Richard Shelby News
Timeline of the Wells Fargo Accounts Scandal
Wells Fargo is embroiled in a scandal over assertions that bank employees opened accounts without customers’ authorization. Here's a timeline of key events since the allegations came to light: Sept. 8, 2016 The alleged misconduct was revealed when the Consumer Financial Protection Bureau (CFPB),
Wells Fargo CEO John Stumpf Told to Resign by Sen. Warren
Amid tense questioning on Capitol Hill this morning, Sen. Elizabeth Warren , D-Mass., told Wells Fargo CEO John Stumpf that he should resign and face criminal charges amid a scandal over allegations that bank employees opened accounts without customers’ authorization. Warren was far from the only
The Latest: Regulator Says Wells Fargo Case Shows Weakness
A top federal regulator says the case of Wells Fargo employees having opened millions of accounts without customers' permission shows overall weaknesses in the bank's management
What to Expect When Wells Fargo CEO John Stumpf Faces Senate Grilling
Wells Fargo CEO John Stumpf is expected to appear before the Senate Banking Committee today to face questions over allegations that employees of his bank opened or applied for more than 2 million bank accounts or credit cards without customers' knowledge or permission. It is expected to be the
Seasoned Senators Dole Out Advice: Avoid Mistakes And Dungeon Offices
Everyone’s a newbie at some point in their Senate career. After years on Capitol Hill , senators have come to learn a thing or two about surviving in the halls of Congress. As 12 senators-elect learned their way around the halls of the Senate this week during freshman orientation, several senators
Senate Clears Way to OK Drone Memo Author's Nomination
The Senate cleared a key procedural hurdle Wednesday on the judicial nomination of David Barron, the former Justice Department lawyer who authored memos providing legal justification for using drone strikes against U.S. citizens. The Senate voted 52-43 to invoke cloture on Barron’s nomination to ...
Rand Paul Threatens To Stall Janet Yellen's Fed Chair Nomination
Sen. Rand Paul, R-Ky., is threatening to prevent Janet Yellen’s nomination to be Federal Reserve Chair unless the Senate votes on his bill to audit the Fed. “As part of Senate consideration of the Janet Yellen nomination to be Chair of the Federal Reserve, I...
Yellen's Confirmation Prospects Look Bright, Though Questions Linger For Republicans
Janet Yellen, the first woman to be nominated to lead the Federal Reserve, is receiving early praise from Democrats and is likely to face a far smoother Senate confirmation than Lawrence Summers, the man who was widely seen as President Obama’s top choice to lead...
Congress Honors Alabama Church Bombing Victims With Highest Civilian Honor
ABC News’ MaryAlice Parks reports: The four girls killed 50 years ago in the bombing of the 16th Street Baptist Church in Birmingham, Ala., received the Congressional Gold Medal — the highest civilian award given in U.S. — on Tuesday before a packed hall at the...
Military Action in Syria: Where the Senate Stands
The ABC News political unit has put together a “whip count” of how senators are likely to vote on the Syria resolution. The count is based on public statements, interviews with aides, and statements from Tuesday’s Senate Foreign Relations Committee hearing — and it could...