Another member of the GOP has announced he won’t seek re-election in 2018. This time it’s Rep. Jeb Hensarling, who will retire from Congress at the end of his term as chairman of the House Financial Services Committee. According to news from CNBC, the 60-year-old...
Operation Choke Point has been choked off. According to various sources (including Fox News), the Trump administration’s Justice Department has decided to shut down Operation Choke Point, the controversial program that sought to curtail credit access and thus eCommerce activity for some industries, notably gun dealers...
In the midst of tense Senate Intelligence Committee testimonials about Russia’s involvement with the U.S. election, there are talks circulating of the two countries working together to form a cybersecurity working group to combat the plethora of cybercrime and fraud cases stemming from online hackers....
In a move that partially remakes the Federal Reserve — or at least its purview over regulations that affect the financial industry — President Donald Trump has nominated Randal Quarles to be the head of regulation governing big banks. The bank regulator position, formally the vice chair...
Deutsche Bank received a letter from a group of Democrat senators Thursday (May 24) requesting information on two internal reviews the financial services company conducted about Russia and President Donald Trump. In a press release issued Thursday, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee...
President Donald Trump signed an executive order Monday (May 1) in which a new technology council will be created to modernize the information technology systems of the government. According to a report in Reuters, the White House confirmed the executive order, saying around twenty technology chief...
As the Trump administration moves to rewrite banking regulations, it looks like a big change to the top of the regulatory structure could be coming down the pipe. Emerging repots indicate that the president is looking to replace Comptroller of the Currency Thomas Curry as...
Financial records obtained by The Associated Press have confirmed that Paul Manafort’s consulting firm received at least $1.2 million in payments from a pro-Russian political party. According to Business Insider, the information was found in a handwritten ledger in Ukraine last August, which included dollar...
Due to untested evidence, Texas is dealing with a backlog of rape kits that need to be processed for thousands of rape investigations. One lawmaker proposed a bill that would leverage crowdfunding to help pay for the testing and to alleviate the bottleneck, The New York...
