Private prison giants CoreCivic and GEO Group have been abandoned by Wall Street and seen their stock prices plummet. Analysts have begun to worry about a future financing crunch for the two companies that together account for 80 percent of the private prison industry.
The Republican from New York, among Trump’s earliest endorsers, had called the charges against him ‘meritless’ but is scheduled to change his plea Tuesday afternoon.
The Trump administration’s plan for ending their government conservatorship includes a once-unthinkable concession: Fannie and Freddie are here to stay, and taxpayers could be called on to bail them out again.
Scharf was formerly the chairman and chief executive of Bank of New York Mellon.
This comes at a time when the Trump administration is prosecuting fewer white-collar crimes. The number of cases brought against corporations fell to 99 last year compared with 181 in 2015, according to the U.S. Sentencing Commission.
The reprieve may be short-lived, however, as the Justice Department decides whether to intervene in the case.
Purdue asked the bankruptcy judge to take the unusual step of halting more than two dozen lawsuits by state attorneys general against the Sackler family, which Forbes estimates is worth $13 billion. If the lawsuits aren't halted, the drugmaker said, the family may not contribute to a settlement agreement reached with multiple states as planned.
The Trump administration’s plan to overhaul the housing finance system would make mortgages more expensive for minority borrowers and aspiring homeowners in the South, the Midwest and rural communities, according to fair housing and lending groups.
The Trump administration’s proposals envisions a smaller role for the government in the housing market, but leaves it to lawmakers and regulators to figure out many of the details.
Equifax has received the most complaints, 83,252. Its political action committee contributed $5,000 to Mulvaney, according to a new report by Public Citizen.