Latest True Fact-checks in Financial Regulation Richard Ojeda stated on November 27, 2018 in a tweet: At General Motors, CEO Mary Barra "took home almost 22 MILLION DOLLARS last year alone (295x your company's average employee)." Richard Cordray stated on May 17, 2018 in a tweet: "Ohio's (payday lending) laws are now the worst in the nation. Things have gotten so bad that it is legal to charge 594 percent interest on loans." Bernie Sanders stated on February 11, 2016 in comments during the PBS Democratic debate: "The African-American community lost half of their wealth as a result of the Wall Street collapse." Hillary Clinton stated on July 13, 2015 in remarks in Manhattan: Says she "called for addressing risks of derivatives, cracking down on subprime mortgages and improving financial oversight" early on in the financial crisis. Seth Magaziner stated on April 13, 2014 in an appearance on “10 News Conference”: "In Rhode Island today, 25 percent of our households either don't have a bank account at all, or they have a bank account and they're still relying on high-cost financial services like payday loans, pawn shop check cashing and so on." Tom Price stated on August 14, 2013 in Twitter posts: Americans spend more than $160 billion and 6 billion hours per year complying with the tax code. Bill Weimer stated on June 26, 2012 in a newspaper column: "Fireworks have never been safer, and their use continues to increase each year." Sherrod Brown stated on December 7, 2011 in a Senate banking subcommittee hearing: Richard Cordray’s nomination to head the Consumer Financial Protection Bureau marks the first time in Senate history "that a political party has blocked a nomination of someone because they didn't like the construction of the agency." Bernie Sanders stated on October 4, 2011 in an interview with MSNBC: "Today, you have six financial institutions, the largest six, that have assets that are the equivalent of 60 percent of the GDP of the United States of America." Dennis Kucinich stated on September 7, 2011 in a television interview: "The Fed created $1.2 trillion out of nothing, gave it to banks, and some of them foreign banks, so that they could stabilize their operations." Elijah Cummings stated on May 24, 2011 in a congressional subcommittee hearing: The budget for the Consumer Financial Protection Bureau "is only about 1 percent of the amount banks generate just from late fees and overdraft fees." John Boehner stated on November 3, 2010 in a news conference: Says that the new financial services law requires 358 regulatory filings. Rick Scott stated on October 25, 2010 in a CNN/St. Petersburg Times debate.: "Your tellers were paid kickbacks for directing elderly consumers from ... safe deposits to risky ones." Kendrick Meek stated on August 11, 2010 in a TV ad.: "Warren Buffett called credit default swaps financial weapons of mass destruction. And Greene was the first individual to use them." Sherrod Brown stated on April 25, 2010 in an interview on "This Week.": "Fifteen years ago, the assets of the six largest banks in this country totaled 17 percent of GDP ... The assets of the six largest banks in the United States today total 63 percent of GDP."
Richard Ojeda stated on November 27, 2018 in a tweet: At General Motors, CEO Mary Barra "took home almost 22 MILLION DOLLARS last year alone (295x your company's average employee)." Richard Cordray stated on May 17, 2018 in a tweet: "Ohio's (payday lending) laws are now the worst in the nation. Things have gotten so bad that it is legal to charge 594 percent interest on loans." Bernie Sanders stated on February 11, 2016 in comments during the PBS Democratic debate: "The African-American community lost half of their wealth as a result of the Wall Street collapse." Hillary Clinton stated on July 13, 2015 in remarks in Manhattan: Says she "called for addressing risks of derivatives, cracking down on subprime mortgages and improving financial oversight" early on in the financial crisis. Seth Magaziner stated on April 13, 2014 in an appearance on “10 News Conference”: "In Rhode Island today, 25 percent of our households either don't have a bank account at all, or they have a bank account and they're still relying on high-cost financial services like payday loans, pawn shop check cashing and so on." Tom Price stated on August 14, 2013 in Twitter posts: Americans spend more than $160 billion and 6 billion hours per year complying with the tax code. Bill Weimer stated on June 26, 2012 in a newspaper column: "Fireworks have never been safer, and their use continues to increase each year." Sherrod Brown stated on December 7, 2011 in a Senate banking subcommittee hearing: Richard Cordray’s nomination to head the Consumer Financial Protection