Rep. Katie Porter questions Tim Sloan, president and chief executive of Wells Fargo, during a House Financial Services Committee hearing on March 12, 2019. By Renae Merle Renae Merle Reporter covering white-collar crime and Wall Street Email Bio Follow March 14 at 7:00 AM By the time it was Rep. Katie Porter’s turn to ask Tim Sloan a question, the Wells Fargo chief executive had already taken a beating from more than two dozen members of the House Financial Services Committee.
She enters the chamber with powerful backers. Porter took a bankruptcy class taught by a law professor named Elizabeth Warren, now a senator from Massachusetts, that she has said changed her life trajectory. In 2012, Sen. Kamala D. Harris , then California’s attorney general, picked Porter to oversee the distribution of a $25 billion settlement with big banks for fraudulent foreclosures. The Intercept has called Porter an “enemy of the Wall Street foreclosure machine.
Porter said in an interview that she has already met with several industry officials since taking office, including Sloan a week before the hearing. She added that she expects to take on a range of issues, including housing affordability. “I thought about these issues for years” before taking office, she said. “I happen to love financial services.”And Porter said she understands the angst of the committee’s witnesses.
Kraninger’s answer didn’t appear to impress Porter, who later said the CFPB director had got the definition wrong. The congresswoman then asked Kraninger, who has extensive experience in homeland security but little in consumer finance, to calculate the APR for a $200 payday loan.
That’s my rep!
It’s clear that AOC & Omar lead this party w/ 2020 contenders falling right in line!
Explain why one congressman would be a threat to wall street. Do you really think they that much influence ?
You are the threat against the American People...
Will they smear this one as anti-semitic or stupid or both?
WSJ
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
White House demands GOP support for Trump’s wall plans, won’t say how they’ll affect military constructionThe administration has not provided a list of affected projects. you can't 'Demand' support... you need to EARN support...... Stealing money from the military to build a wall. So much for Mexico making payments hahaha McTurtle Is A National Disgrace And Another Russian Agent!
Source: washingtonpost - 🏆 95. / 72 Read more »
Axios: White House source leaks to House Dems on Jared and Ivanka's clearancesThe White House rejected the House Oversight Committee's request for documents on the security clearance process, including for Trump son-in-law Jared Kushner. However, Axios reported today that the Committee already had documents on Jared and Ivanka's security clearances before they made that request, thanks to a leak from the White House. 🙄
Source: MSNBC - 🏆 469. / 51 Read more »
Pelosi rejects Republican bill to change national emergencies actU.S. House Speaker Nancy Pelosi rejects Republican bill to change national emergencies act 🖕 Republicans there we go, give McConnell a bit of his own methods!! 'The House will not take up this legislation to give President Trump a pass.' Thank you, SpeakerPelosi
Source: Reuters - 🏆 2. / 97 Read more »
White House rejects Cummings' request to interview former officialThe White House is rejecting House Oversight Chairman Elijah Cummings' request to interview a former White House official who now represents the Trump Organization, the latest skirmish between the Trump administration and the House Democrats investigating President Donald Trump and his administration. But of course they did.... What's next? Subpoena? Textbook sign of innocence!! 😂😂
Source: cnnbrk - 🏆 393. / 55 Read more »
House to vote on Omar rebuke ThursdayThe House will vote Thursday on a resolution condemning anti-Semitism, an indirect rebuke of controversial comments by Rep. Ilhan Omar that has inflamed the Democratic Caucus all week House Foreign Affairs Committee Chairman Eliot Engel confirmed that text of the resolution would come out Thursday morning So far your disappointment Ms. Omar. I will continue to hope for better from you. She needs to go...its the right thing to do, to show haters aren't welcomed in DC, and We The People Will Always Stand With Israel!
Source: politico - 🏆 381. / 59 Read more »
House to vote on resolution opposing hate speech today, Dems split on responseNEW: House Majority Leader Hoyer announces at Caucus meeting that a resolution opposing hate will be voted on today, according to two Democratic sources. - GarrettHaake GarrettHaake Good for you Nancy. Anti-Semitism cannot be tolerated in any form in the Democratic party. Shame on those who are doing this. GarrettHaake All the more reason to Demexit GarrettHaake Does this resolution single out Rep Omar by name?
Source: MSNBC - 🏆 469. / 51 Read more »
House votes to condemn anti-Semitism: Live updatesTensions have been rising over remarks from Rep. Ilhan Omar. Today the House will vote to condemn anti-Semitisim. Follow here for the latest. It would be nice if they had a resolution to condemn white nationalism but something tells me it wouldn’t get much GOP support. I don’t really find her comments anti-semantic when you take them at face value. However, I do find it a little suspicious that one of the two Muslims in Congress is the only one speaking out on the issue... and we know how Muslims feel about Israel. Here we go
Source: cnnbrk - 🏆 393. / 55 Read more »
House to vote Thursday on measure ‘opposing hate,’ Hoyer tells DemocratsThe move represents an effort by leaders to move past a controversy over alleged anti-Semitic comments from freshman Rep. Ilhan Omar (D-Minn.). Aliunwaliullah yaAliMadad So, it’s an anti-Trump resolution? These votes to oppose things which is so freaking obvious seem like a sad joke. Wtf is wrong with this country?
Source: washingtonpost - 🏆 95. / 72 Read more »
Amid Dems' turmoil, House to vote on anti-hate resolutionThe House is expected to vote Thursday on a resolution 'opposing hate' as Democrats try to move past a controversy over remarks by freshman Rep. Ilhan Omar that deeply split the party and clouded their agenda. In essence they will try & stop using their stirring stick ANTI-HATE NOT REFERRING TO THE INDIVIDUALS BEING BULLIED BUT THOSE WHO SEEM TO HAVE HATE FOR WHAT THEY DID TO THEMSELVES; BECAUSE THEY HATE THEMSELVES...C.I.A DIRECTOR Vote for the resolution but then never follow it.
Source: CNBC - 🏆 12. / 72 Read more »