Financial industry regulation

June 25, 2019 - 3:21 am
BEIJING (AP) — China has criticized Washington's efforts to enforce U.S. law abroad following a news report three Chinese banks might be penalized over dealings with North Korea. The banks named by The Washington Post as facing possible loss of access to the U.S. financial system denied Tuesday...
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FILE - In this April 4, 2013, file photo, Facebook CEO Mark Zuckerberg walks at the company's headquarters in Menlo Park, Calif. Facebook’s plan to create a digital currency used across the world is already raising concern with financial regulators and privacy experts. (AP Photo/Marcio Jose Sanchez, File)
June 18, 2019 - 3:45 pm
SAN FRANCISCO (AP) — Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners. Just hours after the social media giant unveiled early plans for the Libra cryptocurrency, French Finance Minister Bruno Le Maire insisted that only...
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June 13, 2019 - 3:36 pm
WASHINGTON (AP) — The Trump administration is expanding options for employers to use special accounts to help workers buy their own health insurance, upgrade job-based coverage, or choose low-cost plans with limited benefits, officials said Thursday. The tax-free individual accounts are called "...
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FILE - In this May 9, 2019, file photo, California Gov. Gavin Newsom gestures towards a chart with proposed funding to deal with the state's homelessness as he discusses his revised state budget during a news conference in Sacramento, Calif. California lawmakers are scheduled to vote Thursday, June 13, 2019, on a $214.8 billion operating budget, sending the plan to Gov. Gavin Newsom's desk with a focus on expanding access to health insurance while spending billions of new money on homelessness and housing. (AP Photo/Rich Pedroncelli, File)
June 13, 2019 - 9:55 am
SACRAMENTO, Calif. (AP) — California lawmakers were poised Thursday to approve a framework for a $214.8 billion operating budget, the first step in a spending package that seeks to address the teacher shortage, expand health care to some adults living in the country illegally and bolster the state'...
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FILE - In this May 8, 2019, file photo, Uber and Lyft drivers carry signs during a demonstration outside of Uber headquarters in San Francisco. The ride-hailing companies Uber and Lyft say they are willing to change the way they treat drivers in California. That could include paying a base wage and providing certain benefits. But the companies are arguing they need to continue to classify drivers as independent contractors, not employees. California lawmakers are considering legislation that would tighten the rules around how companies classify workers as contractors. (AP Photo/Eric Risberg, File)
June 12, 2019 - 6:03 pm
SACRAMENTO, Calif. (AP) — Ride-hailing companies Uber and Lyft say they are willing to change the way they treat drivers in California as long as state lawmakers don't require them to classify drivers as employees, a move that would entitle them to a wide range of benefits. The California-based...
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FILE - In this Feb. 6, 2018, file photo, a woman walks through the front doors at a Fidelity Investments office on Congress Street as the ticker displays stock market numbers in Boston. Federal regulators are moving to require that brokers provide their customers with detailed disclosures of their potential conflicts of interest when dispensing advice for retirement planning and other investments. (AP Photo/Stephan Savoia, File)
June 05, 2019 - 11:05 am
WASHINGTON (AP) — Stockbrokers will have to divulge their potential conflicts of interest to clients when they give them investment advice under action taken Wednesday by federal regulators. The regulation adopted by the Securities and Exchange Commission will also require brokerages to eliminate...
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May 26, 2019 - 7:27 am
SACRAMENTO, Calif. (AP) — The California Legislature faces key decisions this week, including trying to reign in police use of force, prevent rent spikes, and alter labor laws affecting workers in the gig economy. Friday is the deadline for the Assembly and Senate to pass or reject bills that...
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Gov. Gavin Newsom speaks at the California Chamber of Commerce's 94th Annual Sacramento Host Breakfast, Thursday, May 23, 2019, in Sacramento, Calif. Newsom said housing and inequality are two of the biggest issues facing state government and California businesses. (AP Photo/Rich Pedroncelli)
May 24, 2019 - 4:16 pm
SACRAMENTO, Calif. (AP) — California lawmakers are headed toward a confrontation with Gov. Gavin Newsom over whether to keep a tax that can generate nearly $2 billion for low-income health benefits but means approval from the Trump administration amid a feud between state and federal officials...
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Michigan Gov. Gretchen Whitmer speaks after touring the Hope Network Neuro Rehabilitation campus Thursday, May 16, 2019, in East Lansing, Mich. The Democrat says she is open to letting drivers opt out of mandatory unlimited medical coverage in their auto insurance policies, but opposes a full opt-out option. (AP Photo/David Eggert)
May 24, 2019 - 7:46 am
LANSING, Mich. (AP) — Michigan's Legislature was poised Friday to pass a bill that would cut the country's highest auto insurance premiums by letting drivers forego a one-of-a-kind requirement to buy unlimited medical coverage for crash injuries. The pending votes followed the announcement of an...
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Stephen Calk, center, leaves Federal court with his attorney Jeremy Margolis, left, Thursday, May 23, 2019, in New York. Calk charged in New York with issuing loans to win a role in President Donald Trump's administration has pleaded not guilty. (AP Photo/Mary Altaffer)
May 23, 2019 - 6:25 pm
NEW YORK (AP) — A banker who prosecutors say tried to buy himself a senior post in President Donald Trump's administration by making risky loans to former Trump campaign chairman Paul Manafort pleaded not guilty Thursday to a financial institution bribery charge as his lawyer said he's done nothing...
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