The Federal Reserve Board of Governors met to consider bank enforcement actions for the first time since November 2010, after Chair Janet Yellen pledged to Senator Elizabeth Warren in February to step up the board’s involvement in bank supervisory and regulatory matters.
Internal General Motors Co. documents released yesterday by Congress show that company executives, including Chief Executive Officer Mary Barra, were slow to respond to complaints about vehicle safety that built up for more than a decade.
Former Internal Revenue Service official Lois Lerner engaged in an “aggressive and improper pursuit” of Crossroads Grassroots Policy Strategies, a nonprofit political group advised by Republican Karl Rove, according to the House Ways and Means Committee.
The House Ways and Means Committee plans to send a letter to Attorney General Eric Holder saying former IRS executive Lois Lerner should be prosecuted for violating taxpayers’ rights, misleading investigators and disclosing taxpayers’ private information, a House aide said.
The Internal Revenue Service initially will make limited use of information supplied by other governments about U.S. citizens’ offshore holdings because of budget constraints, Commissioner John Koskinen said.