House Puts Wells Fargo in the Hot Seat

first_img All eyes fell again on Wells Fargo Chairman and CEO John Stumpf during the House Financial Services Committee Hearing examining the opening of unauthorized customer accounts at Wells Fargo.Financial Services Committee Chairman Jeb Hensarling (R-Texas) delivered the open remarks the hearing noting that this hearing “is just the beginning of our investigation, not the end.”“In the coming weeks, we will be questioning Wells Fargo executives,” said Hensarling. “If necessary, I will not hesitate to issue subpoenas because we will do what is necessary to get to the bottom of this.”Hensarling did note that Wells Fargo was not the only one on the hot seat for this situation, citing that the OCC and CFPB should also be held accountable for conducting regular examinations but not exposing the issue until now.“We launched this investigation because it is our job to hold both Wall Street and Washington accountable, and to protect consumers from the excesses of both,” said Hensarling.In her opening, Congresswoman Maxine Waters (D-California), Ranking Member of the Committee on Financial Services, urged Stumpf to tell the truth about the fraudulent activity that occurred and take full responsibility.“We still do not have the information we need to understand how this happened, when the sales culture turned toxic, and who knew about it and when,” Waters said.Waters called for a thorough investigation by the Justice Department into executive conduct. “Someone who is responsible for the broken culture that led to this behavior needs to be held responsible,” she said. “Not the lower-level employees that have been left to bear the weight of the mistakes that have been made.”Waters and Congressman Al Green (D-Texas), Ranking Member of the Subcommittee on Oversight and Investigations, requested this hearing to investigate these harmful practices. It is the first time Hensarling has brought a financial executive before the Committee to testify for misconduct.Stumpf was then allowed to give a brief statement before questioning began, where he accepted full responsibility and shared with the Committee updated information about what work Wells Fargo is doing to rectify the issue at hand.During the opening statements and subsequent questioning, the idea of déjà vu kept coming to into play as Hensarling and Waters, among others, noted that this investigation had marked resemblance to the fraudulent mortgage document scandal Wells Fargo was investigated for over 6 years ago.“Unfortunately, this is not the first time we have seen abusive practices at Wells Fargo,” said Waters. “We thought you were working on these practices six years ago, your mortgage executive sat in that very chair, reassuring my Subcommittee that you were committed to fixing Wells Fargo’s forgery of mortgage documents. And yet, we haven’t seen the problem fixed, we’ve just seen it migrate to another part of your bank.” Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News September 29, 2016 1,338 Views Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Daily Dose / House Puts Wells Fargo in the Hot Seat Tagged with: House Finances Services Committee Wells Fargo House Finances Services Committee Wells Fargo 2016-09-29 Kendall Baer  Print This Post Previous: How Does Shrinking Foreclosure Inventory Impact Investors? Next: Attorneys Nominated as “Best of the Best” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Related Articles Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Kendall Baer Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. The Best Markets For Residential Property Investors 2 days ago House Puts Wells Fargo in the Hot Seat Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

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No. 23 BYU edges Santa Clara 85-75

first_img FacebookTwitterLinkedInEmailPROVO, Utah (AP) — T.J. Haws scored 28 points and had nine assists to help No. 23 BYU hold off Santa Clara 85-75.Yoeli Childs scored 22 points and grabbed 11 rebounds and Jake Toolson added 20 points and 10 boards. The Cougars won their seventh straight.Josip Vrankic scored 28 points and collected 11 rebounds to lead the Broncos. Tahij Eaddy added 11 points, all in the second half. February 20, 2020 /Sports News – Local No. 23 BYU edges Santa Clara 85-75 Written by Tags: BYU Cougars Basketball/WCC Associated Presslast_img

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Fall events preview: What’s hot at Harvard

