Latest Financial industry 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...

Ex-broker charged with fraud blames sloppy paperwork

Jan. 27, 2020 4:23 PM EST

SCRANTON, Pa. (AP) — A former Pennsylvania financial planner who was ordered to pay millions of dollars in damages to customers he allegedly tricked into high-risk investments took the stand at his criminal fraud trial Monday and blamed some of his woes on sloppy paperwork. Anthony Diaz, who was kicked out...

Capitol Watch: Budget hearings to start amid Medicaid woes

Jan. 26, 2020 11:08 AM EST

ALBANY, N.Y. (AP) — Public negotiations over New York's budget are set to begin amid worries about another round of Medicaid cuts. Heads of state agencies, lobbyists and members of the public will start to offer input on the governor’s proposed budget Monday, kicking off three weeks of budget...

Abortions in Illinois increased about 7% in 1 year

Jan. 26, 2020 9:39 AM EST

CHICAGO (AP) — Abortions in Illinois increased about 7% from 2017 to 2018, mostly from residents of the state who were seeking the procedure, according to the health department. The Illinois Department of Public Health recently released figures for 2018, the Chicago Tribune reported. The annual Illinois...

FILE - In this June 30, 1994, file photo, Rep. Fortney

Pete Stark, congressman who reshaped health care, dies at 88

Jan. 25, 2020 6:22 PM EST

SAN FRANCISCO (AP) — Former California Rep. Fortney “Pete” Stark Jr., an influential Democrat whose legislative work helped reshape America's health care system, has died. He was 88. Stark's family said he died Friday at his home in Maryland. They did not disclose a cause of death. During his...

President Donald Trump boards Air Force One for a trip to Miami to attend the Republican National Committee winter meetings, Thursday, Jan. 23, 2020, in Andrews Air Force Base, Md. (AP Photo/ Evan Vucci)

California defies threat of fund loss over abortion coverage

Jan. 24, 2020 6:41 PM EST

SACRAMENTO, Calif. (AP) — California’s Democratic leaders were defiant Friday after the Trump administration threatened to cut federal health care funding to the nation’s most populous state over its requirement that insurance plans cover abortions. The administration's announcement came...

Illinois law caps insulin patient costs at $100 monthly

Jan. 24, 2020 1:50 PM EST

SPRINGFIELD, Ill. (AP) — Gov. J.B. Pritzker signed a law Friday capping monthly insulin costs at $100 for people covered by state-regulated commercial health insurance plans. The Democrat OK'd the legislation which the General Assembly overwhelmingly approved in November after people with diabetes...

Lawmakers question teacher raise as state cuts other budgets

Jan. 23, 2020 6:49 PM EST

ATLANTA (AP) — Lawmakers who write Georgia's budget are questioning Gov. Brian Kemp's decision to grant teacher pay raises while cutting other spending. Both Senate Appropriations Committee Chairman Jack Hill and House Appropriations Committee Chairman Terry England said Thursday that more than $200...

DNA privacy proposal heads to Florida House

Jan. 23, 2020 3:59 PM EST

TALLAHASSEE, Fla. (AP) — Legislation in Florida to bar insurance companies from using home genetic testing kits in making underwriting decisions is headed to the House floor, after a panel on Thursday voted unanimously in favor of the proposal. The bill's sponsor, Rep. Chris Sprowls, who is next in line to...

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...