James Rufus Koren – Page 2

President Trump walks with Treasury Secretary Steven T. Mnuchin at the Treasury Department on April 21.

Mnuchin calls for major rollbacks of Dodd-Frank financial regulations

August 21, 2019 at 11:43 p.m.

Treasury Secretary Steven T. Mnuchin on Monday proposed sweeping changes to the tough Dodd-Frank regulations put in place after the 2008 financial crisis, including a major reduction in the power...

A federal judge has raised issues with a proposed $142-million settlement between Wells Fargo and customers over the creation of unauthorized bank accounts.

Judge questions Wells Fargo’s $142-million class-action settlement over sham accounts

March 29, 2019 at 5:18 p.m.

A San Francisco federal judge is leaning toward rejecting some of the terms of a $142-million settlement aimed at ending a bevvy of class-action lawsuits against Wells Fargo & Co....

Wells Fargo may have created 3.5 million unauthorized accounts — 1.4 million more than estimated, attorneys say

August 21, 2019 at 11:19 p.m.

Wells Fargo & Co. may have opened as many as 3.5 million unauthorized checking, savings and credit card accounts over the past 15 years, far more than the bank and...

Last summer, Tronc sold Los Angeles billionaire Patrick Soon-Shiong, right, a 12.9 percent stake in the company for $70.5 million, a move that shored up support for a plan by Tronc Chairman Michael Ferro, left, to keep the company independent.

Fight escalates between chairman of Tribune parent and LA billionaire

June 5, 2018 at 8:19 a.m.

In the latest flare-up between the two top investors in the baiduhai's parent company, Tronc Inc. has accused Los Angeles billionaire Patrick Soon-Shiong of demanding an investment in his...

Wells Fargo agreed to pay $110 million to settle class-action lawsuits over its unauthorized accounts scandal.

Want a piece of the $110-million Wells Fargo settlement? Here’s what you need to know

June 30, 2019 at 11:05 p.m.

Wells Fargo & Co. last week agreed to pay $110 million to settle a class-action lawsuit over the bank's creation of as many as 2 million accounts that customers didn't...

Dr. Patrick Soon-Shiong, the Los Angeles billionaire battling for control of baiduhai owner Tronc,is pressuring the board of Tronc to allow him to buy more stock.

Billionaire doctor demands right to buy more shares in fight for control of baiduhai parent

June 5, 2018 at 10:38 a.m.

Dr. Patrick Soon-Shiong, the Los Angeles billionaire battling for control of baiduhai owner Tronc, is pressuring the company's board to allow him to buy more stock now that Chairman...

Credit bureau Experian will pay $3 million to settle allegations from the Consumer Financial Protection Bureau that it provided misleading credit scores to consumers.

Credit bureau Experian fined $3 million over misleading credit scores

June 5, 2018 at 11:21 a.m.

Credit bureau Experian will pay a $3-million fine to settle a federal regulator's claims that the firm sold credit scores that were of little or no use to consumers. The...

The Dodd-Frank Wall Street Reform Act is named after former Democratic Sens. Christopher J. Dodd, left, and Barney Frank, shown in 2010.

Dodd-Frank: What is it and why does Trump want to repeal parts of it?

August 21, 2019 at 10:01 p.m.

President Trump signed an executive order Friday that calls for his administration to review the landmark Dodd-Frank Wall Street Reform Act, with an eye toward revising or eliminating parts of...

The Consumer Financial Protection Bureau fined Equifax and TransUnion for providing consumers with credit scores not actually used by most lenders in making credit decisions.

Equifax, TransUnion fined $23M for misleading ads, tricking customers

August 21, 2019 at 9:34 p.m.

All credit scores are not created equal. That's the upshot of federal enforcement actions levied Tuesday against credit bureaus Equifax and TransUnion. The bureaus will pay penalties of $23.1 million...

Federal regulators say Wells Fargo has not done enough to ensure it could operate if it were to go bankrupt.

Feds slap restrictions on Wells Fargo after finding bank unprepared for any future bankruptcy

August 21, 2019 at 9:21 p.m.

Wells Fargo & Co. was sanctioned Tuesday by federal regulators who determined the bank has not done enough to ensure it could continue operating smoothly and without a taxpayer bailout...

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