Latest Financial industry regulation News

In this Jan. 15, 2020, photo, President Donald Trump hands a pen to Chinese Vice Premier Liu He after signing

AP FACT CHECK: Trump's compulsive claims of 'biggest' ever

Jan. 18, 2020 8:11 AM EST

WASHINGTON (AP) — Size matters to President Donald Trump. So much that he exaggerates continually, sometimes spectacularly, the size of what he does. Just as his tax cuts are far from the biggest in history, the economy isn't the best ever and his election victory in 2016 was no landslide of historic...

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...

State says plant cleanup money coming, but some skeptical

Jan. 15, 2020 2:45 PM EST

BILLINGS, Mont. (AP) — Montana regulators said they expect to have about $400 million in bonds in place by July to pay for future cleanup work at the Colstrip power plant. But the statement by the Montana Department of Environmental Quality was met with skepticism from state lawmakers who said they...

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...

In this Oct. 1, 2019, file photo, former U.S. Rep. Chris Collins leaves federal court in New York. Prosecutors recommended Monday, Jan. 13, 2020, that Collins receive nearly five years for insider trading. U.S. District Judge Vernon Broderick is scheduled to sentence Collins on Friday. (AP Photo/Frank Franklin II, File)

Prosecutors seek nearly 5 years in prison for ex-Congressman

Jan. 13, 2020 9:42 PM EST

NEW YORK (AP) — A former congressman should serve nearly five years in prison for insider trading, especially after coming to represent “the cynical idea that those in power who make the laws are not required to follow them,” prosecutors said Monday. Christopher Collins, 69, is scheduled to...

President Donald Trump smiles while speaking at a campaign rally, Thursday, Jan. 9, 2020, in Toledo, Ohio. (AP Photo/ Jacquelyn Martin)

AP FACT CHECK: No, Trump didn't save preexisting conditions

Jan. 13, 2020 7:13 PM EST

WASHINGTON (AP) — President Donald Trump made a striking claim Monday, insisting it was he who ensured that people with preexisting medical problems will always be covered by health insurance. He wasn't. He also complained anew that Democrats didn't allow him to send lawyers to the impeachment inquiry. The...

This screen grab from the website HealthCare.gov shows the extended deadline for signing up for health care coverage for 2020. The Trump administration says people will get more time to sign up for “Obamacare” health insurance following a spate of computer glitches over the weekend. The Centers for Medicare and Medicaid Services says the new HealthCare.gov deadline is 3 a.m. Eastern time on Wednesday, Dec. 18. (Centers for Medicare and Medicaid Services via AP)

'Obamacare' mandate: hot for lawyers, ho-hum to consumers

Jan. 8, 2020 5:48 PM EST

WASHINGTON (AP) — The repeal of an unpopular fine for people without health insurance has had little impact on “Obamacare” sign-ups or premiums, a gap between the real world and legal arguments from conservatives again challenging the Affordable Care Act. The 10-year-old law has proved more...

FILE- In this Dec. 13, 2019, file photo, Democratic presidential candidate Sen. Bernie Sanders, I-Vt., speaks at a campaign event in Manchester, N.H. (AP Photo/Elise Amendola)

Fears of Sanders win growing among Democratic establishment

Jan. 8, 2020 10:48 AM EST

DES MOINES, Iowa (AP) — Increasingly alarmed that Bernie Sanders could become their party's presidential nominee, establishment-minded Democrats are warning primary voters that the self-described democratic socialist would struggle to defeat President Donald Trump and hurt the party's chances in premier...

Lawyers: 'Humbled' ex-US Rep. Collins deserves no prison

Jan. 7, 2020 9:39 PM EST

NEW YORK (AP) — An ex-U.S. congressman is humbled and remorseful after pleading guilty to conspiracy in an insider trading scheme and should face no time behind bars, his lawyers argued in court papers Tuesday. The presentence submission on behalf of 69-year-old Christopher Collins was filed in Manhattan...