Emily's Feed
Jul 23, 2015

Charleston shooting suspect charged with federal hate crimes

WASHINGTON (Reuters) – The white man suspected of murdering nine black people during bible study at a South Carolina church was charged on Wednesday with federal hate crimes, adding to multiple state counts that raise the possibility of a death sentence.

“The parishioners had Bibles. Dylann Roof had his .45 calibre Glock pistol and eight magazines loaded with hollow point bullets,” U.S. Attorney General Loretta Lynch said after a federal grand jury returned the 33-count indictment against Roof.

Jul 22, 2015

Discover to pay $18.5 mln over student loan allegations

WASHINGTON, July 22 (Reuters) – The banking arm of Discover
Financial Services agreed to pay $18.5 million in
consumer refunds and penalties on Wednesday to settle
allegations of illegal practices tied to its student loan
servicing business, a U.S. regulator said.

The Consumer Financial Protection Bureau said that Discover
Bank overstated the minimum amounts due on billing statements
and took unfair actions in debt collection, such as calling
borrowers early in the morning or late at night.

Jul 14, 2015

Honda’s U.S. auto finance arm to pay $24 mln over loan pricing problems

WASHINGTON (Reuters) – A U.S. auto finance arm of Honda
Motor Co will pay $24 million in restitution over
allegations that its loan pricing practices caused minority
customers to pay higher interest rates than white borrowers did,
U.S. regulators said on Tuesday.

The U.S. Consumer Financial Protection Bureau and Department
of Justice said American Honda Finance Corp also would change
its pricing and compensation system to reduce the potential for

Jul 13, 2015

Republican Rubio raises $12 million for 2016 White House bid

WASHINGTON (Reuters) – U.S. Senator Marco Rubio raised $12 million in the three months through the end of June for his Republican bid for the presidency in 2016, his campaign said on Monday, marking a pace that lagged his main rivals in the race.

Outside groups that back Rubio said last week they raised about $32 million to support his White House effort. The Florida senator launched his campaign in April and has positioned himself as a standard bearer for a new generation of Republican leadership.

Jul 8, 2015

Super PAC backing Rubio raised more than $16 million since April

WASHINGTON (Reuters) – A Super PAC backing U.S. Senator Marco Rubio announced on Wednesday that it has raised more than $16 million since April to help bankroll his bid to represent the Republican Party in the November 2016 presidential election.

The tally from the Conservative Solutions PAC, together with an added $15.8 million raised by an affiliated nonprofit backing Rubio, puts him far ahead of schedule to raise the more than $40 million he was expected to take in this year, according to Norman Braman, a billionaire Miami-based backer of the Florida senator.

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.