Former Trump campaign chairman Paul Manafort has drawn a new accusation of bank fraud from U.S. Special Counsel Robert Mueller’s office, according to court documents made public on Friday.
A legal victory for Collateralized Loan Obligation (CLO) funds may help President Donald Trump’s efforts to dismantle the Dodd-Frank Act, a massive regulatory package that was signed into law by his predecessor, President Barack Obama.
Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve on Friday that sent its shares down sharply in after-hours trading, as the third-largest U.S. bank continues to reel from a sales scandal that erupted in 2016.
Equifax said in September that hackers stole personal data it had collected on some 143 million Americans. Richard Cordray, then the CFPB director, authorized an investigation that month, said former officials familiar with the probe.
Morgan Stanley must face a lawsuit by Deutsche Bank National Trust accusing it of putting defective loans in a mortgage-backed securities trust and saddling investors with $306 million in losses, a Manhattan federal judge has ruled.
The acting head of the U.S. Consumer Financial Protection Bureau is requesting no new operating funds, opting instead to finance a slimmed-down budget by shrinking a reserve fund established by his predecessor at the agency that has been fiercely criticized by the financial industry.
An official who hopes to lead the Consumer Financial Protection Bureau on Friday took her fight to a U.S. appeals court, urging it to oust President Donald Trump’s pick for the agency.
Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $500 million of benchmark bills at higher interest rates compared with last week’s sale of similar maturities.
Democratic Senator Elizabeth Warren is taking aim at budget chief Mick Mulvaney’s plan to fill the ranks of the U.S. consumer financial watchdog with political allies, according to letters seen by Reuters, the latest salvo in a broader battle over who should run the bureau.
Millions of households would no longer benefit from federal tax deductions for charity donations, mortgage interest payments and property tax under Republican tax plans being debated in the U.S. Congress, a think tank said on Thursday.