Lawrence Hurley
(Adds focus of questions by justices on constitutional issue)
WASHINGTON, Dec 9 (Reuters) - U.S. Supreme Court justices on Wednesday questioned the constitutional structure of a federal agency as they weighed a bid by shareholders of mortgage finance companies Fannie Mae and Freddie Mac to pursue legal claims arising from the 2008 housing crisis.
The justices heard an appeal by President Donald Trump’s administration of a lower court ruling that let shareholders in Fannie and Freddie pursue a challenge to a 2012 agreement between the Federal Housing Finance Agency (FHFA) and the Treasury Department after the government’s rescue of the two companies.
New Orleans-based entrepreneur Jesseca Dupart, creator of Kaleidoscope Hair Products, is investing $50k in distance learning support for New Orleans students. Dupart will also host virtual motivational workshops as part of her company’s “#WhatsHot Bridge the Digital Divide” charitable initiative.
“We appreciate Jesseca Dupart and Kaleidoscope Kares’ donation to the City of New Orleans to expand WiFi access throughout eight recreational community center learning hubs in the City of New Orleans. We know that the COVID-19 pandemic has exacerbated the city’s digital divide, especially during what often has been a ‘virtual school year,’ and families adjusting to a new learning curve. Partnerships like this help our Office of Youth and Families and NORD facilities as they work to bridge that divide,” said Mayor LaToya Cantrell at a Nov. 12 event.