Banking and credit regulation

State Sen. Bob Hertzberg, D-Van Nuys, urges lawmakers to approve his measure to create a state-backed bank to handle the billions of dollars from the newly legal recreational marijuana market, Wednesday, May 30, 2018, in Sacramento, Calif. By a bipartisan 29-6 vote the Senate approved the measure and sent it to the Assembly. (AP Photo/Rich Pedroncelli)
May 30, 2018 - 8:48 pm
SACRAMENTO, Calif. (AP) — California lawmakers moved Wednesday to create a state-backed bank to handle the billions of dollars flowing from the newly legal recreational marijuana market. The world's largest legal recreational marijuana economy, created under a law that took effect this year, is...
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FILE- In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell looks to his notes as he speaks during a news conference following the Federal Open Market Committee meeting in Washington. As the government drives to loosen restraints on banks, the Federal Reserve is set to ease a rule aimed at defusing the kind of risk-taking on Wall Street that helped trigger the 2008 financial meltdown. (AP Photo/Carolyn Kaster, File)
May 30, 2018 - 7:49 pm
WASHINGTON (AP) — The largest U.S. banks would have leeway to take riskier trading bets for their own profit under proposed changes the Federal Reserve unveiled Wednesday. The changes would loosen rules that since the 2008 financial meltdown have barred big banks from using depositors' money to...
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FILE- In this April 6, 2018, file photo, Federal Reserve Chairman Jerome Powell listens as he tours mHUB during a visit to Chicago. Powell said the Fed’s independence from political pressure plays a key role in enabling the central bank to fight inflation, stabilize the economy, and regulate the financial system. His remarks Friday, May 25 come after Kevin Warsh, a former Fed official who President Donald Trump interviewed for the chairman post, said in an interview with Politico that Trump did not appear to view the Fed as an independent body. (AP Photo/Charles Rex Arbogast, File)
May 25, 2018 - 11:27 am
Federal Reserve Chairman Jerome Powell warned Friday that the Fed's independence from political pressure must be respected if it is to succeed in controlling inflation, maximizing employment and regulating the financial system. His remarks Friday came after Kevin Warsh, a former Fed official who...
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President Donald Trump shows off the "Economic Growth, Regulatory Relief, and Consumer Protection Act," in the Roosevelt Room of the White House, Thursday, May 24, 2018, in Washington. (AP Photo/Evan Vucci)
May 24, 2018 - 4:16 pm
WASHINGTON (AP) — President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he called it "the next step in America's unprecedented economic comeback." The...
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FILE - This March 6, 2018, file photo shows the Capitol in Washington. Several Democrats facing tough re-elections this fall are joining solid Republican backing of an effort to alter some key aspects of the Dodd-Frank law. Congress moved Tuesday, May 22, to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. (AP Photo/J. Scott Applewhite, File)
May 23, 2018 - 8:19 am
WASHINGTON (AP) — President Donald Trump indicated Wednesday that he's eager to sign a bill that would dismantle a chunk of the rules framework for banks, installed to prevent recurrence of the 2008 financial crisis that brought millions of lots jobs and foreclosed homes. The House voted 258-159 on...
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FILE - This March 6, 2018, file photo shows the Capitol in Washington. Several Democrats facing tough re-elections this fall are joining solid Republican backing of an effort to alter some key aspects of the Dodd-Frank law. Congress moved Tuesday, May 22, to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. (AP Photo/J. Scott Applewhite, File)
May 22, 2018 - 7:57 pm
WASHINGTON (AP) — Congress moved Tuesday to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. The House voted 258-159 to approve legislation rolling back the Dodd-Frank law,...
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Treasury Secretary Steve Mnuchin takes his seat before testifying before the Senate Appropriations Financial Services and Government Subcommittee hearing on Capitol Hill in Washington, Tuesday, May 22, 2018. (AP Photo/Pablo Martinez Monsivais)
May 22, 2018 - 5:06 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Tuesday his department's inspector general is looking into whether banking records of President Donald Trump's lawyer Michael Cohen were leaked from an agency database, as well as whether any of the records were improperly blocked from view...
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