Political News

CFPB Sues Major Banks Over Fraud on Zelle Payment Platform

Zelle

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against America’s three largest banks—JPMorgan Chase, Wells Fargo, and Bank of America—alleging widespread failures to protect customers from fraud on Zelle, the popular peer-to-peer payment platform they co-own. The suit, which also names Zelle’s operator Early Warning Services LLC, claims …

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House Ethics Report Details Allegations Against Matt Gaetz

Matt Gaetz

A newly released report by the House Ethics Committee accuses former Rep. Matt Gaetz (R-Fla.) of serious misconduct, including paying for sex, using illegal drugs, and violating multiple House rules. The 37-page report, obtained by CBS News, outlines allegations of statutory rape, illicit drug use, and abuse of power during …

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Biden Commutes Sentences of 37 Federal Death Row Inmates

President Joe Biden gives Oval Office Address

President Joe Biden announced Monday the commutation of sentences for 37 federal death row inmates, converting their punishments to life imprisonment without parole. The move comes weeks before President-elect Donald Trump, a staunch advocate for expanding the use of capital punishment, takes office. Biden’s decision spares individuals convicted of heinous …

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Biden-Harris Administration Announces Additional $4.28 Billion in Student Loan Forgiveness

President Joe Biden and Vice President Kamala Harris

The Biden-Harris Administration announced today the approval of $4.28 billion in additional student loan forgiveness for 54,900 public service workers. This latest action increases the Administration’s total student debt relief to nearly $180 billion for approximately five million Americans. The relief stems from extensive reforms made to the Public Service …

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House GOP Fails to Fast-Track Funding Bill as Shutdown Looms

House Speaker Mike Johnson

House Republicans failed Thursday evening to fast-track a funding bill, increasing the likelihood of a government shutdown as the Friday night deadline looms. The measure, which required a two-thirds majority for passage, was defeated 174-235, with dozens of GOP lawmakers voting against it. Only two Democrats supported the bill. The …

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House Ethics Panel Moves to Publish Matt Gaetz Report

Matt Gaetz

The House Ethics Committee has voted to release a long-awaited report detailing its investigation into allegations of misconduct by former Representative Matt Gaetz, R-Fla. The bipartisan decision, made earlier this month, marks a rare move for the often-secretive panel, which traditionally refrains from publishing findings after a member’s resignation. The …

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Chances for Government Shutdown Escalate After Trump and GOP Reject Stopgap Spending Bill

Trump, Musk, Johnson

Efforts to prevent a partial government shutdown from starting this weekend fell apart Wednesday when numerous Republicans, on and off Capitol Hill, expressed their frustration with the many extraneous provisions added to a short-term funding package. Complicating the situation, Vice President-elect J.D. Vance posted on social media that he and President-elect Donald …

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