Latest Maxine Waters News

FILE - In this April 10, 2019 file photo, Bank of New York Mellon chairman and CEO Charles Scharf, left, testifies before the House Financial Services Committee during a hearing on Capitol Hill in Washington.  Scharf, the third chief executive of Wells Fargo in four years, appeared in front of Congress on Tuesday, March 10, 2020. He said that there's much the bank needs to do to fix its cultural problems, and isn't expecting it to be done until 2021.   (AP Photo/Patrick Semansky, File)

New Wells Fargo CEO: Issues will not resolve until 2021

Mar. 10, 2020 12:53 PM EDT

NEW YORK (AP) — The third chief executive of Wells Fargo in four years appeared in front of Congress on Tuesday, saying that there's much the bank needs to do to fix its cultural problems, and isn't expecting it to be done until 2021. Charles Scharf took over the troubled bank late last year. He replaced...

FILE - In this Sept. 19, 2019, file photo, Los Angeles County District Attorney, Jackie Lacey speaks during a news conference in Los Angeles. Two candidates running campaigns based around criminal justice reforms are trying to unseat the two-term district attorney of Los Angeles. Lacey is opposed by former San Francisco District Attorney George Gascon and ex-public defender Rachel Rossi. (AP Photo/Damian Dovarganes, File)

High-stakes Los Angeles DA's race: Status quo vs. reform

Feb. 27, 2020 9:13 AM EST

LOS ANGELES (AP) — Jackie Lacey, the first black woman to lead the nation's largest local prosecutor's office, is fighting for a third term as Los Angeles County district attorney against a former police chief who says Lacey is too protective of law enforcement and puts too many people of color behind...

Nicola T. Hanna, U.S. Attorney for the Central District of California, at podium, announces at a news conference in Los Angeles Friday, Feb. 21, 2020, that Wells Fargo has agreed to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals. (AP Photo/Stefanie Dazio)

Wells Fargo to pay $3B to resolve probes into fake accounts

Feb. 21, 2020 7:19 PM EST

LOS ANGELES (AP) — Wells Fargo agreed Friday to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals. Since the fake-accounts scandal came to light in 2016,...