Banking and credit regulation

FILE - In this Aug. 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. Shares of some major banks are tumbling before the market open Monday, Sept . 21, 2020, following a report alleging those including JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon continued to profit from illicit dealings with disreputable people and criminal networks despite being previously fined for similar actions. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
September 21, 2020 - 5:28 pm
The financial sector was hit hard Monday following a report alleging that a number of banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon among them — have continued to profit from illicit dealings with disreputable people and criminal networks despite...
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1010 WINS Newsroom
September 08, 2020 - 5:17 pm
NEW YORK (AP) — JPMorgan Chase said Tuesday that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs. The New York-based bank said it is working with law enforcement in some cases, although in a memo sent to employees it...
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FILE - In this June 15, 2018, file photo, cash is fanned out from a wallet in North Andover, Mass. High-interest payday and online lenders have long been among the few options for Americans with bad credit and lower incomes. Guidance issued in the spring by federal regulators cut a previously suggested rate cap on loans and that could mean banks start lending small-dollar, high-interest loans. (AP Photo/Elise Amendola, File)
1010 WINS Newsroom
July 29, 2020 - 9:51 am
For the millions of Americans who struggle to afford an unexpected expense, high-interest payday and online loans may seem like acceptable options despite the inherent risk. But guidance issued by federal regulators in the spring could bring a competitor to small-dollar lending: banks. The guidance...
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Treasury Secretary Steven Mnuchin speaks during a House Small Business Committee hearing on oversight of the Small Business Administration and Department of Treasury pandemic programs on Capitol Hill in Washington, Friday, July 17, 2020. (Erin Scott/Pool via AP)
1010 WINS Newsroom
July 17, 2020 - 8:04 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin urged Congress Friday to quickly enact a new pandemic relief package targeting hardest-hit swaths of the economy, as lawmakers race to stand up federal aid in the face of the latest spike in coronavirus cases across much of the Sun Belt and...
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FILE - In this Jan. 17, 2019, file photo Rep. Susie Lee, D-Nev., speaks at a news conference on Capitol Hill in Washington. At least 10 lawmakers and three congressional caucuses have ties to organizations that received federal coronavirus aid, according to government data released this week. A regional casino company led by the husband of Rep. Susie Lee received money. (AP Photo/Andrew Harnik, File)
1010 WINS Newsroom
July 08, 2020 - 12:21 am
WASHINGTON (AP) — At least a dozen lawmakers have ties to organizations that received federal coronavirus aid, according to newly released government data, highlighting how Washington insiders were both author and beneficiary of one of the biggest government programs in U.S. history. Under pressure...
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FILE - In this Jan. 17, 2019, file photo Rep. Susie Lee, D-Nev., speaks at a news conference on Capitol Hill in Washington. At least 10 lawmakers and three congressional caucuses have ties to organizations that received federal coronavirus aid, according to government data released this week. A regional casino company led by the husband of Rep. Susie Lee received money. (AP Photo/Andrew Harnik, File)
1010 WINS Newsroom
July 07, 2020 - 9:23 pm
WASHINGTON (AP) — At least a dozen lawmakers have ties to organizations that received federal coronavirus aid, according to newly released government data, highlighting how Washington insiders were both author and beneficiary of one of the biggest government programs in U.S. history. Under pressure...
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A P.F. Chang China Bistro restaurant is seen in Omaha, Neb., Tuesday, July 7, 2020. The restaurant is among big corporate names on the government’s list of 650,000 recipients of coronavirus relief loans despite the controversy that prompted other high-profile businesses to return billions of dollars in loans. P.F. Chang’s China Bistro said its loan of between $5 million and $10 million helped keep 12,000 workers employed as it transitioned its over 210 restaurants to take-out. (AP Photo/Nati Harnik)
1010 WINS Newsroom
July 07, 2020 - 4:13 pm
NEW YORK (AP) — Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise head to the unemployment line. Yet that's not exactly how it worked out. Among the 650,...
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FILE - In this Friday, June 26, 2020 file photo, Barber Mike McAndrew holds a mirror as customer Rob Verrastro looks at his new haircut at Three Saints Barbershop and Shave Parlor in Jessup, Pa. Restaurants, retailers and salons are desperately trying to stay afloat as the U.S. economy reopens in fits and starts after months in a coronavirus lockdown. But billions of dollars allocated by Congress as a lifeline to those very businesses are about to be left on the table when the government's Paycheck Protection Program stops accepting applications for loans Tuesday, June 29. (Christopher Dolan/The Times-Tribune via AP, File)
1010 WINS Newsroom
June 29, 2020 - 3:12 pm
NEW YORK (AP) — Billions of dollars offered by Congress as a lifeline to small businesses struggling to survive the pandemic are about to be left on the table when a key government program stops accepting applications for loans. Business owners and advocacy groups complain that the money in the...
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FILE - In this April 21, 2020, file photo Treasury Secretary Steven Mnuchin speaks about the coronavirus in the James Brady Press Briefing Room of the White House in Washington. The Trump administration has abruptly dropped on Friday, June 19, its insistence on secrecy for a $600 billion-plus coronavirus aid program for small businesses. Mnuchin refused to do so at a Senate hearing last week, saying the data was “proprietary information.” (AP Photo/Alex Brandon, File)
1010 WINS Newsroom
June 26, 2020 - 8:22 pm
WASHINGTON (AP) — After prodding from Democratic lawmakers, the Trump administration has agreed to give Congress — but not the public — complete data on the millions of small businesses that received loans from a $600 billion-plus coronavirus aid program. Senior administration officials told...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 26, 2020. Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. (AP Photo/Ahn Young-joon)
1010 WINS Newsroom
June 25, 2020 - 11:28 pm
BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. Benchmarks in Tokyo, Sydney and Southeast Asia advanced while Hong Kong declined. Chinese markets were closed for a holiday. Wall Street closed...
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