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  • Former Trump campaign chair Paul Manafort found guilty of tax, bank fraud

    President Donald Trump's former campaign chair was just found guilty of tax and bank fraud. A jury in Alexandria, Virginia, found former Trump presidential campaign chair Paul Manafort guilty on eight charges of tax and bank fraud. The jury, which was deliberating 18 total charges, was unable to reach a consensus on 10 of the counts. Click the headline for the full story.

Items Tagged with 'President Donald Trump'

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  • Trump "not thrilled" with interest rate hikes

    In an interview with CNBC, Trump criticized the Fed's decision to raise interest rates
    President Donald Trump says he is "not thrilled" with rising interest rates and that he is "frustrated" with the Federal Reserve. The president said he fears raising interest rates could jeopardize the economic recovery.
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  • Monday Morning Cup of Coffee: Trump to nominate Kathy Kraninger to lead CFPB

    White House confirms OMB official will be named to lead agency
    On Saturday, the White House confirmed that President Donald Trump will nominate Office of Management and Budget official Kathy Kraninger to lead the Consumer Financial Protection Agency. Plus, Zillow and Trulia are hit with a patent infringement lawsuit and megabanks are set to pay out more than $170 billion to shareholders.
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  • Fifth Third exec Jelena McWilliams to become FDIC chair

    Former Senate staffer confirmed to replace Martin Gruenberg
    President Donald Trump’s remaking of the country’s financial regulatory system is about to take another step forward, as another of Trump’s handpicked choices is about to take over at one of the nation’s top financial regulators. On Thursday, the Senate voted to approve Jelena McWilliams to take over as the next chair of the Federal Deposit Insurance Corp.
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  • Former CFPB Director Richard Cordray secures Democratic nomination for Ohio governor

    Trump calls Cordray’s tenure at CFPB a “big failure”
    Former CFPB Director Richard Cordray secured the Democratic nomination for Ohio governor with a sizable victory over former Presidential candidate Dennis Kucinich. Cordray will face off against Mike DeWine, Ohio's attorney general, who has the support of President Donald Trump. In praising DeWine, Trump also called Cordray's tenure at the CFPB a "big failure."
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  • Federal judge finalizes $25 million Trump University settlement

    Schneiderman: Victims of fraudulent university will finally receive relief
    Participants in President Donald Trump’s failed real estate school will soon be able to receive their share of the $25 million settlement Trump reached with the state of New York back in 2016. New York Attorney General Eric Schneiderman announced Monday that District Court Judge Gonzalo Curiel issued an order that finalizes the settlement, which stemmed from a lawsuit filed by Schneiderman’s office in 2013.
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  • Gary Cohn resigning as top White House economic advisor

    Resignation comes after rumored fight over tariffs
    Gary Cohn is resigning from his position as White House National Economic Council director, the New York Times reported Tuesday. It appears that President Donald Trump’s recent announcement that the U.S. plans to impose a 25% tariff on steel imports and a 10% tariff on aluminum was Cohn’s bridge too far.
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  • 113 congressional Republicans declare support for Mick Mulvaney as CFPB director

    File amicus brief in legal battle over bureau’s interim director
    Late last week, a group of 113 congressional Republicans declared their support for President Donald Trump’s authority to name Mick Mulvaney as the interim director of the Consumer Financial Protection Bureau. The Republicans argue that Leandra English's assertion that she should be leading the CFPB has no merit.
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  • Paul Manafort now facing raft of bank, mortgage fraud charges

    Investigation leads to more charges against former Trump campaign manager
    Paul Manafort, who served as President Donald Trump’s campaign manager for five months in 2016, is now facing a number of bank and mortgage fraud charges as DOJ special counsel Robert Mueller’s investigation digs deeper into Manafort’s past. From the indictment: “Manafort and Gates fraudulently secured more than twenty million dollars in loans by falsely inflating Manafort’s and his company’s income and by failing to disclose existing debt in order to qualify for the loans.”
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  • Mueller reportedly probing whether Manafort promised White House job to bank CEO to get mortgages

    NBC reports investigation focuses on CEO of The Federal Savings Bank
    Justice Department special counsel Robert Mueller recently accused Paul Manafort, who served as President Donald Trump’s campaign manager in 2016, of committing a “series of false and fraudulent representations” to obtain a $9+ million mortgage from The Federal Savings Bank. Now, Mueller’s team is reportedly investigating whether Manafort promised a White House job to Stephen Calk, the CEO of The Federal Savings Bank, to get the mortgage in question.
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  • Monday Morning Cup of Coffee: Countrywide, LandSafe accused of fraudulent appraisals during housing boom

    Plus, Mueller says Manafort committed mortgage malfeasance
    In today's Monday Morning Cup of Coffee: A federal judge recently granted class-action status to a lawsuit alleging that Countrywide Financial used LandSafe to conduct “sham” appraisals to increase the number of loans Countrywide originated during the mid-2000s. Plus, former Trump campaign manager Paul Manafort was accused of some mortgage misconduct. Click the headline for more.
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