Latest Banking and credit regulation News

Evers: Capitol will stay closed, state workers to wear masks

Jul. 8, 2020 5:01 PM EDT

MADISON, Wis. (AP) — The Wisconsin Capitol building will not reopen next week, as had been planned, and state employees will have to wear masks whenever they're working indoors to help slow the spread of the coronavirus, Gov. Tony Evers' administration announced Wednesday. The Capitol building has been...

Maine steps up mask rules, extends state of emergency

Jul. 8, 2020 4:26 PM EDT

PORTLAND, Maine (AP) — Maine's governor announced Wednesday the state is requiring many businesses to enforce mask rules, and extending its state of civil emergency order until at least August. Democratic Gov. Janet Mills issued an executive order requiring large retail stores, restaurants, lodging...

FILE - In this Jan. 17, 2019, file photo Rep. Susie Lee, D-Nev., speaks at a news conference on Capitol Hill in Washington. At least 10 lawmakers and three congressional caucuses have ties to organizations that received federal coronavirus aid, according to government data released this week. A regional casino company led by the husband of Rep. Susie Lee received money. (AP Photo/Andrew Harnik, File)

Data: Congress created virus aid, then reaped the benefits

Jul. 8, 2020 5:52 AM EDT

WASHINGTON (AP) — At least a dozen lawmakers have ties to organizations that received federal coronavirus aid, according to newly released government data, highlighting how Washington insiders were both author and beneficiary of one of the biggest government programs in U.S. history. Under pressure from...

FILE - In this Jan. 17, 2019, file photo Rep. Susie Lee, D-Nev., speaks at a news conference on Capitol Hill in Washington. At least 10 lawmakers and three congressional caucuses have ties to organizations that received federal coronavirus aid, according to government data released this week. A regional casino company led by the husband of Rep. Susie Lee received money. (AP Photo/Andrew Harnik, File)

Data: Congress created virus aid, then reaped the benefits

Jul. 7, 2020 9:23 PM EDT

WASHINGTON (AP) — At least a dozen lawmakers have ties to organizations that received federal coronavirus aid, according to newly released government data, highlighting how Washington insiders were both author and beneficiary of one of the biggest government programs in U.S. history. Under pressure from...

FILE - In this Oct. 7, 2010, file photo, hot air balloons prepare to lift off as part of a mass ascension during the Albuquerque International Balloon Fiesta in Albuquerque, N.M. There will be no hot air balloons lifting off this fall as part of an international fiesta that draws hundreds of thousands of spectators and ballooning teams from around the world to the heart of New Mexico. This would have marked the 49th year for the event, a colorful spectacle that is responsible for infusing millions of dollars into the economy. (AP Photo/Susan Montoya Bryan, File)

New Mexico offers $400 million in small-business loans

Jul. 7, 2020 6:03 PM EDT

SANTA FE, N.M. (AP) — New Mexico will offer small businesses up to $400 million in low-interest loans to help them withstand economic turmoil linked to the coronavirus pandemic under a bill signed Tuesday by Gov. Michelle Lujan Grisham. The legislation also makes a smaller pool of loans available to local...

A P.F. Chang China Bistro restaurant is seen in Omaha, Neb., Tuesday, July 7, 2020. The restaurant is among big corporate names on the government’s list of 650,000 recipients of coronavirus relief loans despite the controversy that prompted other high-profile businesses to return billions of dollars in loans. P.F. Chang’s China Bistro said its loan of between $5 million and $10 million helped keep 12,000 workers employed as it transitioned its over 210 restaurants to take-out.  (AP Photo/Nati Harnik)

Small business program scrutinized for loans to big firms

Jul. 7, 2020 4:13 PM EDT

NEW YORK (AP) — Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise head to the unemployment line. Yet that's not exactly how it worked out. Among the 650,000...

FILE - Utah Speaker of the House Brad Wilson speaks on the floor of the Utah House of Representatives, on Jan. 28, 2020, in Salt Lake City. Companies owned by three Republican Utah legislators have received up to $2.7 million as part of the $600 billion-plus federal rescue package meant to keep small businesses afloat during the coronavirus pandemic, according to Treasury Department data. The data released Monday, July 6, 2020, shows companies owned by House Speaker Wilson, Sen. Jerry Stevenson and Rep. Mike Schultz received loans. There is no evidence that these lawmakers or their businesses received special treatment. (AP Photo/Rick Bowmer, File)

Companies owned by Utah lawmakers receive loans, data shows

Jul. 7, 2020 3:32 PM EDT

SALT LAKE CITY (AP) — Companies owned by three Republican Utah legislators have received up to $2.7 million as part of the $600 billion-plus federal rescue package meant to keep small businesses afloat during the coronavirus pandemic, according to Treasury Department data. The data released Monday shows...

An Israeli flag flies over a Jewish owned house in a Palestinian neighborhood of Silwan in east Jerusalem, Wednesday, July 1, 2020. Israeli leaders paint Jerusalem as a model of coexistence, the

Jerusalem offers a grim model for a post-annexation future

Jul. 7, 2020 10:49 AM EDT

JERUSALEM (AP) — It's hard to say what exactly will change in the West Bank if Israel follows through on its plans to annex parts of the occupied territory, but east Jerusalem, which was annexed more than a half-century ago, may provide some answers. Israeli leaders paint Jerusalem as a model of...

Firms tied to legislative leader, Senate candidate got loans

Jul. 6, 2020 11:46 PM EDT

LANSING, Mich. (AP) — A company owned by a Michigan legislative leader and one run by a U.S. Senate candidate each received between $1 million and $2 million from a federal rescue program that was created to preserve jobs during the coronavirus pandemic. Jackson-based Orbitform, which was founded by...

Some legislative leaders benefited from pandemic loans

Jul. 6, 2020 9:18 PM EDT

PORTLAND, Maine (AP) — A federal program criticized by Democratic House Speaker Sara Gideon for helping special interests provided a forgivable loan of between $1 million and $2 million to the law firm where her husband works, according to data released by the Small Business Administration on Monday. Other...