee: Federal Reserve Board to vote on lifting Wells Fargo’s growth restrictions

    Plus St. Louis Fed President James Bullard says further rate increases aren’t necessary
    Following pressure from Sen. Elizabeth Warren, Federal Reserve Chair Jerome Powell has indicated that the Fed's Board of Governors will hold a vote to decide whether or not to lift growth restrictions placed on the megabank. Plus, here's why Capital One putting a stop to mortgage lending is good for its investors.
    Read More
  • Monday Morning Cup of Coffee: Gloves come off in Warren vs. Mulvaney

    CFPB architect accuses acting director of being evasive and misleading about agency
    The battle between Sen. Elizabeth Warren, D-Mass., and CFPB Acting Director Mick Mulvaney just hit a whole other level. Warren, the architect of the CFPB, accused Mulvaney of ignoring or providing “evasive, misleading, or incomplete answers” to more than 100 questions asked of him by Democrats about the CFPB's activities. But Warren’s letter isn’t just tough talk. As the kids say, she’s got receipts.
    Read More
  • Trump picks Warren ally, former CFPB assistant director Rohit Chopra for FTC post

    Also served as senior adviser at Department of Education in Obama administration
    In what might seem like an unlikely move, President Donald Trump selected Rohit Chopra to serve as a member of the Federal Trade Commission. Chopra’s selection comes as bit of surprise, considering that Chopra is a close ally of Sen. Elizabeth Warren, a former member of Hillary Clinton’s transition team, a former Obama administration official, and a former assistant director of the CFPB. But due to FTC rules, some bipartisanship is necessary among the FTC Commissioners.
    Read More
  • Ginnie Mae investigating aggressive lenders targeting veterans for quick refinances

    Review comes on heels of CFPB report, inquiry from Sen. Elizabeth Warren
    Ginnie Mae is looking into a number of mortgage lenders that are aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages. Ginnie Mae’s investigation comes at the urging of Sen. Elizabeth Warren, D-Massachusetts, who raised concerns about lenders that may be “aggressively and misleadingly marketing the refinancing of mortgages backed by the Department of Veterans Affairs.”
    Read More
  • Warren calls on Fed to boot 12 Wells Fargo board members over fake accounts

    Says board members’ lax oversight allowed scandal to grow
    The fallout from Wells Fargo’s fake accounts scandal has been rightfully significant, but if Sen. Elizabeth Warren, D-Mass., has her way, the fallout will extend to a place it’s barely touched so far – Wells Fargo’s boardroom. On Monday, Warren sent a letter to the Federal Reserve Board of Governors, asking the Fed to remove all 12 of Wells Fargo’s board members who served during the time period that the fake account scandal took place.
    Read More
  • Katie Porter, California mortgage settlement monitor and Warren protégé, running for Congress

    Elizabeth Warren: "There's no one I trust more to take on Donald Trump"
    The coming battle for control of Congress in 2018 has a new combatant, one that would bring significant experience in the mortgage space to the House of Representatives. Katie Porter, who served as California’s independent monitor for the nationwide $25 billion National Mortgage Settlement and boasts Sen. Elizabeth Warren, D-Mass. as a mentor, announced that she is running for a seat in the House of Representatives in 2018.
    Read More
  • Here are the questions Elizabeth Warren wants Ben Carson to answer

    Warren publishes 35 questions she wants Carson to answer in confirmation hearing
    The eyes of the housing industry will be trained to Capitol Hill today, as Ben Carson, the former Republican presidential candidate, retired neurosurgeon, and President-elect Donald Trump’s choice to the lead the Department of Housing and Urban Development, appears for his confirmation hearing. In a letter sent to Carson in advance of his hearing, Sen. Elizabeth Warren revealed the questions she wants Carson to have an answer for when he appears before the committee – 35 of them, in all.
    Read More
  • Elizabeth Warren pledges to fight Trump, Republicans on Dodd-Frank, CFPB

    CFPB architect: Big banks cannot be 'turned loose' on U.S. economy
    Just in case anyone thought that the Democratic Party plans to stand idly by while President-elect Donald Trump and the Republican Party move to undo many of the financial reforms of the last eight years, one of its most outspoken members pledged this week to fight Trump and the Republicans every step of the way.
    Read More
  • Sen. Warren calls for Obama to oust SEC chair

    "The only way to return the SEC to its intended purpose is to change its leadership"
    In the eyes of Sen. Elizabeth Warren, D-Mass, the chair of the Securities and Exchange Commission does not do nearly enough to prevent the “flood” of money flowing from corporations into the election process and repeatedly “undermined” the SEC’s mission to protect investors, and therefore needs to replaced immediately.
    Read More
  • Wells Fargo CEO, former executive forfeit millions as bank launches investigation

    Bank's board answers calls to claw back executive compensation
    When Wells Fargo CEO John Stumpf appears before the House Financial Services Committee on Thursday for his next legislator-led beat down, he will do so with a lot less money in his wallet. The bank's board of directors announced Tuesday evening that it plans to claw back millions in stock options, bonuses, and other financial benefits from Stumpf, although the moves apparently weren’t enough for Stumpf’s loudest critic in Capitol Hill.
    Read More