Citing lax treatment of corporate malefactors, Rohit Chopra calls for the FTC to impose more significant penalties when companies violate its orders.
During hurricanes, floods, and nor’easters, portable generators save lives — except when they take them. Irma, Harvey, and Maria all left thousands without power and reliant on their portable generators. The government has not yet done its official count, but 11 people using these generators died just from Irma, according to preliminary government estimates.
Mueller, the special counsel investigating possible ties between the Trump campaign and Russian officials, will surely be making calls to everyone involved in the now infamous meeting, including the president’s son; the president’s son-in-law, Jared Kushner; and his campaign chairman at the time, Paul Manafort. As he does, the question is whether Mueller will be able to build a case that goes all the way to the top. That could depend on what lessons he learned from overseeing the task force that investigated one of the biggest fraud cases in American history: the collapse of the energy giant Enron.
A consumer watchdog agency is following up on ProPublica’s reports that the scandal-ridden bank improperly charged fees to customers from Los Angeles to Oregon. Meanwhile, the bank is conducting its own inquiry.
If you measure President Donald Trump’s conflicts of interest by the amount of money at stake, or the variety of dicey interactions with government regulators, one dwarfs any other: his relationship with Deutsche Bank. The bank hoped to eliminate the president’s personal guarantee on loans. But such a move would not eliminate the conflict of interest, since the president’s company, which Trump still owns, would remain on the hook to pay back the loans.
Former Wells Fargo employees in the Los Angeles region say the bank had another way of chiseling clients: Improperly charging them to extend their promised interest rate when their mortgage paperwork was delayed. The employees say the delays were usually the bank’s fault but that management forced them to blame the customers.
The newly elected governor of Puerto Rico is in discussions to hire Lewandowski’s lobbying firm, at a time when the island’s creditors are hoping that the incoming Trump administration will be more sympathetic to them than the Obama administration has been.
Steve Mnuchin was born into a family of Wall Street royalty, and he has made a career out of being “lucky.” In fact, Mnuchin has a long history of coming out ahead, even in questionable deals.
While Donald Trump promised to “drain the swamp” of Washington, Paul Atkins’ environs as the founder of Patomak could not get any swampier.
by Jesse Eisinger, ProPublica. Freddie Mac, the taxpayer-owned mortgage giant, made it harder for millions of Americans to refinance their high-interest-rate mortgages for fear it would cut into company profits, present and former Freddie Mac officials disclosed in recent interviews. In closed-door meetings, two Republican-leaning board members and at least one executive resisted a mass […]
by Jesse Eisinger, ProPublica. It was one of the “quickest big hits in Wall Street history,” as the Wall Street Journal put it at the time. In 1996, an investment group including Bain Capital, the firm then run by Republican presidential candidate Mitt Romney, sold the consumer credit information business Experian to a British retailer, […]
by Jesse Eisinger, ProPublica, and Chris Arnold, NPR. A version of this story was co-published with NPR News and broadcast on NPR’s Morning Edition. New analyses by mortgage giants Freddie Mac and Fannie Mae have added an explosive new dimension to one of the most politically charged debates about the housing crisis: Whether to reduce […]