Treasury Secretary-designate Stephen Mnuchin arrives on Capitol Hill in Washington, Thursday, Jan. 19, 2017, to testify at his confirmation hearing before the Senate Finance Committee. Mnuchin built his reputation and his fortune as a savvy Wall Street investor but critics charge that he profited from thousands of home foreclosures as the chief of a sub-prime […]
A leading Democratic lawmaker on Wednesday asked President-elect Donald Trump's pick for Treasury secretary to answer some questions about lending practices at OneWest Bank, which Mnuchin headed during the housing crisis. Ohio Sen. Sherrod Brown sent Mnuchin a letter asking him to detail his policies on lending discrimination, foreclosure-prevention programs, and on regulation of large […]
Democratic Senate candidate Katie McGinty held a conference call with reporters Friday morning to criticize incumbent Republican Sen. Pat Toomey , after Politico reported that he owned shares in a bank that engaged in an uncommon mortgage foreclosure practice while he served on the Senate's banking committee. Toomey co-founded the bank in question, Team Capital […]