.@SenWarren, @AOC press Mnuchin on “financial engineering and potentially illegal activity” during his time on the board of Sears
Zach Warmbrodt
15.4K posts
Zach Warmbrodt
@Zachary
Congress Executive Producer at POLITICO
@zachwarmbrodt.com at the other site
[email protected] [email protected]
Washington, DC
Joined February 2007
- 🚨Banks are warning that a $350 billion small business lending program won't work as advertised when it launches Friday. They say the Trump administration set unrealistic expectations and has failed to give banks what they need to issue the loans
- PPP news: Beginning Wednesday morning and ending March 9, the SBA will only accept PPP applications from businesses with fewer than 20 employees. It’s part of a plan Biden will announce today focused on delivering aid to underserved small businesses
- House just voted 321-103 to help banks serve the cannabis industry. Huge support
- .@AOC could draw millions of eyeballs to the Financial Services Committee, which some members say became boring and unappealing to even serve on the last several years
- 🚨🚨Biden will nominate FTC commissioner and @SenWarren ally Rohit Chopra to lead the CFPB, sources familiar say (w/@tylerpager, @KatyODonnell_ and @leah_nylen)
- .@MarkWarner, a Democrat who has been able to work closely with Mnuchin, says he's "deeply disappointed" that Treasury wants to defund Fed's emergency lending programs. He says "now is precisely the wrong time to reverse course" with a struggling economy
- Some news: I’m Politico’s new financial services editor. I’ll continue to write and report part of the time. Very grateful for the opportunity.
- Big news in banking: Trump’s nominee to chair the FDIC has asked the White House to withdraw his nomination because of family issues
- .@mcuban on Harris: “The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto and government as a service.” (Reporting by @Eleanor_Mueller)
- At least fifteen new Democrats expected to be named to Financial Services including Ocasio-Cortez, Gabbard, Porter, Tlaib and Pressley
- .@SenWarren says Mnuchin as Treasury sec "should send shivers down the spine of every American who got hit hard by the financial crisis"
- The Small Business Administration is quietly rolling out an effort to scrutinize the largest businesses that took PPP loans during the pandemic, demanding new details about their operations to justify the aid politico.com/news/2020/10/3…