first_img One woman. Ten characters. Kate Ferber will performs the songs of Laura Nyro at Oberon.Natasha, Pierre & The Great Comet of 1812 Dec. 6-Jan. 3, 2016Natasha is young, Anatole is hot, and Andrey isn’t here … But what about Pierre? Based on a scandalous, 70-page slice of “War and Peace,” this electro-pop opera is Tolstoy like you’ve never experienced him before.The Christmas RevelsDec. 11-27Set in a village not too different from the one described in Dylan Thomas’s “A Child’s Christmas in Wales,” this year’s Revels takes a leap into the past to access the world of Celtic legend and song.JANUARYNice FishJan. 17-Feb. 7, 2016On a lake in frozen Minnesota, the ice is beginning to creak and groan. It’s the end of the fishing season, and two men are out on the ice one last time, angling for answers to life’s larger questions. A play woven together from the acclaimed prose poems of Louis Jenkins, “Nice Fish” reflects nature with wry surrealism. <a href=”https://www.youtube.com/watch?v=ecvklEBP0xU” rel=”nofollow” target=”_blank”> <img src=”https://img.youtube.com/vi/ecvklEBP0xU/0.jpg” alt=”0″ title=”How To Choose The Correct Channel Type For Your Video Content ” /> </a> <a href=”https://www.youtube.com/watch?v=vGoDb8ln694″ rel=”nofollow” target=”_blank”> <img src=”https://img.youtube.com/vi/vGoDb8ln694/0.jpg” alt=”0″ title=”How To Choose The Correct Channel Type For Your Video Content ” /> </a> Poet Louis Jenkins discusses working with Mark Rylance in the theater, and reads a selection from his prose poems upon which “Nice Fish” is based. This is a curated roundup and all events are subject to change. Please visit the event website for most accurate information. For a complete events listing. NOVEMBERStratis Haviaras Reading: Ben Lerner and Geoffrey G. O’BrienNov. 5, 6 p.m.National Book Award-nominated poet and novelist Ben Lerner (author of the novels “Leaving the Atocha Station” and “10:04” and the poetry collection “Mean Free Path”) and poet and essayist Geoffrey G. O’Brien (author of “People on Sunday” and “Metropole”) will share new work and answer audience questions.My Elizabeths: A Biographer and Her SubjectsNov. 17, 4:15 p.m.In a talk that touches on issues of craft, narrative, and inspiration, Pulitzer Prize-winning author Megan Marshall ’77, RI ’07, will discuss her work on past and current subjects, including Elizabeth Peabody, Elizabeth Bishop, and Elizabeth Hawthorne.Rediscovering PlutoNov. 19, 7:30 p.m.Join Kelly Beatty from Sky & Telescope magazine for this talk on the mysterious stellar body, with telescopic observing from the observatory roof (weather permitting).Danilo Perez, John Patitucci, and Brian BladeNov. 20, 8 p.m.The jazz masters, under the leadership of tenor saxophone titan Wayne Shorter, have launched themselves skyward as an all-star trio. Special opener by 12-year-old Balinese pianist Joey Alexander.Billy Collins and Aimee MannNov. 21, 8 p.m.Former U.S. poet laureate and Guggenheim Fellow Billy Collins and Oscar- and Grammy-nominated singer-songwriter Aimee Mann come together for a rare evening of poetry, acoustic music, and conversation about their art forms and creative processes.DECEMBEROne Child Born: The Music of Laura Nyro Dec. 2-4This acclaimed one-woman show, featuring Kate Ferber, celebrates the music and creative force of the late singer-songwriter and Rock and Roll Hall of Famer whose pop masterpieces — including “Eli’s Comin’,” “And When I Die,” “Save the Country,” and “Stoney End” — topped the charts in the ’60s and ’70s. HUBweek is an invitation. An invitation to wander. To ask why and why not. To be a part of something bigger. And to celebrate the world-changing work, art and thinking being imagined and built in Greater Boston. Join robots, change-makers, leaders, and the curious Oct. 3-10, 2015 for a series of events, unexpected experiences, and celebrations taking place all across the city. HUBweek: ILLUMINUSOct. 3-4ILLUMINUS, Boston’s nighttime contemporary art festival, presents innovative and imaginative art interventions that are site-specific and multisensory. Established in the SoWa Arts District, the festival takes over Lansdowne Street to kickoff HUBweek.HUBweek: Fenway Forum: What’s the Right Thing to Do?Oct. 4, 4 p.m.HUBweek invites the public to this unprecedented civic event, led by one of the world’s leading political philosophers, in an iconic Boston setting: Fenway Park. Harvard Professor Michael Sandel will lead an all-star panel of authors, artists, entertainers, and other public figures in a lively discussion — with audience participation — about some hard ethical questions and the meaning of citizenship today.How Does the Environment Affect Our Health? Oct. 5, 6 p.m.A panel discussion with Julia Africa, Joseph Allen, and John D. Spengler, who will share current research about environmental impacts on health and discuss new technologies, initiatives, and policies designed to promote human well-being.Morris Gray ReadingOct. 7, 5 p.m.Acclaimed poet Laura Kasischke reads from her award-winning work, including her latest, “The Infinitesimals.”HUBweek: Your Brain on Art: How Does Light Influence Our Creation and Perception of Images?Oct. 7, 6 p.m.How does light inspire and help artists create visual stories about places, moments, or experiences? What happens inside a person’s brain when he or she admires art? Do all people perceive the same thing when looking at a painting or photograph? Margaret Livingstone, professor of neurobiology at Harvard Medical School, and photographer Sharon Harper, professor of visual art at Harvard, will explore these questions and illuminate the science and art behind seeing, perceiving, and creating images.Damon Krukowski: Not to Be PlayedOct. 