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Politics Maxine Waters

  • WASHINGTON— A bitterly divided Senate on Monday confirmed Steven Mnuchin as treasury secretary despite strong objections by Democrats that the former banker ran a "foreclosure machine" when he headed OneWest Bank. Orrin Hatch, R- Utah, chairman of the Finance Committee. Votes on Trump's Cabinet picks have exposed deep partisan divisions in the...

  • WASHINGTON, Feb 2- A U.S. appeals court on Thursday rejected separate bids by 16 states and two Democratic lawmakers to defend the U.S. Consumer Financial Protection Bureau in a legal battle that could defang the agency created under former President Barack Obama. In a brief order, a three-judge panel of the U.S. Court of Appeals for the District of Columbia...

  • Required by the 2010 Dodd-Frank Wall Street reform law, the Securities and Exchange Commission's "extraction rule" was approved this summer to require companies such as Exxon Mobil Corp and Chevron Corp to publicly state the taxes and other fees they pay to governments. After a series of legal battles the SEC in June 2016 finally completed the rule, which...

  • Michigan Republican Bill Huizenga, who chairs the House of Representatives Financial Services subcommittee on capital markets, and Oklahoma Republican James Inhofe, chairman of the Senate Environment Committee, took aim at the U.S. Securities and Exchange Commission's so-called "resource extraction" rule, saying it makes it harder for U.S. energy...

  • NEW YORK, Oct 13- The Tim Sloan era has begun at Wells Fargo but the old problems remain. Wall Street will be his first port of call when he presents third-quarter results on Friday. "I remain concerned that incoming CEO Tim Sloan is also culpable in the recent scandal, serving in a central role in the chain of command that ought to have stopped this misconduct from...

  • John Stumpf, former president and CEO of Wells Fargo & Co.

    It comes amid the company's response to a fake account scandal that left Stumpf defending the bank on Capitol Hill.

  • WASHINGTON/ NEW YORK, Sept 29- U.S. lawmakers called on Thursday for Wells Fargo& Co chief John Stumpf to resign and a top House Democrat demanded the bank be broken up because it is too big to manage. Wells Fargo staff opened checking, savings and credit card accounts without customer say-so for years to satisfy managers' demand for new business, according to a $190...

  • WASHINGTON/ NEW YORK, Sept 29- U.S. lawmakers called for Wells Fargo& Co chief John Stumpf to resign on Thursday and a top House Democrat demanded the bank be broken because it is too big to manage. Stumpf's second trip to Capitol Hill on Thursday went no better than his first as lawmakers from both parties angrily rebuked his handling of sales abuses and said the bank...

  • WASHINGTON/ NEW YORK, Sept 29- Wells Fargo& Co chief John Stumpf's second trip to Capitol Hill on Thursday went no better than his first as lawmakers from both parties angrily rebuked him for the handling of sales abuses and said the bank has damaged customer trust as well as the broader banking system. Representative Mick Mulvaney, a South Carolina Republican,...

  • WASHINGTON/ NEW YORK, Sept 29- Wells Fargo& Co Chief Executive Officer John Stumpf on Thursday offered Capitol Hill lawmakers a series of actions to fix widespread sales abuses but remained defensive on issues like consumer lawsuits, the weakness of an internal investigation and his sale of Wells Fargo shares. Jeb Hensarling, the Republican chairman of the...

  • WASHINGTON/ NEW YORK, Sept 29- Wells Fargo& Co Chief Executive Officer John Stumpf returned to Capitol Hill on Thursday offering a package of actions to fix widespread sales abuses that have exploded into a scandal in Washington and on Wall Street. Stumpf, who again faced tough questioning, told House of Representatives lawmakers that Wells Fargo will eliminate...

  • Sept 29- Wells Fargo& Co Chief Executive Officer John Stumpf returns to Capitol Hill on Thursday with his job under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street. Stumpf will appear before the House Financial Services Committee, his second congressional appearance in...

  • Sept 29- Wells Fargo& Co's Chief Executive John Stumpf returns to Capitol Hill on Thursday with his job still under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street. California, Wells Fargo's home state, suspended business relationships with the bank for a year on Wednesday...

  • WASHINGTON, Sept 13- Wells Fargo's practices of putting customers into fake accounts, which last week led the U.S. government to fine it $190 million, took center stage in Congress on Tuesday with staff members for Republicans on the Senate Banking Committee set to meet with representatives of the bank. Torrie Matous, spokeswoman for the committee's chairman,...

  • WASHINGTON, Sept 13- Wells Fargo's practices of putting customers into fake accounts, which last week led the U.S. government to fine the bank $190 million, took center stage in Congress on Tuesday with staff members for the Senate Banking Committee set to meet with representatives of the bank. Torrie Matous, a spokeswoman for the committee's chairman, Richard...

  • WASHINGTON, Sept 13- The U.S. House Financial Services Committee is expected on Tuesday to pass a revamp of the Dodd-Frank Wall Street reform law, but the bill is not anticipated to receive President Barack Obama's signature if it ever reaches his desk. Critics say Congress went too far in its attempt to clamp down on Wall Street and prevent another financial...