Wall Street Reform bill

Joseph Wright  |   OW Senior Staff Writer
Sep 2 2010

Both seek equality and protection

Congresswoman Maxine Waters was the keynote speaker at a recent forum designed to help Black and other non-White businesses, as well as those run by women, gain greater access to major banks and brokers to help sustain and establish their corporations.

“Since the recession really took hold in December 2007,” the congresswoman explained, “about 2.3 million homes have been repossessed by banks. Currently, about one in 10 American households, with a mortgage, is at risk of foreclosure.”

Across Black America

Here’s a look at African American people and issues making headlines throughout the country.
California
Yvette Hollingsworth was recently named chief compliance officer for Wells Fargo & Co. Hollingsworth, who most recently served as managing director and global head of operations compliance and financial crimes compliance & risk management for Barclays Corporate & Investment Bank, will begin her new role on June 1, 2012. Hollingsworth will be based in San Francisco, and will report to Caryl Athanasiu, executive vice president and chief operational risk officer in the corporate risk group. As chief compliance officer, Hollingsworth will be responsible for ensuring that all areas of the company meet compliance management responsibilities and abide by all applicable laws and regulations. Her team will continue to provide independent oversight of business-based compliance management activities.
District of Columbia
U.S. Senator Barbara Boxer (D-CA) issued the following statement after the Senate voted to confirm Los Angeles attorney Paul Watford to serve on the U.S. Ninth Circuit Court of Appeals: “It is great news that the Senate has confirmed Paul Watford, an exceptionally talented attorney, to serve on the Ninth Circuit Court of Appeals. He has a breadth of experience as a former prosecutor and a top appellate litigator and will make an excellent addition to the federal bench. However, I am very disappointed that more of my Republican colleagues did not join us in backing this highly qualified nominee.” When Watford is sworn in, he will be only the second African American serving on the Ninth Circuit.