Latest Financial industry regulation News

Abortion-friendly states prep for more patients if Roe falls

May. 19, 2022 13:47 PM EDT

JACKSON, Miss. (AP) — Leaders of a Tennessee abortion clinic calculated driving distances and studied passenger rail routes as they scanned the map for another place to offer services if the U.S. Supreme Court lets states restrict or eliminate abortion rights. They chose Carbondale...

Fed nominee Michael Barr calls inflation 'far too high'

May. 19, 2022 13:26 PM EDT

WASHINGTON (AP) — President Joe Biden's pick to be the Federal Reserve's top banking regulator pledged Thursday to help reduce high inflation and provide “clear rules” to govern financial innovation. “I strongly believe that inflation is far too high today and I’m...

Editorial Roundup: United States

May. 17, 2022 15:42 PM EDT

Excerpts from recent editorials in the United States and abroad: May 15 The Washington Post says that, with midterms coming up, Democrats must act now to have a big impact on financial regulation President Biden likes to tout his role as “Sheriff...

Rights groups say new Cuba penal code tougher on dissent

May. 16, 2022 17:31 PM EDT

HAVANA (AP) — Cuba's parliament has approved a new penal code that officials say modernizes the country's laws but that human rights groups warn tightens already strict limits on dissent. The law approved Sunday tightly controls unauthorized contacts with foreign organizations and...

NJ looks to expand abortion access

May. 11, 2022 18:18 PM EDT

TRENTON, N.J. (AP) — New Jersey would expand abortion access and require insurance companies to pay for the procedure under legislation proposed by Democratic Gov. Phil Murphy on Wednesday. Murphy vowed state agencies also won't cooperate with other states that might try to...

Senate approves Lisa Cook as first Black woman to Fed post

May. 10, 2022 19:51 PM EDT

WASHINGTON (AP) — The Senate confirmed economist Lisa Cook on Tuesday to serve on the Federal Reserve's board of governors, making her the first Black woman to do so in the institution's 108-year history. Her approval was on a narrow, party-line vote of 51-50, with Vice President...

New Arizona law: insurance must cover cancer biomarker tests

May. 06, 2022 16:01 PM EDT

PHOENIX (AP) — A bill signed into law by Arizona Gov. Doug Ducey on Friday requires health insurers and the state's Medicaid plan to pay for so-called “biomarker tests” that are needed for many modern cancer treatments. The legislation's signing was hailed by the American...

Anti-discriminatory bank law getting update for modern era

May. 05, 2022 16:54 PM EDT

NEW YORK (AP) — The three major U.S. banking regulators said Thursday they a plan to rewrite much of the outdated regulations tied to a decades-old banking law designed to encourage lending to the poor and racial minorities in the areas where banks have branches. The stated aim of...

As diversity rises, US boards still disproportionately white

May. 05, 2022 09:07 AM EDT

NEW YORK (AP) — Amid the push to get U.S. boardrooms to look more like companies’ customers and employees, advocates are finally seeing just how steep the task will be. Boards of directors at publicly traded U.S. companies are much more white and much less diverse than the...

Israel tightens grip on West Bank with planned restrictions

May. 05, 2022 08:34 AM EDT

JERUSALEM (AP) — If, during your travels in the Holy Land, you decide to take the next step with your Palestinian sweetheart, you should notify the Israeli military within 30 days. That's what it says on page 30 of a new 97-page policy released by COGAT, the Israeli military body...