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Prudential whistleblower rocks the boat on Wells Fargo scandal

Julie Broderick had 15 years of experience as a securities regulator and a propensity for speaking her mind before joining Prudential Financial as an investigative supervisor in 2012. When she sought this year to learn more about possible sales abuses by one of the insurer’s business partners, she said, the message from her company was clear: “Don’t rock the boat, don’t speak up, toe the party line and your job will be safe.” Then she […]

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CREW FILES COMPLAINT AGAINST MICK MULVANEY

It’s about time… Click here to read the complaint. FOR IMMEDIATE RELEASE April 30, 2018 CONTACT: Jordan Libowitz 202-408-5565 | jlibowitz@citizensforethics.org Washington—Mick Mulvaney, the director of the Office of Management and Budget (OMB) and acting director of the Consumer Financial Protection Bureau (CFPB), should be investigated for misleading the Senate during his confirmation process and failing to pay debts lawfully owed by his company, according to a complaint filed today with the Senate Committee on

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Freddie Mac rebounds with $2.92b net income in Q1

Freddie Mac reported net income of $2.92 billion for the first quarter, an increase of $5.84 billion from a net loss of $2.92 billion in the fourth quarter and up $715 million from $2.21 billion in the first quarter of 2017. Comprehensive income for the quarter was $2.15 billion, increasing from the $3.31 billion loss in the fourth quarter but declining from the $2.23 billion in the year-ago period. Freddie Mac said its first-quarter net

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Banks are working to woo new doctors into home mortgages

When Dr. William Ngo was shopping for his first home two years ago, he ran into a problem: He got rejected for a mortgage because he had about $250,000 in student debt and little savings. So the surgeon applied for a loan specifically designed for doctors that came with a higher interest rate but no money down, and just a future work contract as proof of income. Mortgages tailored to doctors have grown more popular

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