Latest Banking and credit regulation News

COVID-19 vaccine exemption passes West Virginia House

Oct. 15, 2021 16:29 PM EDT

CHARLESTON, W.Va. (AP) — A bill to limit West Virginia employers in their ability to require workers to be vaccinated against the coronavirus passed the House of Delegates on Friday. The proposal, which would allow certain medical and religious exemptions to company...

New Mexico explores public financing for cannabis businesses

Oct. 14, 2021 23:15 PM EDT

SANTA FE, N.M. (AP) — Small-scale marijuana businesses in New Mexico would receive access to publicly financed loans of up to $250,000 in an effort to promote social and economic fairness, under a proposal unveiled Thursday. The New Mexico Finance Authority suggested a...

About that 'No Time to Die' ending...

Oct. 11, 2021 16:16 PM EDT

NEW YORK (AP) — This story discusses the ending of “No Time to Die." That such a spoiler warning is even necessary is strange in the world of James Bond. Doesn't he save the world and get away with the girl? Isn't that one of the immutable laws of 007, right up there...

California to allow more canine blood banks, walk-in donors

Oct. 09, 2021 21:37 PM EDT

California on Saturday enacted a law aimed at phasing out one of the nation's large canine blood banks and the practice of keeping dogs in facilities while their blood is drawn. Gov. Gavin Newsom signed a law to let veterinarians run community blood banks where residents...

Fed watchdog to investigate officials' financial trades

Oct. 04, 2021 20:39 PM EDT

WASHINGTON (AP) — An independent investigator will look into whether Federal Reserve officials broke the law with financial trades last year that have come under congressional scrutiny and sharp criticism from outside the central bank. The Federal Reserve’s Office of...

Washington Supreme Court unanimously OKs tax on big banks

Sep. 30, 2021 18:16 PM EDT

SEATTLE (AP) — The Washington Supreme Court on Thursday unanimously upheld a new tax on big banks aimed at providing essential services and improving the state’s regressive tax system. The 1.2% business and occupation surtax — a tax added on top of other taxes —...

A potential Powell renomination for Fed faces some dissent

Sep. 29, 2021 14:42 PM EDT

WASHINGTON (AP) — Resistance to the potential renomination of Federal Reserve Chair Jerome Powell intensified this week, with Sen. Elizabeth Warren becoming the first senator to publicly oppose him and many progressive groups pushing for some alternative leader at the Fed. ...

Far-right cryptocurrency follows ideology across borders

Sep. 28, 2021 04:21 AM EDT

BRUSSELS (AP) — The Daily Stormer website advocates for the purity of the white race, posts hate-filled, conspiratorial screeds against Blacks, Jews and women and has helped inspire at least three racially motivated murders. It has also made its founder, Andrew Anglin, a millionaire. ...

Chinese banks try to calm fears about developer's debts

Sep. 24, 2021 11:46 AM EDT

BEIJING (AP) — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt and say they can cope with a potential default. The announcements came as Evergrande Group...

China's Ant Group to share credit data with central bank

Sep. 23, 2021 09:55 AM EDT

BEIJING (AP) — China’s central bank will soon have access to the private credit information of hundreds of millions of users of Ant Group’s online credit service, in a move signaling more regulatory oversight of the financial technology sector. Huabei, Ant...