The Federal Reserve announced comprehensive trading restrictions for senior officials following a major financial ethics scandal. In response to controversial trades by regional Fed bank presidents Robert Kaplan and Eric Rosengren during the Covid-19 pandemic, the Fed imposed strict new rules …
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On July 23, 2019, the Senate voted 90-8 to confirm Mark Esper as Secretary of Defense, installing a former Raytheon weapons lobbyist as head of the Pentagon with authority over approximately $700 billion in annual defense spending including contracts worth tens of billions to his former employer. …
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Wells Fargo CEO John Stumpf testifies before the Senate Banking Committee in a hearing titled “An Examination of Wells Fargo’s Unauthorized Accounts and the Regulatory Response.” Senator Elizabeth Warren delivers a devastating confrontation, accusing Stumpf of “gutless …
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President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, establishing the Consumer Financial Protection Bureau (CFPB) to regulate consumer financial products and protect Americans from predatory lending practices. The CFPB was the brainchild of Harvard Law …
Barack ObamaElizabeth WarrenRichard CordrayConsumer Financial Protection Bureau (CFPB)consumer-protectionregulatory-capturepredatory-lendingfinancial-reformelizabeth warren+1 more