Banking and credit regulation

October 10, 2019 - 12:43 pm
WASHINGTON (AP) — The Federal Reserve has approved a package of rules that will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules. The Fed's rule changes approved...
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FILE - In this May 10, 2019, file photo, China's Vice Premier Liu He, left is greeted by U.S. Treasury Secretary Steve Mnuchin, second from right, and U.S. Trade Representative Robert Lighthizer, third right, as he arrives at the Office of the United States Trade Representative in Washington. China's Ministry of Commerce said Tuesday that Liu is going to Washington on Thursday for talks aimed at ending the tariff war. (AP Photo/Andrew Harnik, File)
October 08, 2019 - 1:15 am
BEIJING (AP) — China's chief trade envoy is going to Washington on Thursday for talks aimed at ending a tariff war. Vice Premier Liu He will lead a delegation that includes China's commerce minister and central bank governor and industry, technology and agriculture regulators, the Ministry of...
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FILE - In this July 17, 2019 file photo, Democratic presidential candidate, Sen. Bernie Sanders, I-Vt., speaks about his "Medicare for All" proposal at George Washington University in Washington. Sanders had a heart attack, his campaign confirmed Friday, Oct. 4, as the Vermont senator was released from a Nevada hospital. Sanders' campaign released a statement from the 78-year-old's Las Vegas doctors that said the senator was stable when he arrived Tuesday at Desert Springs Hospital Medical Center. (AP Photo/Patrick Semansky)
October 07, 2019 - 3:00 am
WASHINGTON (AP) — Bernie Sanders is unveiling a major campaign finance plan, continuing his 2020 presidential bid even as he's at home recuperating from a heart attack. The Vermont senator said Monday that as president he'd enact mandatory public financing laws for all federal elections and ban...
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September 26, 2019 - 12:31 am
THE HAGUE, Netherlands (AP) — Dutch bank ABN AMRO says it is under investigation for possible breaches of the Netherlands' money laundering and terrorism financing legislation. The bank announced the probe in a short statement Thursday and said it will cooperate fully with investigators. Earlier...
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August 30, 2019 - 3:54 pm
WASHINGTON (AP) — Education Secretary Betsy DeVos has issued a new rule on loan forgiveness for students defrauded by their colleges, a rewrite of Obama-era regulations that advocates say will make it tougher for students to get relief. DeVos says schools must be held accountable but that the Obama...
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July 26, 2019 - 6:48 am
FRANKFURT, Germany (AP) — The European Central Bank says it and 21 national central banks in Europe are letting a formal agreement regulating gold sales expire, saying the deal that once sought to stabilize the market for the precious metal is no longer needed. The ECB said Friday that the fourth...
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In this July 10, 2019, photo a Wells Fargo building is shown in downtown Minneapolis. JP Morgan Chase reports financial results on Tuesday, July 16, 2019. Wells Fargo & Co. reports financial results on Tuesday, July 16. (AP Photo/Jim Mone)
July 16, 2019 - 6:01 am
SAN FRANCISCO (AP) — Consumer banking giant Wells Fargo reported better-than-expected earnings for the second quarter on Tuesday, despite remaining under heavy restrictions by regulators for an assortment of scandals in recent years. The San Francisco-based bank reported second-quarter earnings of...
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FILE - This March 28, 2018, file photo shows a Facebook logo at the company's headquarters in Menlo Park, Calif. Facebook’s ambitious plan to create a new financial system based on a digital currency faces questions from lawmakers, as it’s shadowed by negative comments from President Donald Trump, his Treasury secretary and the head of the Federal Reserve. (AP Photo/Marcio Jose Sanchez, File)
July 15, 2019 - 9:27 pm
WASHINGTON (AP) — Facebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it's shadowed by negative comments from President Donald Trump, his treasury secretary and the head of the Federal Reserve. Congress begins two days of...
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Treasury Secretary Steve Mnuchin speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP Photo/Carolyn Kaster)
July 15, 2019 - 3:23 pm
WASHINGTON (AP) — The Trump administration came out strongly Monday against Facebook's ambitious plan to create a new digital currency, as the Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking and financing terrorism. Treasury Secretary Steven...
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FILE - In this May 2, 2019, file photo Mark Carney the Governor of the Bank of England speaks during an Inflation Report Press Conference at the Bank of England in the City of London. The Bank of England is open to the idea of letting new payment services such as Facebook's upcoming Libra hold funds with the central bank, Carney said Thursday, June 20. (AP Photo/Matt Dunham, Pool, File)
June 26, 2019 - 3:13 am
LONDON (AP) — Bank of England Governor Mark Carney says he'd be inclined to back a stimulus package to shore up the British economy if the country crashes out of the European Union at the end of October with no deal. In testimony to lawmakers, Carney said Wednesday that the response from the bank's...
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