Public Citizen, a consumer advocacy group, has asked the Federal Elections Commission to investigate alleged violations of campaign finance laws by Freddie Mac's top lobbyist and a Republican fund-raising firm, although the complaint does not accuse Freddie Mac, as a corporate entity, of such violations.According to the complaint, during the 2002 election cycle, Mr. Delk hosted 45 fund-raising events for federal officeholders and candidates, many with direct oversight over Freddie Mac. A statement released by Public Citizen says Mr. Delk paid "significantly discounted prices" for the fund-raising events, "the low balling of which kept Delk's total contributions within federal limits." Mr. Delk used Epiphany Productions of Virginia, a Republican fund-raising firm, to organize the events. A Freddie spokeswoman said Mr. Delk hosted the events "as a private citizen, not on the behalf of our company." She added that Freddie Mac does not feel he violated any campaign finance laws in regard to the fund-raisers. As of MortgageWire's deadline Friday, neither Mr. Delk's attorney, Jan Baran, nor Epiphany could be reached for comment.
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If Experian eventually charges for VantageScore 4.0, it will be offered for at least a 50% discount compared to what Fair Isaac Corp. charges for its FICO score.
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The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
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Federal Reserve Chair Jerome Powell acknowledged skepticism around the central banks large-scale asset purchases during the pandemic, noting the Fed likely "should have stopped" sooner, but fell short of admitting that the purchase of MBS' contributed to housing disparities.
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