File Photo – Office of Management and Budget Director Mick Mulvaney waits to testify before a Senate Budget Committee hearing on FY2018 Budget Proposals on Capitol Hill in Washington, U.S., May 25, 2017. REUTERS/Yuri Gripas WASHINGTON (Reuters) – A battle over... More »
(Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) has been thrown into disarray by a battle between the White House and Obama-era officials over who gets to run the federal watchdog on an interim basis after its director resigned. Outgoing direc... More »
Office of Management and Budget Director Mick Mulvaney attends the daily briefing at the White House in Washington, U.S., July 20, 2017. REUTERS/Carlos Barria WASHINGTON (Reuters) – A senior U.S. Consumer Financial Protection Bureau official filed suit late on... More »
Office of Management and Budget Director Mick Mulvaney attends the daily briefing at the White House in Washington, U.S., July 20, 2017. REUTERS/Carlos Barria WEST PALM BEACH, Fla./WASHINGTON (Reuters) – A battle between the White House and Democrats over warr... More »
Sunday's massacre in Las Vegas spurred a ritual-like response from U.S. politicians following the mass shootings that have left a trail of victims across the country: Democrats renewed demands for tougher gun laws while Republicans offered up prayers but showe... More »
The U.S. Senate on Monday confirmed Federal Communications Commission Chairman Ajit Pai for another five-year term on the telecommunications regulatory panel where he faces decisions over dismantling Obama-era internet protections and a major television statio... More »
Wells Fargo & Co. (WFC.N) has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the U.S. Congress next month to answer questions about a year-long sales practices scandal, according to four sources w... More »
Wells Fargo (WFC.N) Chief Executive Tim Sloan is due to testify before Congress on Oct. 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations. More »
Krassi Nikov evacuated his home in Houston on Tuesday with more than 2 feet (61 cm) of water inside. Flooded for the second time this year, he plans to collect on his flood insurance again and rebuild. More »
U.S. Sen. Elizabeth Warren (D-MA) speaks as the Democratic party leadership unveils their “Better Deal” for America in Berryville, Virginia, U.S., July 24, 2017. U.S. Senator Elizabeth Warren called on Federal Reserve Chair Janet Yellen to remove members of We... More »
U.S. Senator John McCain speaks during a news conference in Kabul, Afghanistan July 4, 2017. REUTERS/Mohammad Ismail A bipartisan delegation of U.S. senators visiting Afghanistan on Tuesday called for a new strategy from the Trump administration to turn the ti... More »
Virginia Democratic governor-elect Terry McAuliffe (R) celebrates with lieutenant governor-elect Ralph Northam (L) at their election night victory rally in Tyson’s Corner, Virginia November 5, 2013. REUTERS/Gary Cameron Virginia’s lieutenant governor will face... More »
Chairman of the Senate Banking, Housing, and Urban Affairs Committee Mike Crapo (R-ID) hearing listens to testimony from Federal Reserve Chairman Janet Yellen on the “Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., Febru... More »
Tom Perez addresses the audience after being elected Democratic National Chair during the Democratic National Committee winter meeting in Atlanta, Georgia. February 25, 2017. REUTERS/Chris Berry U.S. Democrats elected former Labor Secretary Tom Perez as chairm... More »
A U.S. appeals court said on Thursday it will reconsider an October ruling that the Consumer Financial Protection Bureau’s structure is unconstitutional, virtually guaranteeing the battle over an agency borne of the financial crisis will reach the Supreme Cour... More »
Republicans lawmakers are starting to put in motion plans to destroy or defang the U.S. agency intended to protect individuals from financial fraud. More »
U.S. President Donald Trump (L) watches as Vice President Mike Pence (R) swears in Steve Mnuchin as Treasury Secretary next to his fiancée Louise Linton in the Oval Office of the White House in Washington February 13, 2017. REUTERS/Yuri Gripas President Donald... More »
Steven Mnuchin testifies before a Senate Finance Committee confirmation hearing on his nomination to be Treasury secretary in Washington, U.S., January 19, 2017. REUTERS/Joshua Roberts The U.S. Senate is expected to confirm former Goldman Sachs banker and Holl... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo – RTSS9SM Two U.S. senators are seeking details from Goldman Sachs Group Inc’s (GS.N) chief executive on the extent to which the bank’s empl... More »
FILE PHOTO – U.S. Sen. Jeff Sessions (R-AL) testifies at a Senate Judiciary Committee confirmation hearing for Sessions to become U.S. attorney general on Capitol Hill in Washington, U.S. January 10, 2017. REUTERS/Kevin Lamarque/File Photo A bitterly divided U... More »
After signing, U.S. President Donald Trump holds up an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington February 3, 2017. REUTERS/Kevin Lamarque U.S. President Donald Trump on Friday o... More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo – RTX2TOT5 A private U.S. regulator launched a hotline on Friday to hear from ex-Wells Fargo & Co employees who were fired for all... More »
A Wells Fargo bank is seen in Del Mar, California January 17, 2012. REUTERS/Mike Blake Wells Fargo & Co (WFC.N) has fired hundreds of employees with Wall Street licenses for improper sales practices, three U.S. senators said on Thursday. More »
U.S. Democratic presidential nominee Hillary Clinton speaks at a voter registration rally at Wayne State University in Detroit, Michigan, U.S. October 10, 2016. REUTERS/Lucy Nicholson A longtime political adviser to Hillary Clinton last year urged her presiden... More »
U.S. Democratic presidential nominee Hillary Clinton boards her campaign plane in Charlotte, North Carolina, United States October 2, 2016. REUTERS/Brian Snyder U.S. presidential candidate Hillary Clinton on Monday will unveil a plan to make it easier for cons... More »
