Latest Banking and credit regulation News

In this image provided by the U.S. State Department, Michael White holds an American flag as he poses for a photo Thursday, June 4, 2020, with U.S. special envoy for Iran Brian Hook at the Zurich, Switzerland, airport after White’s release from Iran.  White, a Navy veteran who's been detained in Iran for nearly two years has been released and is making his way home, with the first leg on a Swiss government aircraft. (U.S. State Department via AP)

Detained US Navy veteran freed by Iran as part of deal

Jun. 5, 2020 12:33 AM EDT

WASHINGTON (AP) — A U.S. Navy veteran whose family said his only crime was falling in love left Iran on Thursday after nearly two years of detention, winning his freedom as part of a deal that spared an American-Iranian physician from any additional time behind bars. Michael White flew from Tehran to...

In this image provided by the U.S. State Department, Michael White holds an American flag as he poses for a photo Thursday, June 4, 2020, with U.S. special envoy for Iran Brian Hook at the Zurich, Switzerland, airport after White’s release from Iran.  White, a Navy veteran who's been detained in Iran for nearly two years has been released and is making his way home, with the first leg on a Swiss government aircraft. (U.S. State Department via AP)

Detained US Navy veteran freed by Iran as part of deal

Jun. 4, 2020 4:19 PM EDT

WASHINGTON (AP) — A U.S. Navy veteran whose family said his only crime was falling in love left Iran on Thursday after nearly two years of detention, winning his freedom as part of a deal that spared an American-Iranian physician any more time behind American bars. Michael White flew from Tehran to Zurich,...

FILE - In this May 3, 2020, file photo, light shines from inside the U.S. Capitol dome at dusk on Capitol Hill in Washington. (AP Photo/Patrick Semansky)

Senate passes fix for small-business coronavirus relief

Jun. 3, 2020 8:44 PM EDT

WASHINGTON (AP) — The Senate on Wednesday passed legislation to make it easier for businesses struggling during the coronavirus pandemic to take advantage of a payroll subsidy program that's been a central part of Washington's response to the corresponding economic crisis. The Senate passed the bill by...

Mexico finds links to over $1 billlion in cartel money

Jun. 2, 2020 6:23 PM EDT

MEXICO CITY (AP) — Mexican financial regulators said Tuesday they have frozen the bank accounts of 1,939 people and companies believed to be linked to movements of about $1.1 billion in Jalisco drug cartel money. The country’s anti-money laundering agency said it worked with the U.S. Drug...

FILE - In this Dec. 4, 2019, file photo, Fotis Dulos,  charged with murdering his estranged and missing wife, is questioned during testimony in a civil case at Hartford Superior Court in Hartford, Conn.  A dispatcher from the Farmington police said, on Tuesday, Jan. 28, 2020, officers had responded to Dulos' home and he was later transported to the hospital. (Mark Mirko/Hartford Courant via AP, Pool, File)

Fotis Dulos' estate ordered to pay mother-in-law $1.9M

Jun. 1, 2020 4:52 PM EDT

HARTFORD, Conn. (AP) — The estate of Fotis Dulos, the Connecticut man who killed himself in January after being charged in the murder of his estranged wife, and his home construction company must pay $1.9 million to his wife's mother to settle up unpaid loans, a state judge ruled Monday. Dulos and his Fore...

An anti-government protester argues with riot police during a protest against a general amnesty law being proposed in parliament, in Beirut, Lebanon, Thursday, May 28, 2020. (AP Photo/Hussein Malla)

Lebanon removes banking secrecy rules to fight corruption

May. 28, 2020 1:02 PM EDT

BEIRUT (AP) — Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption that has pushed the country to the edge of economic collapse. The move opens the way for investigations into bank accounts of current and former...

New Mexico studies single-payer care amid pandemic

May. 27, 2020 12:05 AM EDT

SANTA FE, N.M. (AP) — Public officials in New Mexico continue to contemplate a possible transition to single-payer health care in the midst of the coronavirus pandemic. Preliminary results of a study commissioned by New Mexico's Democrat-led Legislature in 2019 were released Tuesday that outline the...

Trump administration wraps up overhaul of banking law

May. 20, 2020 2:56 PM EDT

NEW YORK (AP) — The Trump administration is moving forward with its overhaul of the law that protects borrowers from discrimination by banks, despite both banks and community groups saying an major overhaul during a pandemic is poorly timed. The Comptroller of the Currency said it had finalized on...

West Virginia reaps $6.4M in auto loan company settlement

May. 20, 2020 6:45 AM EDT

CHARLESTON, W.Va. (AP) — West Virginia is getting more than $6.4 million under a multi-state settlement with Santander Consumer USA over claims that it violated consumer protection laws with predatory auto loans, officials said Tuesday. The settlement with attorneys general in 33 states and the District...

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)

Mnuchin to face grilling about small-business lending effort

May. 19, 2020 3:01 AM EDT

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 initially...