Financial industry regulation

FILE - In this June 27, 2017 file photo, the proprietor of a medical marijuana dispensary prepares his monthly tax payment, over $40,000 in cash, at his Los Angeles store. Congress on Wednesday, Feb. 13, 2019, was urged to fully open the doors of the nation's banking system to the legal marijuana industry, a change that supporters say would reduce the risk of crime and resolve a litany of problems for pot companies from paying taxes to getting a loan. (AP Photo/Jae C. Hong, File)
February 13, 2019 - 4:45 pm
LOS ANGELES (AP) — Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the legal marijuana industry, a change that supporters say would reduce crime risks and resolve a litany of challenges for cannabis companies, from paying taxes to getting...
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FILE - In this Jan. 23, 2019, file photo, a view of the White House in Washington, Wednesday, Jan. 23, 2019. Borrowing a word from Democrats, a new White House report says changes made to the Affordable Care Act under President Donald Trump didn’t amount to “sabotage.” (AP Photo/Susan Walsh, File)
February 08, 2019 - 8:23 am
WASHINGTON (AP) — A new report from the White House tries to shift the Trump administration's combative rhetoric on health care, suggesting changes to the Affordable Care Act under President Donald Trump do not fundamentally undermine the health law. The Council of Economic Advisers report ,...
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FILE - This Aug. 22, 2003 file photo shows the corporate headquarters of BB&T in Winston-Salem, N.C. Southern regional banks BB&T and SunTrust are combining in an all-stock deal valued at about $66 billion. The banks said Thursday, Feb. 7, 2019 that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households (David Rolfe/The Winston-Salem Journal via AP)
February 07, 2019 - 9:39 am
NEW YORK (AP) — Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis. The deal would create yet another financial titan in the U.S. The combined company will be the sixth-largest retail...
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FILE- In this Aug. 9, 2018, photo a manager of a financial services store in Ballwin, Mo., counts cash being paid to a client as part of a loan. The nation's federal financial watchdog has announced its plans to roll back most of its consumer protections governing the payday lending industry. It's the Consumer Financial Protection Bureau's first rollback of regulations under its new Director, Kathy Kraninger, who took over the bureau late last year. (AP Photo/Sid Hastings, File)
February 06, 2019 - 12:45 pm
NEW YORK (AP) — The nation's federal financial watchdog said Wednesday that it plans to abolish most of its critical consumer protections governing payday lenders. The move is a major win for the payday lending industry, which argued the government's regulations could kill off a large chunk of its...
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FILE- In this Oct. 26, 2018, file photo Health and Human Services Secretary Alex Azar speaks about proposed reforms to Medicare Part B drug pricing policies at the Brookings Institute in Washington. The Trump administration says it is moving ahead with a plan to let patients directly receive prescription drug discounts negotiated behind-the-scenes between drugmakers, middlemen, and insurers. Azar said Thursday, Jan. 31, 2019, the proposed regulation would encourage the major industry players to channel any such discounts to consumers when they purchase their prescriptions. (AP Photo/Alex Brandon, File)
February 01, 2019 - 5:10 pm
WASHINGTON (AP) — The Trump administration's top health official asked Congress on Friday to pass its new prescription drug discount plan and provide it to all patients, not just those covered by government programs like Medicare. The plan would take now-hidden rebates among industry players like...
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The Deutsche Bank headquarters is seen behind a lamp ahead of the annual press conference in Frankfurt, Germany, Friday, Feb. 1, 2019. (AP Photo/Michael Probst)
February 01, 2019 - 7:18 am
FRANKFURT, Germany (AP) — Germany's struggling Deutsche Bank suffered another loss in the fourth quarter as it faces a raft of issues including a steeply lower share price, merger speculation and continuing legal questions. The loss of 409 million euros ($469 million) was an improvement from the...
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FILE- In this Oct. 26, 2018, file photo Health and Human Services Secretary Alex Azar speaks about proposed reforms to Medicare Part B drug pricing policies at the Brookings Institute in Washington. The Trump administration says it is moving ahead with a plan to let patients directly receive prescription drug discounts negotiated behind-the-scenes between drugmakers, middlemen, and insurers. Azar said Thursday, Jan. 31, 2019, the proposed regulation would encourage the major industry players to channel any such discounts to consumers when they purchase their prescriptions. (AP Photo/Alex Brandon, File)
January 31, 2019 - 4:55 pm
WASHINGTON (AP) — The Trump administration Thursday unveiled a plan to channel now-hidden prescription drug rebates directly to patients, saying it would bypass middlemen and lower prices for consumers. The proposed regulation from Health and Human Services Secretary Alex Azar would eliminate...
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FILE - In this Jan. 24, 2019 file photo, Sebring Police Chief Karl Hoglund answers a question during a news conference in Sebring, Fla. Five people were shot and killed on Wednesday at a SunTrust Bank. The police chief in Sebring, Fla, declined to release some of the slain women's names at the request of their families, citing a provision in the "Marsy's Law" amendment to the state Constitution that voters approved in November. Florida's law specifically allows crime victims to prevent the disclosure of information that could be used to locate or harass them or their families. Marsy's Law is being bankrolled by a California billionaire whose sister, Marsalee Nicholas, was slain in 1983. (AP Photo/Chris O'Meara, File)
January 25, 2019 - 3:09 pm
OKLAHOMA CITY (AP) — A Florida police chief's decision not to release the names of some of the five women killed in a bank shooting this week represents the first high-profile test of a law being enacted in several states that pits victim privacy against the public's right to know. The police chief...
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Britain's Prime Minister Theresa May makes a statement to MPs in the House of Commons, London, Monday, Jan. 21, 2019. British Prime Minister Theresa May has rejected calls to delay Britain's departure from the European Union, and says she will press on with efforts to get an EU divorce bill approved by Parliament. May says she will hold more talks with government and opposition lawmakers about their concerns over the deal, before going back to EU leaders. (House of Commons via AP)
January 21, 2019 - 2:07 pm
LONDON (AP) — British Prime Minister Theresa May unveiled her Brexit Plan B on Monday — and it looks a lot like Plan A. May launched a mission to resuscitate her rejected European Union divorce deal, setting out plans to get it approved by Parliament after securing changes from the EU to a...
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This Thursday, Nov. 29, 2018, photo shows a Wells Fargo bank location in Philadelphia. Wells Fargo & Co. reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Matt Rourke, File)
January 15, 2019 - 6:01 am
NEW YORK (AP) — Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps. The San Francisco-based bank said it earned a profit of $6.06...
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