Latest Banking and credit regulation News

Thief steals $145K in cash from marijuana money courier

Jan. 17, 2020 7:01 PM EST

SANTA ANA, Calif. (AP) — A man stole $145,000 in cash from a marijuana money courier's unmarked van at a Southern California gas station after the driver collected the proceeds from several dispensaries, authorities said Friday. Because the U.S. government still outlaws marijuana, even in legal states...

Vaccine foes raise more money than supporters ahead of vote

Jan. 16, 2020 11:50 AM EST

AUGUSTA, Maine (AP) — A group that wants to overturn Maine's law eliminating religious and philosophical exemptions for vaccinations raised more than three times more money than supporters of the law, according to campaign finance reports. Mainers for Health and Parental Rights reported $203,988 in...

Detroit Pistons guard Derrick Rose (25) attempts a layup as New Orleans Pelicans guard Lonzo Ball (2) defends during the first half of an NBA basketball game, Monday, Jan. 13, 2020, in Detroit. (AP Photo/Carlos Osorio)

Pistons' Rose tosses pen, NBA pencils him for $25,000 fine

Jan. 14, 2020 5:16 PM EST

NEW YORK (AP) — Pistons guard Derrick Rose was fined $25,000 by the NBA on Tuesday for tossing a pen across the court during the end of Detroit's loss to New Orleans. With 37 seconds left in overtime and play stopped on Monday night, Rose sat slumped on a courtside table and flung the pen into the stands....

FILE - In this April 12, 2017 photo people gather to protest in Heroes Square in Budapest. Hungary's parliament has approved a law regulating civic groups which receive foreign funding. The bill passed Tuesday, June 13, 2017 by the governing parties led by Prime Minister Viktor Orban compels groups getting more than around US $ 26,200 a year from abroad to register the fact with the courts and say in most of their online and printed publications that they are foreign-funded. (Zoltan Balogh/MTI via AP,file)

Hungary rule on NGOs' financing seen in conflict with EU law

Jan. 14, 2020 2:16 PM EST

BUDAPEST, Hungary (AP) — Restrictions imposed by Hungary on the financing of non-governmental organizations from abroad are incompatible with European Union law, according to an opinion issued Tuesday by the bloc's highest court. In 2017, Hungary adopted legislation forcing NGOs receiving foreign funding...

Maine cannabis needs bank, insurance access, lawmaker says

Jan. 14, 2020 1:00 AM EST

PARIS, Maine (AP) — A Maine legislator is calling on the state's legislative body to push the U.S. Congress to make banking and insurance accessible to legalized cannabis businesses. Republican Rep. John Andrews of Paris said he intends to introduce a resolution to the Maine Legislature on Tuesday calling...

State hires military liaison for professional licenses help

Dec. 29, 2019 9:34 AM EST

The state of Illinois has hired a military liaison to help service members and their families through the process of obtaining professional licenses, officials said. The position was created under a plan signed into law earlier this year by Gov. J.B. Pritzker. The Illinois Department of Financial and...

2020 will bring cannabis vote, law barring salary queries

Dec. 28, 2019 7:43 AM EST

TRENTON, N.J. (AP) — The new year in New Jersey brings not only balloons and toasts. It also brings new laws. A list of measures from New Jersey's Office of Legislative Services shows 18 new laws taking effect in 2020. Among them is a measure barring employers from using salary history to screen potential...

FILE - In this Aug. 27, 2018, file photo downtown Los Angeles buildings and officer workers are reflected in the front windows by a bank. When applying for a personal loan, some lenders may ask you for information that isn’t on your credit report. In some cases, information like where you live, where you went to school and your major are taken into account. (AP Photo/Richard Vogel, File)

You may have to give more personal data to get personal loan

Dec. 26, 2019 9:32 AM EST

Would you feel comfortable disclosing your bank account information on a personal loan application? What about your work history? Your college major? That’s what it could take to borrow money from some loan companies that consider alternative data — which can be anything that isn’t in your...

Federal laws hamper medical marijuana banking options

Dec. 22, 2019 9:00 AM EST

FREDERICK, Md. (AP) — With more than 150 investors contributing a total of $27 million to his company, Phil Goldberg still couldn’t get a loan from a bank. It’s not because the banks didn’t want to provide a loan. It’s because they couldn’t. Goldberg is chief executive...

UK Treasury chief appoints experienced regulator Andrew Bailey to succeed Mark Carney as Bank of England governor

Dec. 20, 2019 3:54 AM EST
UK Treasury chief appoints experienced regulator Andrew Bailey to succeed Mark Carney as Bank of England governor.