Wells Fargo CEO John Stumpf testifies before the House Financial Services Committee on Capitol Hill in Washington, DC, U.S. September 29, 2016. REUTERS/Gary Cameron U.S. lawmakers called on Thursday for Wells Fargo & Co chief John Stumpf to resign and a top Ho... More »
NEW YORK U.S. Senator Elizabeth Warren is calling for U.S. Department of Labor hearings on whether banks accused of rigging foreign exchange markets should be allowed to manage retirement accounts, the Financial Times reported on Sunday. “When banks plead guil... More »
WASHINGTON U.S. Senator Elizabeth Warren hit back at President Barack Obama in their tussle over “fast-track” authorization to negotiate a Pacific Rim trade treaty, a power she says could be used in the future to weaken Wall Street reforms. The president, who ... More »
WASHINGTON/NEW YORK/DES MOINES, Iowa (Reuters) – Hillary Clinton, under pressure from the left wing of her Democratic Party to aggressively campaign against income inequality, voiced concern about the hefty paychecks of some corporate executives in an email to... More »
WASHINGTON (Reuters) – Senator Elizabeth Warren said Friday that the Labor Department should press ahead with brokerage industry reforms, and not be deterred by the Securities and Exchange Commission’s plans to adopt its own separate rules. President Barack... More »
WASHINGTON (Reuters) – President Barack Obama took aim at his Republican opponents and his gaffe-prone vice president on Saturday in a satirical speech that included a roast of his former Secretary of State Hillary Clinton over her recent problems with email. ... More »
WASHINGTON (Reuters) – Two U.S. Democratic lawmakers on Thursday asked giant banks including JPMorgan Chase & Co (JPM.N) to explain how they will manage swaps trading activities after lawmakers weakened rules for those operations at the end of 2014. The U.S. C... More »
WASHINGTON (Reuters) – President Barack Obama’s vision of a stronger and more expensive safety net for middle class and poor Americans stands little chance of becoming law this year, but it could shape the debate for the 2016 election. With his clout fast dimi... More »
WASHINGTON (Reuters) – The U.S. Senate on Saturday passed a $1.1 trillion spending bill that lifts the threat of a government shutdown as Congress attempts to wrap up a two-year legislative session marked by bitter partisanship and few major accomplishments. T... More »
WASHINGTON (Reuters) – Mitt Romney, the Republican Party’s unsuccessful presidential nominee in 2012, leads the field for the 2016 election among Republican voters, according to a Quinnipiac University poll released on Wednesday. The former Massachusetts gover... More »
WASHINGTON (Reuters) – Goldman Sachs Group Inc (GS.N ) will rebut on Thursday allegations made by a powerful Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advanta... More »
NASHUA New Hampshire (Reuters) – Long viewed as an ally by Wall Street, likely 2016 presidential contender Hillary Clinton has increasingly been taking banks and big business to task while on the campaign trail for Democrats across the country. Many Democratic... More »
WASHINGTON (Reuters) – The high-profile U.S. Senate race in Iowa is a dead heat, with Democratic Representative Bruce Braley and Republican state Senator Joni Ernst each garnering the support of 45 percent of likely voters, according to a new Reuters/Ipsos pol... More »
DES MOINES (Reuters) – Vice President Joe Biden apologized on Wednesday for referring to people who squeeze U.S. military personnel serving overseas on loans and other financial issues as “Shylocks,” a reference to a stereotypical Jewish character in Shakespea... More »
CONCORD N.H. (Reuters) – Former Massachusetts U.S. Senator Scott Brown won the nod from New Hampshire Republican voters on Tuesday to take on Democratic incumbent Jeanne Shaheen in November, in a race his party sees as a chance to gain control of the Senate. T... More »
WASHINGTON/NEW YORK (Reuters) – U.S. retailer Walgreen Co (WAG.N ) has backed away from a plan to reincorporate abroad to cut its U.S. tax bill, while the Obama administration said it was considering steps to curb such corporate tax domicile-shifting deals. Wa... More »
WASHINGTON (Reuters) – Legislation to allow student loan borrowers to refinance at lower interest rates failed to clear a procedural hurdle in the U.S. Senate on Wednesday, dooming a measure that was a Democratic priority ahead of November congressional electi... More »
WASHINGTON (Reuters) – U.S. lawmakers at a Senate hearing on Wednesday pushed financial regulators to speed up efforts to limit Wall Street’s role in physical commodities markets, pressing for a pivotal policy shift after a decade of deepening trade. A day ahe... More »
WASHINGTON (Reuters) – New rules to simplify the paperwork consumers receive when they apply for loans will take effect in August 2015 as part of a U.S. effort to make it easier to shop for mortgages. The Consumer Financial Protection Bureau said on Wednesday ... More »
WASHINGTON (Reuters) – President Barack Obama on Tuesday named Timothy Massad, a lawyer who oversaw the U.S. government’s $700 billion bank bailout program, as the next head of one of Wall Street’s most powerful supervisors. If confirmed by the Senate as chair... More »
WASHINGTON (Reuters) – The Senate on Wednesday approved a bipartisan deal to reverse a recent spike in interest rates on millions of new federal student loans. The legislation now moves to the House of Representatives, which is hoping to approve the deal befor... More »
BOSTON (Reuters) – The Republican underdog fighting for Massachusetts’ open U.S. Senate seat in a Tuesday debate attacked his rival, a veteran Democratic congressman, over recently revealed programs in which federal agencies track Americans’ use of phones and ... More »
BOSTON (Reuters) – The candidates fighting for Massachusetts’ open seat in the U.S. Senate staked out contrasting positions on recent revelations that the National Security Agency was tracking Americans’ use of phones and the Internet in a debate on Tuesday. V... More »
