Head of consumer protection agency requests zero funding [MSN Money]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: MSN Money
WASHINGTON - In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing. This letter is to inform you that for the Second Quarter of Fiscal Year 2018, the Bureau is requesting $0, he wrote Wednesday to Janet L. Yellen, chair of the Federal Reserve, which provides the watchdog agency's funding. Mulvaney said that the bureau had enough money on hand to cover its anticipated $145 million in expenses for the quarter, which began Jan. 1, and that he plans to slash the bureau's reserve fund. Mulvaney is an outspoken critic of the bureau who was made acting director in November - a controversial move by President Trump that is being challenged in court. In a 2014 interview, Mulvaney called the bureau a ?????joke ... in a sad, sick kind of way and said that he would like to get rid of it. In his letter to Yellen, he said: I have been assured that the funds currently in the Bureau Fund ar
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- WFC's page on the SEC website