Latest Banking and credit regulation News

Security officials wear face masks as they march in formation near Tiananmen Gate adjacent to Tiananmen Square in Beijing, Monday, Jan. 27, 2020. China on Monday expanded sweeping efforts to contain a viral disease by postponing the end of this week's Lunar New Year holiday to keep the public at home and avoid spreading infection as the death toll rose to 80. (AP Photo/Mark Schiefelbein)

Mongolia closes border, China extends holiday to fight virus

Jan. 27, 2020 6:11 PM EST

BEIJING (AP) — China expanded its sweeping efforts on Monday to contain a dangerous new virus, extending the Lunar New Year holiday to keep the public at home and avoid spreading infection as the death toll rose to 81. Mongolia closed its vast border with China, and Hong Kong and Malaysia announced they...

FILE - In this Sept. 20, 2016, file photo, Wells Fargo CEO John Stumpf testifies on Capitol Hill in Washington, before the Senate Banking Committee. Federal regulators have slapped former Wells Fargo Chief Executive Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal. (AP Photo/Susan Walsh, File)

Former Wells Fargo CEO fined $17.5M for sales scandal

Jan. 23, 2020 2:59 PM EST

NEW YORK (AP) — Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal. Stumpf also accepted a lifetime ban from the banking industry. Along with its fine against Stumpf, the Office of the Comptroller of...

Thailand's Future Forward Party leader Thanathorn Juangroongruangkit gestures to supporters at the party's headquarters in Bangkok, Thailand, Tuesday, Jan. 21, 2020. Thailand's Constitutional Court acquitted the country's third-biggest political party of seeking the overthrow of the country's constitutional monarchy. The court ruled Tuesday that the Future Forward Party showed no intention of committing the offense, and that the complaint had not been filed according to the correct legal procedure. (AP Photo/Sakchai Lalit)

Thai court acquits opposition party of sedition charge

Jan. 21, 2020 5:45 AM EST

BANGKOK (AP) — Thailand's Constitutional Court on Tuesday acquitted the country's third-largest political party of seeking to overthrow the constitutional monarchy in another legal case highlighting political divisions in the Southeast Asian nation. The court ruled that the Future Forward Party showed no...

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...

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...

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...

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.
Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)

Bank of England audio feed 'misused' by hedge funds

Dec. 19, 2019 8:46 AM EST

LONDON (AP) — British authorities began investigating Thursday how some hedge funds got access to market-sensitive news conferences of the Bank of England five to eight seconds ahead of others - enough to give them a huge edge in the fast-moving world of financial markets. Following a report in The Times...

Longtime nationalist Israeli lawmaker Geula Cohen dies at 93

Dec. 19, 2019 3:51 AM EST

JERUSALEM (AP) — Geula Cohen, a longtime nationalist Israeli lawmaker who came to symbolize its West Bank settlement enterprise, has died. She was 93. Her son, Cabinet Minister Tzahi Hanegbi, eulogized her on Thursday as a “freedom fighter without a uniform.” Cohen, a pre-state underground...