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Ted Cruz Hammers Eric Holder on Drone Strikes against Americans

By: Mira Acheson

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Ted Cruz Hammers Eric Holder on Drone Strikes against Americans - Video

AVN | Eric Holder: "No Plans To Investigate Deaths At VA Clinics"
AmericasVoiceNow.org | facebook.com/AmericasVoiceNow 5/14 3of4 Please share this video so your countrymen see how a leader acts in the face of danger. Story ...

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AVN | Eric Holder: "No Plans To Investigate Deaths At VA Clinics" - Video

The response to scandals has been to gut auditing power -- when we most need transparency from banks and government

When financial crimes go unpunished, the root problem of fraud never gets fixed -- and these are the consequences

It's well known that the two men aren't buddies, but the Texas congressman is taking their rivalry to a new level

Two conflicting new reports show our confused priorities

The attorney general says both the feds and other states are taking a wait-and-see approach to legalizing marijuana

Did the Justice Department have other fish to fry -- or did it avoid a showdown for fear of backlash?

After the two bickered during a hearing, the attorney general was still thinking about his congressional nemesis

Turns out the states are only sovereign when they're denying equal rights to their citizens -- not for pain relief

The attorney general spars once again with Tea Party hero Louie Gohmert

In a letter to Attorney General Eric Holder, the Senate majority leader warns that the CIA may "run amok"

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Eric Holder - Salon.com

By Ben Geier May 13, 2014: 11:13 AM ET

By Ben Geier, reporter

FORTUNE -- The Obama administration may have more than two years left in office, but U.S. Attorney General Eric Holder is making his last push to take action against Wall Street firms, theWall Street Journalreported Monday evening.

In the next few days, the Justice Department is expected to look for a guilty plea from Credit Suisse Group (CS), according to the Journal. Following that, the department expects tofinalize deals with Bank of America (BAC), Citigroup (C), and BNP Paribas (BNPQY).

MORE: Big banks' annual meetings could be especially stormy

The settlements relate to various infractions committed by the banks; for instance, Bank of America's case relates to how it dealt with mortgage-backed securities going all the way back to the lead-up to the 2008 credit crisis.

Citi's situation also deals with mortgage-backed securities, while BNP Paribas is suspected of ignoring U.S. sanctions on other countries, including Iran.

"I am impatient," Mr. Holder told the Journal. "We're talking about conduct that contributed to the greatest financial disaster since the Great Depression. Not the sole cause, but contributed to it, so this is a priority, and that's why I'm dedicating so much time to it."

The story notes that Holder -- a frequent target of criticism from the right who has served in his role since the beginning of the Obama administration -- is expected to remain at his post through at least November's midterm elections.

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U.S. Attorney General closes in on multiple banks

WASHINGTON - Federal authorities announced a proposed $60 million settlement Tuesday in a lawsuit alleging that thousands of military servicemembers were charged excessive interest rates for student loans.

The legal action, the first of its kind filed against student loan owners and processors for alleged violations of the Servicemembers Civil Relief Act, involves about 60,000 servicemembers who were charged rates in excess of the maximum 6%.

Attorney General Eric Holder and Education Secretary Arne Duncan said the settlement involving Sallie Mae, now known as Navient, awaits approval by a federal judge in Delaware.

Holder said the lenders engaged in "a nationwide practice'' for nearly a decade that failed to provide military members the 6% rate.

"This alleged overcharging appears to have been the rule, rather than the exception,'' Holder said. "According to an audit, excessive rates were charged to 93% of active-duty servicemembers who had loans owned or serviced by Sallie Mae.''

If approved, proceeds of the settlement would be distributed among the 60,000 members.

The government alleged that the lenders improperly obtained default judgments against servicemembers who were protected under the Civil Relief Act.

As a result, the terms of the proposed deal require lenders to request that credit agencies delete any negative entries based on the interest overcharges and default judgments.

"This type of conduct is more than just inappropriate,'' Holder said. "It is inexcusable. And it will not be tolerated.''

Holder said lenders cooperated with the inquiry and endorsed the settlement proposal.

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Service members cheated on student loans