WASHINGTON – The Senate confirmed billionaire businessman Wilbur Ross as commerce secretary Monday night after two Democratic members seared the White House for refusing to release Ross’s written response to questions about his banking ties to Russia’s oligarchs. Ross, 79, is a billionaire who has turned around high-profile companies in the
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement in response to President Trump’s plan to gut Wall Street oversight by rolling back key pieces of the reforms that were put in place following the 2008 financial crisis: “Eight years ago, following a decade of predatory home-lending and
WASHINGTON—Two top Senate Democrats voiced concerns Monday about the national bank regulator’s plan to offer a federal banking license to financial technology firms, questioning whether the agency had the authority to do so, among other things. In their letter to the Office of the Comptroller of the Currency, Sens. Sherrod
Democrats on the Senate Banking Committee demanded Wells Fargo & Co.’s board respond to questions the bank has yet to answer related to its sales practices scandal, according to a letter reviewed by The Wall Street Journal. The senators asked the board for more information about its continuing independent investigation of the
Senate Democrats are asking members of the public for complaints about Donald Trump’s choice to lead the U.S. Treasury, in a move that reveals how much they plan to focus on his involvement with a failed subprime mortgage lender. Democrats set up a web site on Friday regarding Steven Mnuchin and California-headquartered
Senate Democrats are dubbing President-elect Donald Trump’s pick for Secretary of Treasury Steven Mnuchin the “Foreclosure King” on a new website they’ve set up to solicit public complaints from people allegedly hurt by Mnuchin’s past work in financial services. Mnuchin– the former chief executive officer and chairman of OneWest Bank– was accused
WASHINGTON, D.C. – Today, U.S. Senators Jeff Merkley (D-OR), Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) announced that Senate Democrats have launched a new website inviting Americans to share their personal stories of being impacted by the foreclosure practices of Donald Trump’s Treasury Secretary nominee, foreclosure king Steve Mnuchin. “Donald
Five Democratic senators on Thursday unveiled a bill they plan to release next month that would require Donald Trump to divest assets that risk a conflict of interest and place the proceeds in a blind trust as well as require his appointees to step aside from official decisions that could
WASHINGTON, D.C. – Today, a bipartisan group of Senators led by Oregon’s Senator Jeff Merkley pressed a key federal regulator to take further action to ensure that vendors working with legal marijuana businesses in states that have legalized recreational or medicinal marijuana do not have their banking services taken away.
A group of Senate Democrats is urging President-elect Donald Trump’s nominee for education secretary, Betsy DeVos, to pay $5.3 million in fines imposed on her political action committee for campaign finance violations in Ohio eight years ago. “As secretary of education, Betsy DeVos would be responsible for overseeing the nation’s student loan
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