Latest Industry regulation News

Legislative leaders among thousands who benefited from loans

Jul. 6, 2020 3:51 PM EDT

PORTLAND, Maine (AP) — A federal program criticized by Democratic House Speaker Sara Gideon for helping special interests provided a forgivable loan of between $1 million and $2 million to her husband's law firm, according to data released by the Small Business Administration on Monday. Other legislative...

Company owned by legislative leader got government loan

Jul. 6, 2020 3:07 PM EDT

LANSING, Mich. (AP) — A company owned by a Michigan legislative leader received between $1 million and $2 million from a federal rescue program that was created to preserve jobs during the coronavirus pandemic. Jackson-based Orbitform, which was founded by Senate Majority Leader Mike Shirkey, is among...

Bill altering N.C. transportation board becomes law

Jul. 6, 2020 11:49 AM EDT

RALEIGH, N.C. (AP) — A bill that gives North Carolina legislative leaders more involvement in overseeing the Department of Transportation has become law without Gov. Roy Cooper's signature. The Democratic governor had until Sunday night to act on the measure, but Cooper announced earlier in the day he...

The U.S. Supreme Court is seen Tuesday, June 30, 2020 in Washington. (AP Photo/Manuel Balce Ceneta)

Supreme Court upholds cellphone robocall ban

Jul. 6, 2020 11:33 AM EDT

WASHINGTON (AP) — The Supreme Court on Monday upheld a 1991 law that bars robocalls to cellphones. The case, argued by telephone in May because of the coronavirus pandemic, only arose after Congress in 2015 created an exception in the law that allowed the automated calls for collection of government debt. ...

File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany.  (Sven Hoppe/picture-alliance/dpa via AP, file)

Second executive arrested in Wirecard scandal in Germany

Jul. 6, 2020 10:37 AM EDT

FRANKFURT, Germany (AP) — Another executive with bankrupt payment company Wirecard has been arrested in Germany on suspicion of aggravated fraud, prosecutors said Monday. The suspect, the head of a company subsidiary in Dubai, had returned to Germany to face proceedings. The arrest comes after former CEO...

FILE - This Feb. 25, 2020, photo shows the icon for TikTok taken in New York. India is banning 59 apps with Chinese links, saying their activities endanger the country’s sovereignty, defense and security. India’s decision comes as its troops are in a tense standoff with Chinese soldiers in eastern Ladakh in the Himalayas that started last month. India lost 20 soldiers in a June 15 clash. The government says the banned apps include TikTok, UC Browser, WeChat and Bigo Live, as well as the e-commerce platforms Club Factory and Shein, that are used in mobile and non-mobile devices connected to the Internet.(AP Photo, File)

India bans TikTok, other Chinese apps amid border standoff

Jul. 6, 2020 4:34 AM EDT

NEW DELHI (AP) — Indian TikTok users awoke Tuesday to a notice from the popular short-video app saying the company was working to comply with an India government ban on dozens of Chinese apps amid a military standoff between the two countries. While service in India was suspended, the ban was largely...

Shareholder fined $1K over comments about Alaska regulator

Jul. 4, 2020 8:48 PM EDT

JUNEAU, Alaska (AP) — Financial regulators have fined a shareholder of an urban Alaska Native company $1,000 over comments made on social media about inaction by the state agency responsible for financial oversight. Goldbelt Inc. shareholder Ray Austin complained to the Alaska Division of Banking &...

Virginia officials order US flag removed from building site

Jul. 4, 2020 3:13 PM EDT

RICHMOND, Va. (AP) — State officials in Virginia ordered the removal of a large American flag from a construction site ahead of the Fourth of July, calling it a potential target for people protesting racial injustice and police brutality. Dena Potter, spokeswoman for the state Department of General...

Bill includes Kuster provisions to help fund commuter rail

Jul. 4, 2020 10:02 AM EDT

CONCORD, N.H. (AP) — A bill recently passed by the U.S. House includes provisions from New Hampshire Rep. Annie Kuster that would help fund commuter rail in the state. The Invest in American Railroads Act includes funding to cover credit risk premiums for loans through the Railroad Rehabilitation and...

Two state troopers win national law enforcement award

Jul. 4, 2020 9:01 AM EDT

Two Massachusetts State Police troopers have been recognized by a national law enforcement organization for helping save a man who collapsed inside a gas station. Troopers Andrew Zeller and Michael Lane were named Officers of the Month for May by the National Law Enforcement Memorial and Museum, according to a...