Author: Nakia Gladden
Citigroup, one of the nation’s biggest banks, has agreed to pay $7 billion to settle claims brought on by the Justice Department because of its participation in the housing crisis. After a federal investigation lead by Attorney General Eric Holder, the bank admitted to deceiving consumers and engaging in risky subprime mortgages.
In the most unlikely of pairs, first-term Senators Corey Booker and Rand Paul, have teamed up to introduce a measure that will create a comprehensive overhaul of the US Criminal Justice system. The legislation, called the Record Expungement Designed to Enhance Employment (REDEEM Act), was introduced Tuesday, July 8th.
According to lawmakers on both sides of the aisle, it’s unlikely that comprehensive immigration reform will pass this year. This is clearly a blow for the Obama Administration, which named immigration reform a top priority for their second term.
The U.S. Senate recently failed to pass the Bank on Students Emergency Loan Refinancing Act (S. 2432). The bill, introduced by Senator Elizabeth Warren (D-MA), sought to allow students who took out student loans to refinance permitting them to take advantage of new (and lower) interest rates established for students who applied for federal loans […]