FederalReserve
Latest
32 senators want to know if US regulators halted Equifax probe
Earlier this week, a Reuters report suggested that the Consumer Financial Protection Bureau (CFPB) had halted its investigation into last year's massive Equifax data breach. Reuters sources said that even basic steps expected in such a probe hadn't been taken and efforts had stalled since Mick Mulvaney (pictured above) took over as head of the CFPB late last year. Now, 31 Democratic senators and one Independent have written a letter to Mulvaney asking if that is indeed the case and if so, why.
U.S. government hits snag printing new $100 bills, prints old ones instead
The U.S. Treasury Department may have been eager to open the doors to its money printing factory back in July to show off its brand new $100 bills, but it looks to be a decidedly different story today. As CNBC reports, all of the added security measures have apparently been harder to print than expected, and have resulted in a creasing problem that has left some bills with a blank portion on the face. The real problem, however, is that it's not clear how many bills have the flaw, which has forced the department to "quarantine" some 1.1 billion bills until they can be sorted -- one person familiar with the matter says as many as 30 percent were affected at the height of the problem. As you might expect, that accounts for a pretty big chunk of the bills intended for circulation, which has forced the fed to print some more of the older $100 bills that still feature Bush Treasury Secretary Hank Paulson's signature in the meantime.
