Finance

Federal Financial Regulators Assure Congress They Seek Minorities and Women in Workforce
In The News
Federal Financial Regulators Assure Congress They Seek Minorities and Women in Workforce
2020-09-09 16:32:36
by Tom Ramstack

WASHINGTON — Representatives from federal financial agencies defended their record on hiring women and minorities Tuesday while members of a congressional subcommittee accused them of an uninspired effort. “I’m not sensing that we’re making a lot of progress here,” said... Read More

A Seattle Police Officer’s Extraordinary Pay Raises Questions Department Can’t Answer
In The States
A Seattle Police Officer’s Extraordinary Pay Raises Questions Department Can’t Answer

SEATTLE — Seattle Police Officer Ron Willis was exceptionally busy in 2019 — so much so that he crammed the work of two years into just one. Willis, a 58-year-old patrol officer, made $414,543.06 last year — more than the... Read More

Senate Committee on Aging Reports on Financial Challenges Women Face
Aging
Senate Committee on Aging Reports on Financial Challenges Women Face
2020-08-20 15:35:05
by Gracie Kreth

WASHINGTON - United States Senators Susan Collins, R-Maine, and Bob Casey, D-Penn., the chairman and ranking member, respectively, of the Special Committee on Aging, released a report last week examining the challenges older women face preparing financially for retirement.  During... Read More

Supreme Court Holds SEC Can Recoup Money in Fraud Cases
Finance
Supreme Court Holds SEC Can Recoup Money in Fraud Cases
2020-06-22 16:45:01
by Dan McCue

WASHINGTON - With decisions in several high profile cases pending -- including one on whether President Donald Trump can shield his financial records from Congressional scrutiny --  the U.S. Supreme court on Monday opted to rule on a case with... Read More

NY Stock Exchange Reopens for First Time in Two Months
Finance
NY Stock Exchange Reopens for First Time in Two Months
2020-05-26 18:02:58
by Dan McCue

The trading floor of the New York Stock Exchange reopened Tuesday, and though it was largely seen as a symbolic first step toward economic recovery, the financial markets opened with a surge of optimism. In early trading, the Dow Jones... Read More

Ratings Agency Says Non-Bank Mortgage Lenders Face 'Intense' Liquidity Crunch
Economy
Ratings Agency Says Non-Bank Mortgage Lenders Face 'Intense' Liquidity Crunch
2020-04-03 16:44:54
by Dan McCue

WASHINGTON - The rating agency Moody's downgraded its outlook for non-bank mortgage lenders in the U.S. from "stable" to "negative" on Thursday, warning the industry faces "intense" liquidity problems due to the ongoing coronavirus outbreak. As previously reported in The... Read More

Burr Faces Lawsuit Over Sale of Up to $1.7 Million in Stock
Litigation
Burr Faces Lawsuit Over Sale of Up to $1.7 Million in Stock

CHARLOTTE, N.C. — Fallout continued this week over revelations that U.S. Sen. Richard Burr dumped up to $1.7 million in stock after private briefings about the coronavirus, including a personal lawsuit against him. Politico reported the shareholder suit against Burr... Read More

Warren Stand on Private Equity Under Scrutiny at House Hearing
Finance
Warren Stand on Private Equity Under Scrutiny at House Hearing
2019-12-06 21:36:54
by Dan McCue

WASHINGTON - Massachusetts Sen. Elizabeth Warren may score political points with the far left-wing of her party by vowing to rein in the ills of the private equity industry, but her proposals came under fire at a recent House Financial... Read More

Zuckerberg Threatened With Facebook Breakup
Congress
Zuckerberg Threatened With Facebook Breakup

WASHINGTON — Facebook CEO Mark Zuckerberg faced a threat to break up his company as a congressional hearing opened on the social media giant’s proposal to establish a cryptocurrency, Libra. The cryptocurrency proposal drew scrutiny due to Facebook Inc.’s enormous... Read More

Democrats Seek Insider Trading Probe After ‘Trump Chaos’ Article
Finance
Democrats Seek Insider Trading Probe After ‘Trump Chaos’ Article

WASHINGTON — Democratic lawmakers are increasingly demanding that U.S. authorities investigate allegations raised in a recent magazine article that traders might be using nonpublic government information to reap huge illegal profits, even as the exchange where the transactions purportedly took... Read More

Gottheimer Amendment to Help Senior Investors Passes House
Finance
Gottheimer Amendment to Help Senior Investors Passes House
2019-10-18 21:23:06
by Dan McCue

WASHINGTON - The House has passed an amendment offered on the floor by Rep. Josh Gottheimer that will ensure the U.S. Securities and Exchange Commission gives specific consideration to senior investors and the challenges they face. The amendment to H.R.... Read More

House Passes Bill Granting Marijuana Businesses Access to Banking
Economy
House Passes Bill Granting Marijuana Businesses Access to Banking
2019-09-27 20:59:45
by Dan McCue

WASHINGTON - The House passed a bill earlier this week that would grant legal marijuana businesses access to banking, resolving a longstanding challenge for the growing industry. The bill, called the SAFE Banking Act, passed 321-103 on the strength of... Read More

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