Americans who default on some of their federal student loans are likely to pay more after Education Secretary Betsy DeVos reversed an Obama administration directive limiting some fees. But it turns out the Trump administration decision has some beneficiaries-including the father of a key DeVos lieutenant who just quit.
Category: Senator Elizabeth Warren
Trump Said to Weigh Political Risks of Firing CFPB’s Cordray
Since Donald Trump’s surprise election victory, he’s faced demands from Republican lawmakers to quickly oust the head of a controversial financial regulator. The president indicated this week that he’s proceeding cautiously.
How The Department Of Labor Organized Against Andrew Puzder
A Senate committee will begin hearings this week on the confirmation of Donald Trump’s nominee for labor secretary, fast-food magnate Andrew Puzder. And like most Trump cabinet nominations, Puzder is controversial.
Jeff Sessions Confirmed as U.S. Attorney General
The Senate confirmed Jeff Sessions as U.S. Attorney General on Wednesday, bringing to a close what became one of the most contentious debates over President Trump’s cabinet picks so far. The Senate voted to confirm Jeff Sessions as U.S. Attorney General on Wednesday, bringing to a close what became one of the most contentious debates over President Trump’s cabinet picks so far.
Dr. Alveda King: Sen. Warren Used the King Name to Stir Up Emotions
Dr. Alveda King, niece of Dr. Martin Luther King Jr., reacts to Sen. Elizabeth Warren (D-MA) quoting Dr. Martin Luther King Jr.'s wife in the Senate. The Senate voted along party lines in favor of a rule that essentially silenced Senator Elizabeth Warren on Tuesday night after she quoted from a letter written by Dr. Martin Luther King Jr.’s widow, Coretta Scott King, during her criticism of Sen. Jeff Sessions, Trump’s pick for Attorney General.
Republicans vote to silence Elizabeth Warren for reading…
Republicans voted to silence Sen. Elizabeth Warren of Massachusetts on Tuesday night, during a Senate floor debate over Sen. Jeff Sessions’ nomination as President Donald Trump’s attorney general. Warren, who is among the Democratic senators opposing Sessions’ appointment, attempted to read from a 1986 letter written by Coretta Scott King, the wife of civil-rights icon Martin Luther King, Jr. Senate Majority Leader Mitch McConnell stopped Warren, alleging her recitation of the letter violated Senate rule 19, which forbids conduct “unbecoming” of a senator.
Donald Trump Just Gave Wells Fargo a Break
But the tide has already begun to turn for the nation’s third biggest bank by assets, thanks in no small part to the new presidential administration. Earlier this week, the U.S. Labor Department removed a website it had created to log complaints from Wells Fargo employees who claimed to have been retaliated against by supervisors for blowing the whistle on a massive fake-account scandal that look place at the bank from at least 2011 through 2015.
Consumer Financial Protection Bureau Fights to Stay Alive Under Trump
The gloves are off. Supporters of the Consumer Financial Protection Bureau, the brainchild of Senator Elizabeth Warren , which is tasked with protecting consumers against financial fraud, unleashed a legal tsunami this week in efforts to save CEO Richard Cordray and stay independent under the Trump administration.
Democrats say Trump’s Washington hotel lost money pre-election, push for GSA action
Sen. Elizabeth Warren wants answers from the General Services Administration about possible violations of Trump’s Washington hotel lease. Leading Democrats on Capitol Hill say President Trump’s Washington hotel lost more than $1.1 million in the first two months of operations and renewed their assertions Monday that the project has violated its lease with the federal government and raised untenable conflicts of interest.
Goldman’s Donovan Said to Be Top Contender for Key Treasury Post
Goldman Sachs Group Inc. banker Jim Donovan is the front-runner to be Donald Trump’s pick for undersecretary of domestic finance, a key position in the Treasury department, according to a person familiar with the decision. If chosen and confirmed Donovan would be the fourth appointee with ties to the investment bank tapped to serve in the president-elect administration, and would be responsible for coordinating policies on banking, capital markets and regulation, and managing the issuance of the country’s debt.
US Sen. Warren seeks to pull pot shops out of banking limbo
In this Sept. 16, 2015, file photo, customers shop for marijuana inside a recreational marijuana store in Denver.