Financial industry regulation

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)
May 27, 2020 - 2:08 am
Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory’s...
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Sen. Kelly Loeffler, R-Ga., listens during a virtual Senate Committee for Health, Education, Labor, and Pensions hearing, Tuesday, May 12, 2020 on Capitol Hill in Washington. (Win McNamee/Pool via AP)
AP News
May 26, 2020 - 8:23 pm
WASHINGTON (AP) — The Justice Department has closed investigations into stock trading by Sens. Dianne Feinstein of California, Kelly Loeffler of Georgia and Jim Inhofe of Oklahoma, according to people familiar with notifications sent to the senators. The senators came under scrutiny for...
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In this May 19, 2020, photo, Senate Majority Leader Mitch McConnell of Ky., speaks with reporters after meeting with Senate Republicans at their weekly luncheon on Capitol Hill in Washington. Congress is at a crossroads in the Covid-19 crisis. Lawmakers are wrestling over whether to “go big” as House Speaker Nancy Pelosi wants for the next relief bill or hit “pause” as McConnell insists. (AP Photo/Patrick Semansky)
AP News
May 26, 2020 - 3:23 pm
Faced with a collapsed job market, Congress needs to tend to unemployment insurance funds supporting millions thrown out of work, but surging debt means there are limits to the scope of federal aid to help heal the coronavirus -damaged economy, the Senate's top leader said Tuesday. In his first...
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FILE - In this Monday, April 27, 2020. file photo, Volkswagen CEO Herbert Diess wears a face mask as he attends the restart of the production at the VW headquarters plant in Wolfsburg, Germany. Volkswagen is gradually launch the production at important plants after the corona lockdown. (Swen Pfoertner/dpa via AP)
May 20, 2020 - 6:37 am
FRANKFURT, Germany (AP) — Volkswagen said charges of securities-law violations against its CEO and board chairman are to be dropped in return for a 9 million-euro ($10 million) payment, removing a potential distraction for the company's management team as it copes with the virus crisis and oversees...
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FILE - In this March 9, 2020, file photo, Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington. Musk is threatening to pull the company’s factory and headquarters out of California in an escalating spat with local officials over reopening an electric vehicle plant. On Twitter Saturday afternoon, May 9, 2020. Musk also threatened to sue over Health Department coronavirus restrictions that have stopped Tesla from restarting production at its factory in Fremont south of San Francisco. (AP Photo/Susan Walsh, File)
May 19, 2020 - 5:57 pm
DOVER, Del. (AP) — A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to disseminate information regarding the electric vehicle and solar panel manufacturer. Vice Chancellor Joseph...
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Treasury Secretary Steven Mnuchin speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington. (AP Photo/Evan Vucci)
AP News
May 19, 2020 - 3:01 am
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin will likely come under tough questioning from senators Tuesday about a small business lending program included in the government's $2 trillion relief package. Lawmakers from both parties have criticized the Payroll Protection Program, which...
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FILE - In this March 28, 2005 file photo a sign posted outside a water well indicates perchlorate contamination at the site in Rialto, Calif. The Environmental Protection Agency has said since last year it is considering four options for dealing with perchlorate contamination in drinking water, including not adopting any regulation at all. EPA spokeswoman Corry Schiermeyer denied reports that the Trump administration had decided to go with the do-nothing option. She confirmed, however, that the agency expected to send a recommendation to the White House Office of Management and Budget “shortly.” (AP Photo/Ric Francis, File)
May 14, 2020 - 6:34 pm
WASHINGTON (AP) — An Environmental Protection Agency proposal to drop any federal regulation of a water contaminant shown to damage infant brains would translate to lower IQs and other problems for an unknown number of American babies, pediatrician and public health groups say. The EPA has said...
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This April 24, 2020 file photo shows the empty outdoor seating area at the closed Franciscan Crab Restaurant at Fisherman's Wharf in San Francisco. Restaurant owners and executives across the country fear they’ll have to repay thousands of dollars in potentially forgivable loans from the Paycheck Protection Program because rules written by the Small Business Administration are out of sync with the reality these businesses face _ many are still shut down by state and local government orders, and those that have reopened have drastically reduced revenue. (AP Photo/Eric Risberg, file)
May 13, 2020 - 2:14 pm
NEW YORK (AP) — Restaurants owners across the U.S. are worried that a loan from the government’s coronavirus relief program could wind up being a burden instead of a blessing. The Paycheck Protection Program has disbursed more than 4.3 million loans worth more than half a trillion dollars to small...
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FILE - In this March 26, 2020, file photo, tractors groom the racing surface at the Pimlico Race Track in Baltimore, Md. The Preakness will remain at Pimlico Race Course into the foreseeable future, thanks to the passing of a bill to redevelop Maryland's race tracks with $375 million in bonds. (AP Photo/Steve Helber, File)
May 08, 2020 - 11:13 am
BALTIMORE (AP) — The Preakness will remain a fixture at timeworn Pimlico Race Course, which will receive a much-needed facelift following the passing of a bill to redevelop Maryland tracks. Gov. Larry Hogan on Thursday permitted a bill to become law that would enable the Maryland Stadium Authority...
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In this May 3, 2020 photo, the setting sun shines on the Supreme Court building on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
May 06, 2020 - 10:54 pm
WASHINGTON (AP) — The Supreme Court held Day Three of arguments by telephone with the audio available live to audiences around the world. The higher profile case of the two heard by the justices on Wednesday dealt with Trump administration rules that would allow more employers who cite a religious...
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