Latest Financial industry regulation News

Tom Alexander holds a cross as he prays prior to rulings outside the Supreme Court on Capitol Hill in Washington, Wednesday, July 8, 2020.  The Supreme Court is siding with two Catholic schools in a ruling that underscores that certain employees of religious schools, hospitals and social service centers can’t sue for employment discrimination.(AP Photo/Patrick Semansky)

Court: Some employers can refuse to offer free birth control

Jul. 8, 2020 11:28 PM EDT

WASHINGTON (AP) — The Supreme Court ruled broadly Wednesday in favor of the religious rights of employers in two cases that could leave more than 70,000 women without free contraception and tens of thousands of people with no way to sue for job discrimination. In both cases the court ruled 7-2, with two...

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...

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...

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...

File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany.  (Sven Hoppe/picture-alliance/dpa via AP, file)

Second executive arrested in Wirecard scandal in Germany

Jul. 6, 2020 10:37 AM EDT

FRANKFURT, Germany (AP) — Another executive with bankrupt payment company Wirecard has been arrested in Germany on suspicion of aggravated fraud, prosecutors said Monday. The suspect, the head of a company subsidiary in Dubai, had returned to Germany to face proceedings. The arrest comes after former CEO...

University of Mississippi Vice Chancellor for Intercollegiate Athletics Keith Carter, left, talks with Southeastern Conference Commissioner Greg Sankey, right, before they testify at a Senate Commerce Committee hearing on Capitol Hill in Washington, Wednesday, July 1, 2020. The hearing is looking at the National Collegiate Athletic Association Board of Governors' recent report on student-athlete compensation and the modernization of rules related to name, image, and likeness (NIL) commercialization. (AP Photo/Susan Walsh)

SEC's Sankey: Federal NIL law needed for fair competition

Jul. 1, 2020 4:45 PM EDT

Southeastern Conference Commissioner Greg Sankey told a U.S. Senate committee Wednesday there needs to be a uniform federal law to regulate the compensation of college athletes instead of a series of state versions with differing requirements. Sankey was part of a panel discussing the potential impact of...

FILE - In this Oct. 24, 2019, file photo, supporters of Yes on 802 Oklahomans Decide Healthcare, calling for Medicaid expansion to be put on the ballot, carry boxes of petitions into the office of the Oklahoma Secretary of State in Oklahoma City. Oklahoma voters will decide Tuesday, June 30, 2020, whether to expand Medicaid to tens of thousands of low-income residents and become the first state to amend their Constitution to do so. (AP Photo/Sue Ogrocki, File)

Oklahoma voters narrowly approve Medicaid expansion

Jul. 1, 2020 1:00 AM EDT

OKLAHOMA CITY (AP) — Oklahoma voters narrowly decided on Tuesday to expand Medicaid health insurance to tens of thousands low-income residents, becoming the first state to amend its Constitution to do so. With 100% of precincts reporting unofficial results, State Question 802 passed by less than 1...

Appeals court panel weighs Wilmington Trust convictions

Jun. 30, 2020 6:41 PM EDT

DOVER, Del. (AP) — Attorneys representing former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program have asked a federal appeals court panel to overturn their convictions. Defense attorneys argued Tuesday that prosecutors had failed to...

House Speaker Nancy Pelosi of Calif., speaks at a news conference on Capitol Hill in Washington, Friday, June 26, 2020. (AP Photo/Carolyn Kaster)

Dems push campaign-season health care bill through House

Jun. 29, 2020 5:56 PM EDT

WASHINGTON (AP) — Democrats pushed a package expanding “Obamacare” coverage through the House on Monday, a measure that's doomed to advance no further but spotlights how the coronavirus pandemic and President Donald Trump's efforts to obliterate that law have fortified health care's potency...