Bureau marks the first time in Senate history "that a political party has blocked a nomination of someone because they didn't like the construction of the agency." Bernie Sanders stated on October 4, 2011 in an interview with MSNBC: "Today, you have six financial institutions, the largest six, that have assets that are the equivalent of 60 percent of the GDP of the United States of America." Dennis Kucinich stated on September 7, 2011 in a television interview: "The Fed created $1.2 trillion out of nothing, gave it to banks, and some of them foreign banks, so that they could stabilize their operations." Elijah Cummings stated on May 24, 2011 in a congressional subcommittee hearing: The budget for the Consumer Financial Protection Bureau "is only about 1 percent of the amount banks generate just from late fees and overdraft fees." John Boehner stated on November 3, 2010 in a news conference: Says that the new financial services law requires 358 regulatory filings. Rick Scott stated on October 25, 2010 in a CNN/St. Petersburg Times debate.: "Your tellers were paid kickbacks for directing elderly consumers from ... safe deposits to risky ones." Kendrick Meek stated on August 11, 2010 in a TV ad.: "Warren Buffett called credit default swaps financial weapons of mass destruction. And Greene was the first individual to use them." Sherrod Brown stated on April 25, 2010 in an interview on "This Week.": "Fifteen years ago, the assets of the six largest banks in this country totaled 17 percent of GDP ... The assets of the six largest banks in the United States today total 63 percent of GDP."
Richard Ojeda stated on November 27, 2018 in a tweet: At General Motors, CEO Mary Barra "took home almost 22 MILLION DOLLARS last year alone (295x your company's average employee)."
Richard Cordray stated on May 17, 2018 in a tweet: "Ohio's (payday lending) laws are now the worst in the nation. Things have gotten so bad that it is legal to charge 594 percent interest on loans."
Bernie Sanders stated on February 11, 2016 in comments during the PBS Democratic debate: "The African-American community lost half of their wealth as a result of the Wall Street collapse."
Hillary Clinton stated on July 13, 2015 in remarks in Manhattan: Says she "called for addressing risks of derivatives, cracking down on subprime mortgages and improving financial oversight" early on in the financial crisis.
Seth Magaziner stated on April 13, 2014 in an appearance on “10 News Conference”: "In Rhode Island today, 25 percent of our households either don't have a bank account at all, or they have a bank account and they're still relying on high-cost financial services like payday loans, pawn shop check cashing and so on."
Tom Price stated on August 14, 2013 in Twitter posts: Americans spend more than $160 billion and 6 billion hours per year complying with the tax code.
Bill Weimer stated on June 26, 2012 in a newspaper column: "Fireworks have never been safer, and their use continues to increase each year."
Sherrod Brown stated on December 7, 2011 in a Senate banking subcommittee hearing: Richard Cordray’s nomination to head the Consumer Financial Protection Bureau marks the first time in Senate history "that a political party has blocked a nomination of someone because they didn't like the construction of the agency."
Bernie Sanders stated on October 4, 2011 in an interview with MSNBC: "Today, you have six financial institutions, the largest six, that have assets that are the equivalent of 60 percent of the GDP of the United States of America."
Dennis Kucinich stated on September 7, 2011 in a television interview: "The Fed created $1.2 trillion out of nothing, gave it to banks, and some of them foreign banks, so that they could stabilize their operations."
Elijah Cummings stated on May 24, 2011 in a congressional subcommittee hearing: The budget for the Consumer Financial Protection Bureau "is only about 1 percent of the amount banks generate just from late fees and overdraft fees."
John Boehner stated on November 3, 2010 in a news conference: Says that the new financial services law requires 358 regulatory filings.
Rick Scott stated on October 25, 2010 in a CNN/St. Petersburg Times debate.: "Your tellers were paid kickbacks for directing elderly consumers from ... safe deposits to risky ones."
Kendrick Meek stated on August 11, 2010 in a TV ad.: "Warren Buffett called credit default swaps financial weapons of mass destruction. And Greene was the first individual to use them."
Sherrod Brown stated on April 25, 2010 in an interview on "This Week.": "Fifteen years ago, the assets of the six largest banks in this country totaled 17 percent of GDP ... The assets of the six largest banks in the United States today total 63 percent of GDP."