Banking and credit regulation

FILE- This Jan. 11, 2016, file photo shows a Chase bank branch in New York. JPMorgan Chase & Co. reports earnings Friday, July 13, 2018. (AP Photo/Mark Lennihan, File)
July 13, 2018 - 7:42 am
NEW YORK (AP) — JPMorgan Chase's second-quarter profits rose by 18 percent from a year ago, as the nation's largest bank continues to benefit from higher interest rates and a lower tax bill following last year's passage of President Donald Trump's tax law. JPMorgan earned $8.32 billion in the first...
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July 12, 2018 - 6:29 pm
NEW YORK (AP) — The nation's consumer watchdog agency is accusing the Education Department of impeding a lawsuit that could potentially bring financial relief to millions of student loan borrowers. The Consumer Financial Protection Bureau is suing Navient Solutions, alleging one of the nation's...
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July 11, 2018 - 1:29 pm
LONDON (AP) — The Irish Senate has voted in favor of a bill seeking to ban the import of West Bank settlement products — a measure that still must pass several hurdles before becoming law. The bill aims to make it an offence to import or sell goods or services from Israeli settlements. If passed,...
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FILE -- In this Aug. 17, 2017 file photo Solar Tech Joshua Valdez, left, and Senior Plant ManagerTim Wisdom walk past solar panels and at a Pacific Gas and Electric Solar Plant, in Vacaville, Calif. When California lawmakers return from their summer recess in August 2018, among the high-profile bills to consider is whether to bump up renewal energy mandates and setting a goal of getting all of California's energy from carbon-free sources by 2045. (AP Photo/Rich Pedroncelli, file)
July 07, 2018 - 1:44 pm
SACRAMENTO, Calif. (AP) — California lawmakers left for summer recess with most of the year's major bills still on their to-do list. So far in 2018, they have passed first-in-the-nation data privacy regulations and a ban on new local soda taxes. But when they return in August, they'll have less...
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In this April 25, 2018, photo, Gary Ramey, owner and founder of Honor Defense, a gunmaker in Gainesville, Ga., holds a part from one of the company's firearms. Ramey and others in the gun industry are finding corporate America distancing itself from gunmakers and gun dealers, discontinuing discounts or refusing business. (AP Photo/Lisa Marie Pane)
June 24, 2018 - 6:54 pm
GAINESVILLE, Ga. (AP) — With Gary Ramey's fledgling gun-making business taking off in retail stores, he decided to start offering one of his handguns for sale on his website. That didn't sit well with the company he used to process payments, and they informed him they were dropping his account...
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FILE- In this June 14, 2018, file photo, Federal Reserve Board Chairman Jerome Powell, left, and Vice Chair Randal Quarles listen during an open meeting in Washington. The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. (AP Photo/Cliff Owen, File)
June 21, 2018 - 6:08 pm
WASHINGTON (AP) — The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. Banks' hypothetical losses from credit cards increased in the latest "stress tests," however. The first round of the central bank's annual stress...
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June 15, 2018 - 3:53 am
BEIJING (AP) — China's former chief insurance regulator has pleaded guilty to taking bribes over 12 years in exchange for helping people obtain loans, promotions and other favors, a state news agency reported. Xiang Junbo was the highest-ranking figure in Chinese finance to be ensnared in an anti-...
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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. A proposal in Congress to ease the federal ban on marijuana could encourage more banks to do business with cannabis companies, but it appears to fall short of a cure-all for an industry that must operate mainly as a cash business in a credit card world. (AP Photo/Jae C. Hong, File)
June 14, 2018 - 4:11 pm
LOS ANGELES (AP) — A proposal in Congress to ease the U.S. ban on marijuana could encourage more banks to do business with cannabis companies, but it appears to fall short of a cure-all for an industry that must operate mainly as a cash business in a credit card world. Marijuana is legal in some...
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June 12, 2018 - 11:54 am
WASHINGTON (AP) — The Senate Banking Committee on Tuesday approved President Donald Trump's nomination of Columbia University professor Richard Clarida to be the vice chairman of the Federal Reserve. The panel also approved the nomination of Kansas bank commissioner Michelle Bowman to fill another...
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June 04, 2018 - 3:59 pm
WASHINGTON (AP) — A unit of one of France's largest banks, Societe Generale, is pleading guilty in the U.S. and the bank is paying a $585 million fine for bribing Libyan officials to win government investments. The bank also is paying $750 million to settle U.S. charges of manipulating a key global...
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