The New York Democrat has long criticized the Wall Street banks overseen by the committee, which will be led by another progressive hero, Rep. Maxine Waters.
Waters, who has served in the House since 1991, is the first African American and first women to the lead the House Financial Services Committee, giving her broad influence over the financial world — from Wall Street regulations to flood insurance.
The shutdown is costing the economy $1.5 billion a week. A growing number of businesses can’t get loans or deals approved.
Wall Street is particularly worried that an extended government shutdown would make it difficult for high-profile companies, including Lyft and Uber, to stage their widely anticipated IPOs this year. Experts say that could create even more volatility in the markets.
Michaela Christian was among hundreds of homeowners who lost their homes due to a mistake by Wells Fargo, which improperly denied them mortgage relief. She says her life will never be the same.
The investigations began nearly two years ago after the bank acknowledged opening more than 3 million sham accounts customers didn't want.
Goldman has repeatedly denied the allegations and said it was lied to. But the investigations have emerged as the biggest challenge to the bank’s reputation since the global financial crisis.
Critics called the effort to change the name a costly stunt aimed at undermining the bureau’s identity.
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.