Banking and credit regulation

May 20, 2019 - 12:55 pm
WASHINGTON (AP) — President Donald Trump is insisting he didn't borrow from many banks because he "didn't need the money," not because they wouldn't do business with him. Trump's tweets Monday appear to be in response to New York Times reporting that Deutsche Bank anti-money laundering specialists...
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FILE - In this Wednesday, April 10, 2019, file photo, Education Secretary Betsy DeVos testifies before the House Education and Labor Committee on Capitol Hill in Washington. A political battle is reheating over a federal program that was designed to cancel student loans for certain public workers but has largely failed to deliver that promise. The program, Public Service Loan Forgiveness, promises to erase federal student loans for public workers who make 10 years of payments while working for approved employers. (AP Photo/Manuel Balce Ceneta, File)
April 29, 2019 - 5:57 am
In 2007, the U.S. government made a promise to public service workers: Make 10 years of payments on their federal student loans and any remaining debt would be erased. But officials have largely failed to deliver. And that's left lawmakers questioning whether to end the program or try to fix it...
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FILE - This Oct. 20, 2018, file photo shows marijuana clone plants displayed for sale by Interstate 5 Farms at the cannabis-themed Kushstock Festival at Adelanto, Calif. California legislators are considering a plan to encourage more banks to do business with its legal marijuana industry. (AP Photo/Richard Vogel, File)
April 22, 2019 - 8:56 pm
LOS ANGELES (AP) — California legislators considered a plan Monday intended to encourage more banks to do business with marijuana companies that have been frozen out of thousands of financial institutions. Most Americans live in states where marijuana is legally available in some form. But most...
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April 16, 2019 - 2:56 pm
JERUSALEM (AP) — An Israeli court ordered the deportation of Human Rights Watch's local director on Tuesday and ordered him to leave the country within two weeks. The Jerusalem District Court rejected an appeal by Omar Shakir to remain in the country, citing his ongoing support of boycotts of...
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Morgan Stanley chairman and CEO James Gorman, from left, Bank of America chairman and CEO Brian Moynihan, State Street Corporation president and CEO Ronald O'Hanley, Bank of New York Mellon chairman and CEO Charles Scharf and Goldman Sachs chairman and CEO David Solomon are sworn in before testifying before the House Financial Services Commitee during a hearing, Wednesday, April 10, 2019, on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
April 10, 2019 - 12:10 pm
NEW YORK (AP) — The heads of some of the largest banks in the U.S. appeared in front of Congress on Wednesday in the largest gathering of leaders of the banking industry in Washington since the financial crisis. The chief executives of JPMorgan Chase and Goldman Sachs, along with the CEOs of five...
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FILE - In this Monday, Nov. 1, 2004 file photo, seven time U.S. Rep. Charles Taylor R-N.C. speaks during a campaign stop at the Asheville Airport, near Fletcher, N.C. A Russian bank owned by former U.S. congressman Charles Taylor has been stripped of its license for allegedly breaking anti-money laundering rules. The Russian Central Bank says that Commercial Bank of Ivanovo committed "numerous" breaches of anti-money laundering legislation and inflated the value of its assets. (AP Photo/Alan Marler, File)
April 05, 2019 - 7:33 am
MOSCOW (AP) — A small Russian bank owned by former U.S. congressman Charles Taylor was stripped of its license Friday after allegedly breaking anti-money laundering rules. Russia's central bank said that Commercial Bank of Ivanovo committed "numerous" breaches of anti-money laundering regulations...
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Wells Fargo CEO Timothy Sloan is questioned by the House Financial Services Committee about revelations the bank had created millions of fake bank accounts to reach their financial goals, on Capitol Hill in Washington, Tuesday, March 12, 2019. (AP Photo/J. Scott Applewhite)
March 12, 2019 - 2:25 pm
WASHINGTON (AP) — The CEO of beleaguered Wells Fargo told Congress Tuesday that the bank has cleaned up its act after a series of scandals that affected millions of customers. But Democrats — and some Republicans — on the House Financial Services Committee didn't seem to be buying it. Wells Fargo...
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March 11, 2019 - 7:20 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Monday that the strong U.S. economy is masking the struggles of many families in lower-income communities. Powell said those communities still have not recovered from the declines in home values that occurred when the housing bubble...
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People wait for public transportation amid the country’s worst-ever power outage, in Caracas, Venezuela, Friday, March 8, 2019. Much of Venezuela was still without electricity Friday amid the country's worst-ever power outage, raising tensions in a country already on edge from ongoing political turmoil.(AP Photo/Eduardo Verdugo)
March 08, 2019 - 4:29 pm
CARACAS, Venezuela (AP) — The Latest on the political crisis in Venezuela (all times local): 5:15 p.m. An international arbitration tribunal is ruling that Venezuela must pay ConocoPhillips more than $8 billion as compensation for the government's expropriation of the U.S. oil giant's investments...
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House Financial Services Committee Chair Maxine Waters, D-Calif., leads a hearing to review the Consumer Financial Protection Bureau's mission to focus priority on consumers with the CFPB Dir. Kathy Kraninger, on Capitol Hill in Washington, Thursday, March 7, 2019. (AP Photo/J. Scott Applewhite)
March 07, 2019 - 2:30 pm
WASHINGTON (AP) — The government's consumer watchdog agency came under new scrutiny from the House Financial Services Committee, now controlled by Democrats who say the appointees chosen by President Donald Trump to lead the organization have undermined its mission to protect Americans. A fresh...
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