8-25This exhibit and performance airs the materials and sounds of an audio recording Ezra Pound made at Harvard just before World War II, in 1939, of a “bloody sestina” that the poet believed could (and perhaps did) incite violence.Pop Poetry WalkOct. 11, 1 p.m.In conjunction with the Harvard Art Museums’ exhibition “Corita Kent and the Language of Pop,” poet Eileen Myles will lead a group through a walking tour and writing a collective poem, which will be read at the entrance to the museums. The reading will be open to the public.teamLab at Radcliffe: What a Loving and Beautiful WorldOct. 16-Nov. 14Based in Japan, teamLab is a consortium of artists, engineers, and computer scientists specializing in ultra-technological installations. In this exhibit, Chinese and Japanese characters appear on the gallery walls. When the characters are touched, an image of the meaning emerges and interacts with images generated from other characters. The result is a colorful, multisensory space that continuously evolves as the images are released and influence one another.center_img “Kansas City Choir Boy” will be at Oberon Oct. 1-10. HUBweekOct. 3-10This weeklong series of events is a joint venture between The Boston Globe, Massachusetts Institute of Technology, Massachusetts General Hospital, and Harvard University. The confluence of art, science, and technology that is the hallmark of this region has created a culture of meaningful innovation and problem-solving. HUBweek is a celebration of the big ideas and bold solutions that emerge from the spirit, intellectual energy, and creativity of this community, and will showcase the world-changing work, art, and thinking coming out of Greater Boston. See all of Harvard’s HUBweek events.HUBweek 2015 <a href=”https://www.youtube.com/watch?v=fkNxfOjL7eE” rel=”nofollow” target=”_blank”> <img src=”https://img.youtube.com/vi/fkNxfOjL7eE/0.jpg” alt=”0″ title=”How To Choose The Correct Channel Type For Your Video Content ” /> </a> SEPTEMBERWaitressThrough Sept. 27This world-premiere musical transforms the beloved film to a stage production with music and lyrics by Grammy-nominated Sara Bareilles.Diane Paulus on the A.R.T.’s 2015-16 seasonDiane Paulus, the A.R.T.’s Terrie and Bradley Bloom Artistic Director, discusses the upcoming season and the importance of theater in telling stories. Black Chronicles IIThrough Dec. 11, 2015The Ethelbert Cooper Gallery of African & African American Art presents the U.S. premiere of this exhibition curated by London-based arts agency Autograph ABP. The show explores the presence of black subjects in 19th- and early 20th-century British photography.Corita Kent and the Language of PopThrough Jan. 3, 2016An exhibition examining the work of Corita Kent — a Roman Catholic nun, an artist, and educator — featuring her screen prints, films, installations, and the 1971 mural painted on the Boston Gas (now National Grid) tank.Nepal – In Memoriam: Exhibit and Fundraiser for Nepal Through Oct. 29, 2015This exhibit will raise funds for Harvard’s South Asia Institute Nepal Research and Reconstruction Fund, providing support for projects in Nepal developed in partnership with local organizations, with a focus on the country’s long-term reconstruction.Islam & the Future of ToleranceSept. 14, 6 p.m.This John F. Kennedy Jr. Forum brings together Sam Harris, author of “The End of Faith: Religion, Terror, and the Future of Reason,” and Maajid Nawaz, author of “Radical: My Journey Out of Islamist Extremism.”Bob Schieffer ― The 2016 Presidential ElectionSept. 15, noonIn his first event as the new Walter Shorenstein Media and Democracy Fellow, Bob Schieffer, one of America’s most honored and respected journalists, gives his expert analysis of the current status of the 2016 presidential election campaign.Black Liveness Matters:  Tracing the Sounding SubjectSept. 17-18, 4 p.m.George E. Lewis, the Edwin H. Case Professor of American Music at Columbia University, delivers the two-part George and Joyce Wein Lecture Series in African and African-American Music, which will consist of one lecture and one master class or performance.Women in BiotechSept. 18, 1 p.m.This symposium will explore the divide between the large number of women who pursue advanced degrees in related scientific fields and their representation in leadership positions in biotech firms.Summit on the Future of EuropeSept. 22, 4 p.m.The summit will convene scholars and public leaders at Harvard in order to deepen the debate on critical challenges facing Europe and generate ideas that support effective policy responses.The Sharp Amnesias of Guy MaddinSept. 25-Nov. 14Phantasmagoric Canadian filmmaker Guy Maddin, who will be a visiting lecturer at Harvard this year, pays a visit to the Harvard Film Archive during a retrospective of his unique independent cinema, including his latest anachronistically surreal effort, “The Forbidden Room.”12th Annual Brian J. Honan Run/WalkSept. 27, noonThe Brian J. Honan Charitable Fund was established to carry on Honan’s commitment to the causes he championed throughout the course of his life. Funds from the race have assisted and fostered local and national programs that support education, recreation, housing, and healthcare.An Evening with Rebecca SklootSept. 29, 5 p.m.Rebecca Skloot, author of the award-winning “The Immortal Life of Henrietta Lacks,” presents a lecture and discussion about the book and her path to writing it.OCTOBERKansas City Choir BoyOct. 1-10A mystery told in flashbacks, this show is the story of two lovers in small-town America who separate when one goes in search of destiny and then disappears. Co-starring Courtney Love and Todd Almond. <a href=”https://www.youtube.com/watch?v=0OrCEY1Z38g” rel=”nofollow” target=”_blank”> <img src=”https://img.youtube.com/vi/0OrCEY1Z38g/0.jpg” alt=”0″ title=”How To Choose The Correct Channel Type For Your Video Content ” /> </a>last_img read more

