US Consumer Finance Agency Expected to Punish Equifax: Lawyers – U.S. News & World Report

US Consumer Finance Agency Expected to Punish Equifax: Lawyers – U.S. News & World Report

U.S. News & World Report US Consumer Finance Agency Expected to Punish Equifax: LawyersU.S. News & World ReportWASHINGTON (Reuters) – The U.S. consumer finance watchdog agency is expected to punish Equifax for its cyber breach with the wide-ranging powers it has used with Wall Street, former agency officials and lawyers said this week. The credit-reporting … […]

Finance minister opposes bill that would weaken top court

Finance minister opposes bill that would weaken top court

Finance Minister Moshe Kahlon (Kulanu) said that he opposes a bill that would give the Knesset power to overturn High Court of Justice rulings, even though several of the court’s recent decisions have targeted his own party’s legislation. “The High Court is the last refuge of the weak. The strong want to destroy it because […]

Tencent enters old-school finance with stake in China’s CICC

Tencent enters old-school finance with stake in China’s CICC

Hong Kong – Tencent, China’s largest social media firm, is entering the traditional finance industry by investing in CICC International Capital, a move that may help the investment bank’s expansion in wealth management. Shares of CICC jumped by a record after it said Tencent is paying HK$2.9bn ($372 million) for roughly 5 percent of China’s oldest investment […]

The Finance 202: What happened to the party of fiscal conservatives?

The Finance 202: What happened to the party of fiscal conservatives?

THE TICKER Sen. Bob Corker (R-Tenn.). (EPA/Jim Lo Scalzo) Supply-siders are winning their struggle with deficit hawks over the fiscal soul of the GOP.  And it’s not even much of a struggle, as it turns out. In recent days, it has more closely resembled a pantomime, the policymaking equivalent of what the Harlem Globetrotters used to do to […]

Social Media Giant Tencent Gets Into Old-School Finance

Social Media Giant Tencent Gets Into Old-School Finance

Tencent Holdings Ltd., China’s largest social media firm, is entering the traditional finance industry by investing in CICC International Capital Corp., a move that may help the investment bank’s expansion in wealth management. Shares of CICC jumped by a record after it said Tencent is paying HK$2.9 billion ($372 million) for roughly 5 percent of China’s oldest […]

AEI scholars bookend the witness table at Senate Finance Committee

AEI scholars bookend the witness table at Senate Finance Committee

Last week, I had the privilege of being one of four witnesses invited to testify at the Senate Finance Committee’s wide-ranging hearing on reforms to the individual income tax. Sitting down the witness table from me was AEI visiting fellow Ramesh Ponnuru. Our testimonies approached tax reform from different vantage points. Ponnuru homed in on […]

Amid federal investigation, Buncombe County appoints finance director

Amid federal investigation, Buncombe County appoints finance director

CLOSE Wanda Greene headed Buncombe County government for nearly two decades. She’s now the subject of a federal criminal investigation. Wochit Tim Flora(Photo: Courtesy photo) ASHEVILLE — With a federal investigation underway into Buncombe County’s longtime top administrator, county leaders Tuesday took action to reaffirm the independence of their chief financial officer. The county Board of […]

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