House panel to hold Wells Fargo hearing Sept. 29

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The House Financial Services Committee plans to hold a hearing Sept. 29 on Wells Fargo’s creation of more than 1.5 million unauthorized consumer deposit accounts and 500,000-plus credit card accounts.Wells Fargo will pay some $185 million in fines – $100 million of it imposed by CFPB, the largest amount the bureau has ever assessed – due to this activity, also being looked at by the FBI and Justice Department.John Stumpf, Wells Fargo’s chairman and CEO, faced hours of intense grilling and criticism during a Senate Banking hearing earlier this week. The San Francisco Fed announced Thursday that Stumpf has resigned from an advisory panel to the Federal Reserve.The bank’s scandal invoked numerous comments from speakers throughout NAFCU’s Congressional Caucus this week, with lawmakers stepping up to the podium to discuss the good relationship credit unions have with their members and their support for the member-owned cooperatives. continue reading »last_img read more

Man United Appoint Solkjaer Manager

first_img“This is the job that I always dreamed of doing and I’m beyond excited to have the chance to lead the club long term,” Solskjaer said.“From the first day I arrived, I felt at home at this special club. It was an honour to be a Manchester United player, and then to start my coaching career here.“The last few months have been a fantastic experience.”When Solskjaer took charge, United were sixth in the Premier League and 11 points off the top four.But they have lost only once in 13 league games since – at Arsenal this month – and are now two points behind the London club, who occupy the final Champions League qualifying spot.Executive vice-chairman Ed Woodward said Solskjaer’s appointment was “richly deserved”.“Since coming in as caretaker manager in December, the results Ole has delivered speak for themselves,” he said.“More than just performances and results, Ole brings a wealth of experience, both as a player and as a coach, coupled with a desire to give young players their chance and a deep understanding of the culture of the club.”Solskjaer became the first United manager to win his first six league games, beating a record held by Sir Matt Busby.United reached the quarter-finals of the Champions League for the first time since 2014 when they overturned a 2-0 first-leg deficit thanks to a stoppage-time penalty at Paris St-Germain this month.Solskjaer’s assistant Mike Phelan still has a contract with Central Coast Mariners in Australia, although it is anticipated he will also stay on at Old Trafford. (BBC)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Manchester United have appointed Ole Gunnar Solskjaer as permanent manager on a three-year contract.The Norwegian, 46, arrived at Old Trafford on an interim basis in December to replace Jose Mourinho.Solskjaer spent 11 seasons as a United player, scoring the winning goal in the 1999 Champions League final.last_img read more