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

3 soldiers killed, 4 others wounded in Negros clash

first_imgA Lieutenant and a soldier died during the fiercefirefight while another expired while being evacuated. Military choppers weresent to evacuate the wounded soldiers who are now recuperating in a hospital inthis capital city. Their names were still withheld as of this writing. Colonel Inocencio Pasaporte, Philippine Army’s 303rd Infantry Brigadecommander, said troops of the 94th Infantry Battalion were closing in on theNPA terrorists, following reports of extortion activities in the said village,when an improvised explosive device detonated, inflicting immediate casualtiesamong the soldiers, followed by a firefight. “We express our deepest sympathy to the families ofour hero-soldiers who died fighting for the peace in Negros Island,” saidPasaporte. BACOLOD City – Three soldiers were killed and fourothers were wounded in an encounter with suspected News People’s Army (NPA)rebels yesterday morning in Barangay Carabalan, Himamaylan City, NegrosOccidental. center_img He added that the Army will heighten its operationsto capture the NPA terrorists and stop them from sowing fear in thecommunities./PN “The soldiers are still pursuing the NPAs who wereseen dragging their dead and wounded comrades,” said Pasaporte, adding thetroops were deployed in the area to conductsecurity patrol during the distribution of the government’s social ameliorationprogram.  last_img read more

Sangakkara steers Tallawahs to second CPL win

first_imgPORT OF SPAIN, Trinidad (CMC) – Reigning Caribbean Premier League champions Jamaica Tallawahs won their second on the trot when they beat Trinbago Knight Riders by four wickets here Wednesday night.Chasing 148 at Queen’s Park Oval, Tallawahs got home with four balls remaining to notch their second win in four days, following their opening loss to Barbados Tridents in Florida last weekend.Tallawahs were guided by Sri Lankan star and captain Kumar Sangakkara who top-scored with 47 while opening partner Lendl Simmons struck 38.Champion off-spinner Sunil Narine (2-21) and seamer Kevon Cooper (2-25) grabbed two wickets apiece.New Zealander Colin Munro had earlier top-scored with 41 as TKR, sent in, were dismissed for 147 with a ball to spare.Left-hander Darren Bravo punched 33 while opener Narine blasted 23, but seamers Odean Smith (3-20) and Kesrick Williams (2-36) snatched three wickets apiece to retard TKR’s progress.In fact, the hosts were cruising at 109 for two in the 10th over before suffering a dramatic collapse, losing their last eight wickets for a mere 38 runs.Narine had given the innings an energetic start, smacking a pair of fours and sixes in an 11-ball cameo, adding 33 for the first wicket with New Zealander Brendon McCullum (16).When Narine perished in the fifth over caught at mid-wicket by Simmons off Man-of-the-Match Williams, Munro and Bravo put TKR on top with a 57-run third-wicket stand.Munro struck five fours and two sixes off 25 balls while Bravo also faced 25 deliveries and counted two fours and two sixes.Once Munro holed out in the deep at the end of the 10th, however, the innings slumped into terminal decline.Tallawahs’ run chase was given an immediate boost when Sangakkara and Simmons put on 61 off 33 balls for the first wicket.While the left-handed Sangakkara was measured in his 41-ball knock which included seven fours, Simmons played with abandon, carving out four fours and three sixes off just 18 balls.Simmons was one of three wickets to fall for 32 runs in the space of 30 balls when he was bowled by Pakistan leg-spinner Shadab Khan in the sixth over but Tallawahs kept their focus to get home in the final over.last_img read more