The U.S. Justice Department is pushing ahead with its investigation of New York Attorney General Letitia James over mortgage fraud allegations after President Donald Trump demanded the case move forward, according to people familiar with the matter. The case is still being pursued through the U.S. attorney’s office for the Eastern District of Virginia in […]
Letitia James mortgage fraud probe is moving ahead at DOJ Read More »
Bloomberg News In 2018, the Federal Reserve Board’s total growth restriction on Wells Fargo established a new tool for dealing with large banks with broken compliance cultures. Many in and around the banking space viewed the $1.95 trillion asset cap — imposed in response to Wells Fargo’s cross-selling and fake accounts scandals — as a
Wells shed its asset cap — but it isn’t clear why Read More »
The former headquarters of the Consumer Financial Protection Bureau with signage removed.Catherine Leffert The Consumer Financial Protection Bureau has dismissed or withdrawn more than half of its pending enforcement cases as the Trump administration clears the docket of work it inherited from the Biden era. Since February, acting CFPB Director Russell Vought has dismissed 17
Trump’s CFPB drops more than half of all pending litigation Read More »