Financial industry regulation

July 18, 2018 - 2:33 pm
WASHINGTON (AP) — A panel of federal regulators is proposing lifting the strict government oversight imposed on Zions Bancorp, a big regional bank that received a taxpayer-funded bailout during the 2008 financial crisis. The unanimous decision by the Financial Stability Oversight Council announced...
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Federal Reserve Board Chair Jerome Powell attends a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 18, 2018 - 12:20 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's congressional appearance to deliver the Fed's semi-annual monetary policy report. (all times local) ___ 11:50 a.m. Powell is getting praise from lawmakers for his efforts to avoid economic jargon in explaining what the Federal...
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File - In this March 23, 2017, file photo, health care professionals join hundreds of people marching through downtown Los Angeles protesting President Donald Trump's plan to dismantle the Affordable Care Act. California and 17 other states that sued the Trump administration over its decision to cut off Affordable Care Act subsidies say a workaround has largely succeeded. The assessment came in a court filing late Monday, July 16, 2018, in which the states asked U.S. Judge Vince Chhabria to put their lawsuit on hold. (AP Photo/Reed Saxon, File)
July 17, 2018 - 4:50 pm
SAN FRANCISCO (AP) — A workaround by states to counter Trump administration cuts to Affordable Care Act subsidies has largely succeeded in protecting consumers from higher costs, California and 17 other states said. The assessment came late Monday in a court filing asking U.S. Judge Vince Chhabria...
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Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018. (AP Photo/Jose Luis Magana)
July 17, 2018 - 4:22 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump's get-tough trade policies run the risk of dampening future growth if they...
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In this July 11, 2018 photo, Supreme Court nominee Brett Kavanaugh on Capitol Hill in Washington, during a meeting Wednesday. Some Democrats are warning that Supreme Court nominee Brett Kavanaugh could spell doom for the Affordable Care Act. This is even as some conservatives are portraying him as sympathetic to President Barack Obama’s landmark health care legislation. The heated debate may not matter, though. As long as five past defenders of the ACA remain on the nation’s highest court, the odds tilt in favor of the law being allowed to stand. (AP Photo/Manuel Balce Ceneta)
July 17, 2018 - 1:41 pm
BOSTON (AP) — The heated debate over how Supreme Court nominee Brett Kavanaugh would vote on the Affordable Care Act might not matter. As long as five past defenders of the health care law remain on the nation's highest court, the odds tilt in favor of it being allowed to stand. Some Democrats are...
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Southeastern Conference commissioner Greg Sankey speaks during NCAA college football SEC media days at the College Football Hall of Fame in Atlanta, Monday, July 16, 2018. (AP Photo/John Bazemore)
July 16, 2018 - 6:01 pm
ATLANTA (AP) — Southeastern Conference Commissioner Greg Sankey says the Supreme Court ruling that struck down a federal law barring gambling on sports could cause the league to require schools to issue weekly reports that list the status of injured or ineligible players. Speaking to reporters...
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FILE- In this Nov. 6, 2017, file photo, people walk by a branch office of Bank of America in New York. Bank of America Corp. reports earnings Monday, July 16, 2018. (AP Photo/Mark Lennihan, File)
July 16, 2018 - 12:20 pm
NEW YORK (AP) — Bank of America's second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for...
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July 16, 2018 - 8:00 am
FRANKFURT, Germany (AP) — An international forum on financial regulation say virtual currencies such as bitcoin do not currently pose a threat to global stability but require "vigilant monitoring" as the market is changing rapidly. The Financial Stability Board added Monday that that the highly...
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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 - 1:15 pm
NEW YORK (AP) — JPMorgan Chase's second-quarter profits rose by 18 percent from a year ago, as the nation's largest bank by assets and revenue 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 said Friday...
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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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