WASHINGTON, July 4 -- The House Financial Services Subcommittee on Housing and Insurance released the following testimony by Rae Oliver Davis, inspector general of the Housing and Urban Development Department, from a June 26, 2024, hearing on housing oversight: * * * (Continued from Part 1 of 2) Salem Man Sentenced to Four Years in Prison for Decade-Long Mortgage Fraud Scheme A Massachusetts real estate developer was sentenced to four years in prison for his involvement with a decade-long mo  more

WASHINGTON, July 3 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release: Senator Elizabeth Warren (D-Mass.) wrote to Jerome Powell, Chair of the Federal Reserve System (Fed) regarding his cozy relationships with bank executives and their influence on Fed policy. Dozens of private meetings and conversations between Powell and big bank executives appear to have stopped progress on crucial banking reforms like increasing bank capital requirements, reforming bank executive   more

WASHINGTON, July 3 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release: Senators Elizabeth Warren (D-Mass.), Angus King (I-Maine), Michael Bennett (D-Colo.), and U.S. Representative Don Beyer (D-Va.) called on Treasury Secretary Janet Yellen (Treasury) to fully implement the 15% Corporate Alternative Minimum Tax (CAMT) signed into law by President Biden in the Inflation Reduction Act two years ago. Despite having previously indicated that rules would be released in earl  more

WASHINGTON, July 3 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release: Senators Elizabeth Warren and Ed Markey (D-Mass.) wrote to Medical Properties Trust (MPT) and Macquarie Infrastructure Partners (MIP) ahead of the July 15, 2024 bid deadline for Steward Health Care's (Steward's) Massachusetts hospitals, urging them to offer lease concessions to ensure that new operators can be found to keep Steward's eight Massachusetts hospitals open and viable. On May 6, 2024, S  more