Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
By GEORGE F. WILL WASHINGTON -- Another small step was taken last week on the steep and winding ascent back to constitutional norms. The U.S. Court of Appeals for the D.C. Circuit, the nation's second-most important court, did its judicial duty by reprimanding Congress for abandoning constitutional propriety.
Donald Trump's threat to imprison Hillary Clinton if he wins the presidency - "You'd be in jail" - may have stirred unease for the cast of Massachusetts politicians who have gone out of their way to savage him. Senator Elizabeth Warren has ridiculed him as "a small, insecure money grubber."
WASHINGTON – Mike Pence said Sunday he and Donald Trump will abide by “the will of the American people” on Election Day, and suggested that Trump's claim of a 'rigged” election stems from his belief the media is ganging up on him.
Mike Pence said Sunday he and Donald Trump will abide by "the will of the American people" on Election Day, and suggested that Trump's claim of a "rigged" election stems from his belief the media is ganging up on him. "We will absolutely accept the results of the election," Pence said in television interviews.
Mike Pence said Sunday he and Donald Trump will abide by "the will of the American people" on Election Day, and suggested that Trump's claim of a 'rigged" election stems from his belief the media is ganging up on him. "We will absolutely accept the results of the election," Pence said in television interviews.
U.S. Sen. Elizabeth Warren, a proponent of strong financial regulation, turned up the heat on the country's top securities regulator on Friday, urging President Barack Obama to fire Securities and Exchange Commission Chair Mary Jo White. Warren, a Democrat, has often criticized White in the past, but this was the first time she has called for her ouster.
Wells Fargo's earnings slipped in the third quarter, the bank said Friday, as the banking giant started dealing with the aftermath of a sales practices scandal that has consumed it in recent weeks. Wells said it earned $5.6 billion, or $1.03 per share, compared with $5.8 billion, or $1.05 per share, in the same period a year earlier.
Wells Fargo's embattled CEO John Stumpf is stepping down as the nation's second-largest bank is roiled by a scandal over its sales practices. The San Francisco bank said Stumpf is retiring effective immediately and also relinquishing his title as chairman.
Stumpf will forfeit $41 million in stock awards and won't receive any severance pay, but his departure has done little to quell lawmakers' anger with America's second-largest bank. In this Thursday, Sept.
Wells Fargo's notorious pressure-cooker culture led the bank to force some hourly employees to work late without overtime pay, former workers say. The mandatory overtime took place during "call nights," where workers would call customers to sell them additional products like credit cards in an effort to meet the unrealistic sales goals.
At least five Wells Fargo employees have sued the bank or filed complaints with regulators alleging that they were fired after reporting the opening of customer accounts without their permission, according to a Reuters review of lawsuits and complaints to the U.S. Labor Department. The suits and complaints, filed between 2010 and 2014, raise questions about how early Wells Fargo knew about such allegations and how it handled them.
The Education Department is pursuing debt collection - rather than debt relief - for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in a blistering critique of the administration's actions. The Massachusetts Democrat reported the findings of a staff investigation in a letter Thursday to Education Secretary John B. King Jr. "It is unconscionable that instead of helping these borrowers, vast numbers of Corinthian victims are currently being hounded by the department's debt collectors," she said.
Wells Fargo chief executive John Stumpf offered more apologies and excuses Thursday during his appearance before the House Financial Services Committee. REUTERS/Gary Cameron For the second time this month, Wells Fargo chief executive John Stumpf was greeted with a barrage of hostile questions from members of Congress, when he testified Thursday before the House Financial Services Committee about the bank's phony-account affair.
"Late Show" host Stephen Colbert on Wednesday detailed the fallout at San Francisco-based bank, Wells Fargo, which accrued $185 million in regulatory fines earlier this month after opening "roughly 1.5 million bank accounts and applied for 565,000 credit cards that may not have been authorized by customers," according to The New York Times . Wells CEO John G. Stumpf testified before the Senate Banking Committee last Tuesday and received an earful from Massachusetts Senator Elizabeth Warren.
U.S. companies operating abroad pay less U.S. tax when they pay foreign taxes as well. What's wrong with this picture? When the European Commission recently recently declared that Apple's tax rate in Ireland was unfairly low and that the company should have to pay $14.5 billion in back taxes, that ruling triggered a hearty round of applause from critics such as former U.S. Labor Secretary Robert Reich and Massachusetts Senator Elizabeth Warren .
Facing bipartisan outrage from a Senate panel over accusations of employee misconduct, Well Fargo CEO John Stumpf appeared taken aback by the intensity of the verbal lashing. At a few points, he seemed flustered and stumbled a bit over his words.
Wells Fargo Chief Executive Officer John Stumpf prepares to testify on Capitol Hill in Washington, Tuesday, Sept. 20, 2016, before Senate Banking Committee.
The CEO of Wells Fargo faced accusations of fraud and calls for his resignation Tuesday from harshly critical senators at a hearing over allegations that bank employees opened millions of accounts customers didn't know about to meet aggressive sales quotas. Members of the Senate Banking Committee showed bipartisan outrage over the long-running conduct, unsatisfied by Chief Executive John Stumpf's show of contrition.
Wells Fargo chairman & CEO John Stumpf is interviewed by Maria Bartiromo during her "Mornings with Maria Bartiromo" program on the Fox Business Network, Dec. 7, 2015, in New York. Wells Fargo is in the spotlight after its employees allegedly created up to 2 million bank and credit card accounts, transferred customers' money without telling them and even created fake email addresses to sign people up for online banking in an effort to meet lofty sales goals.
Top executives at Wells Fargo have thus far managed to dodge any responsibility for their role in a yearslong scandal that last week earned it $185 million in fines, including a $100 million levy from the Consumer Financial Protection Bureau - the largest the watchdog agency has ever assessed. The bureau said that beginning in 2011, Wells Fargo employees routinely used legitimate customers' names to create phony credit, debit, and checking accounts - as many as 2 million in an effort to meet sales goals.