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Students celebrate Asian cultures at fair

first_imgThe sounds of samulnori drums were heard throughout LaFortune Student Center on Sunday, ringing from the ballroom, which was transformed into a fair where three cultures came together to celebrate the languages, cultures and diversity at Notre Dame. The language programs of the department of East Asian languages and cultures held their fifth annual “Celebrate Asia!” event to celebrate the unique cultures of China, Japan and Korea.“Celebrate Asia!” is sponsored by the department of East Asian languages and cultures and the Liu Institute for Asia and Asian Studies.Students got their creative juices flowing by hand-designing Korean fans called “buchaes” and practicing calligraphy in Chinese, Japanese or Korean. Some got competitive in “wuzi qi,” a traditional Chinese board game that resembles Connect Four. Others tested their motor skills by playing “ti jianzi,” a game that involves keeping a weighted shuttlecock in the airborne using their feet.Yongping Zhu, associate professor and Chinese program coordinator, highlighted the importance of this event.“We believe that language and culture cannot be separated,” he said. “Students will learn the languages better once they know the cultures. … Through this event, students will not only learn the culture in their target languages but also other related East Asian cultures.”As for next year, Zhu said he already had some ideas to further improve the event. He said each program replaces an activity or two each year to meet the students’ interests. While most booths exhibit traditional cultures of the countries, the planning committee is looking to increase the number of activities that better represent modern East Asia.Professional specialist Noriko Hanabusa said the event could make the Japanese program and Japanese culture more visible on campus.“Unlike Chinese and Korean, [the] Japanese program is facing serious challenges: We have very few native speakers or heritage speakers of Japanese on campus and in the South Bend community,” Hanabusa said. “ … So, it is difficult for students taking Japanese to use the language in the real-life context. We are actively planning to have extracurricular activities and events to get [these speakers together, and] ‘Celebrate Asia!’ is one of them.“The focus in our language classes is practicing the skills of languages, and we do not have enough time to talk about various cultural aspects. The event could introduce some unique culture on hands-on activities, which I think is very important.”Hanabusa said the faculty members of all three programs spent a lot of time planning to make “Celebrate Asia!” an annual occasion and that it is a testament of the three programs’ ability to communicate.In attendance were language students, international students, Asian Americans and students who just wanted to learn about the East Asian cultures. Students in a Chinese, Japanese or Korean language class were required to attend this class as part of the course requirements. A pamphlet listing all the activities and a brief description of each was provided to every participant. Students received stamps after visiting each booth, and eight stamps were required to receive the credit for attending the event.A number of participants brought friends outside of the language classes; some came for the culture, activities and fun, others came for the food.The event offered East Asian food not found in the dining halls. The Chinese program ordered entrees from JW Chen’s. The Japanese program provided a variety of sushi from the local Martin’s Supermarket. The Korean program offered sweet rice cake desserts from nearby Oriental Market.Qinfeng Wu, an international graduate student, said his favorite aspect of the event was the ability to introduce so many parts of the Asian culture in a fun way and in a short amount of time.“It’s like a crash course, very efficient in raising people’s interests in Asia,” Wu said.Wu noted some of the limitations of such an event. He said the activities represented only very small portion of the Chinese culture but also said that the fun activities kept the students engaged and is a good complement to the classroom lectures.Dennis Zheng, a student enrolled in second-year Chinese, said the event did a good job not only in representing and highlighting his culture, but also in showcasing the cultures of other East Asian countries.“As a Chinese American, I also caught a glimpse of how the Korean and the Japanese cultures engaged in recreational activities as compared to the Chinese,” Zheng said. “ … This event highlights expression of culture through recreational activities.”Tags: Celebrate Asia, Chinese program, Liu Institute for Asia and Asian Studies.last_img read more

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