Emily's Feed
Jun 17, 2015

U.S. regulator limits mortgage servicing activities at 6 banks

By Emily Stephenson

(Reuters) – A U.S. bank regulator on Wednesday said it
imposed restrictions on mortgage servicing against HSBC
, Wells Fargo and four others because they
failed to meet all of the requirements of a major settlement.

The Office of the Comptroller of the Currency (OCC) said the
new limitations would apply to acquisitions of residential
mortgage servicing rights, outsourcing servicing to others, and
other related business activities.

Jun 11, 2015

Virginia 17-year-old pleads guilty to helping to Islamic State

By Emily Stephenson and Julia Edwards

(Reuters) – A Virginia 17-year-old pleaded guilty in U.S.
federal court to charges of conspiring to help Islamic State
militants, the Justice Department said on Thursday.

Ali Amin, of Manassas, Virginia, used social media to
provide instructions on how to use the virtual currency Bitcoin
to send funds to militants, and he helped another Virginia
resident travel to Syria to join the group, the department said.
Amin faces up to 15 years in prison, the department said.

Jun 10, 2015
via Tales from the Trail

New Hampshire Republicans call for change to debate rules

A group of New Hampshire Republicans want Fox News and national party leaders to change the first televised presidential debate in August, saying limiting it to 10 candidates “would undermine the very nature” of the primary process.

The New Hampshire Republican leaders, including two former governors and several current and former state legislators, said the debate criteria of allowing the top 10 candidates based on their position in national polls is too limiting and would undermine their state’s traditional role.

May 21, 2015

U.S. House panel issues subpoena to Fed over 2012 information leak

WASHINGTON, May 21 (Reuters) – The chairman of a U.S.
congressional committee on Thursday subpoenaed Federal Reserve
documents and communications related to a 2012 leak of
information related to monetary policy, ramping up his attack of
the central bank’s handling of the case.

Republican Jeb Hensarling of Texas, who chairs the U.S.
House of Representatives Financial Services Committee, said in a
release that the Fed failed to comply with document requests
from the panel related to market-sensitive information that was
leaked to a private financial newsletter.

May 19, 2015

U.S. regulator says PayPal to pay $25 mln over credit product problems

By Emily Stephenson

(Reuters) – The U.S. consumer financial watchdog on Tuesday
accused PayPal of illegally signing consumers up for an online
credit product without their permission and directed the company
to pay a total of $25 million in fines and consumer redress.

The Consumer Financial Protection Bureau said PayPal, eBay
Inc’s electronic payments division, signed customers up
for its PayPal Credit product instead of the user’s preferred
payment method, engaged in deceptive advertising and mishandled
billing problems.

May 18, 2015

Republican Christie, in speech, to urge more U.S. defense spending

By Emily Stephenson

(Reuters) – New Jersey Governor Chris Christie, who is considering a bid for the 2016 Republican presidential nomination, plans to urge Congress to abandon its budget caps and boost defense spending, according to excerpts of a speech he will give on Monday.

In the excerpts, released by Christie’s political action committee, he urged more money to buy ships for the U.S. Navy and state-of-the-art planes for the Air Force.

May 13, 2015

Jeb Bush, in apparent slip, says ‘I’m running for president’

By Emily Stephenson and Emily Flitter

(Reuters) – Republican Jeb Bush appears to have unintentionally announced his candidacy for president in 2016 in a conversation with reporters on Wednesday that was caught on video.

Speaking in Nevada, the former Florida governor seemed to acknowledge he was a candidate but right afterward indicated he had not made up his mind.

May 11, 2015

Senator Warren hits back at Obama in Pacific Rim trade fight

WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren hit back at President Barack Obama in their tussle over “fast-track” authorization to negotiate a Pacific Rim trade treaty, a power she says could be used in the future to weaken Wall Street reforms.

The president, who wants expedited negotiating power to streamline the passage of trade deals through Congress, said last week that Warren’s claims were “absolutely wrong.”

May 4, 2015

Retired surgeon Carson slams ‘slick politicians’ in 2016 U.S. presidential bid launch

WASHINGTON (Reuters) – Retired neurosurgeon Ben Carson slammed “slick politicians” in both parties as he launched his bid on Monday for the 2016 Republican nomination for president, casting himself as a problem-solver whose experience sets him apart from the field.

Carson, a favorite of conservative activists, said the upcoming elections should bring in leaders with “common sense” to enact policies like reversing President Barack Obama’s 2010 health care overhaul and revamping the U.S. tax code.

May 1, 2015

Lawmakers slam Capitol Police over cases of unattended guns

WASHINGTON (Reuters) – Loaded guns reportedly left behind in a bathroom and elsewhere by U.S. Capitol Police officers led lawmakers on Friday to demand answers from the force that protects Congress, the latest in a series of security blunders in official Washington.

The senior Republican and Democrat on the House of Representatives panel that oversees the Capitol Police demanded to know how the weapons were left unsecured and what was being done to prevent it happening again.