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Home | News | Government

House Financial Services Committee Sends Fed Reform Bill to a Floor Vote

Congress Wednesday fired its latest rounds in its ever-escalating battle with the Federal Reserve, as a Republican-controlled House committee passed a reform bill aimed at making the Fed more accountable and transparent. The Fed’s has already warned of serious trouble if the nation’s top financial institution were held to formal policy regarding its ability to set interest rates.

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CFPB Takes Action Against Lending Scheme


The Consumer Financial Protection Bureau (CFPB) and 13 state attorneys general announced Tuesday that obtained approximately $92 million in debt relief from Colfax Capital Corporation and Culver Capital, collectively known as “Rome Finance,” for about 17,000 U.S. service members and other consumers injured by the company’s predatory lending scheme.

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Goldman Sachs FHFA Settlement could reach $1.25 Billion


Multiple reports surfaced over the weekend that Goldman Sachs may be nearing a deal with the federal government to settle claims that it sold faulty mortgage backed securities to Fannie Mae and Freddie Mac, according to people with familiar with the negotiations. If a deal is reached it is expected to come in between $800 million and $1.25 billion. The talks were first reported by the Wall Street Journal.

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