Elizabeth Warren

A group of seven Senate Democrats and one independent has written a letter to the Financial Accounting Standards Board asking FASB to require multinational corporations to disclose their taxes, profits, and revenues on a country-by-country basis, echoing a recent letter from a group of House lawmakers.

Sen. Elizabeth Warren, D-Mass., and three other Senate Democrats are asking the Federal Trade Commission for a government review of the private companies that have been contracted by the Internal Revenue Service to help collect overdue tax debts.

Four Senate Democrats have written a letter to one of the companies hired by the Internal Revenue Service to collect tax debts after complaints that some of its employees encouraged people to use money from their 401(k) retirement funds or take out a second mortgage to pay off their tax debts.

Senators ask the Public Company Accounting Oversight Board about auditing rules in the wake of a high-profile scandal involving the opening of millions of customer accounts.

The new administration is delivering on bankers’ wish lists and sending shares of the biggest U.S. financial companies soaring.