Financial industry regulation

December 12, 2017 - 7:14 pm
WINDOW ROCK, Ariz. (AP) — The Navajo Nation announced Tuesday that it's suing Wells Fargo for allegedly engaging in predatory and unlawful banking practices that targeted and harmed tribal members. In a statement, Navajo Nation President Russell Begaye said the tribe's lawyer has been directed to...
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This Friday, Dec. 8, 2017, photo shows the Chicago Board Options Exchange website announcing that bitcoin futures will start trading on the CBOE on Sunday evening, Dec. 10. Bitcoin futures will start trading a week later on the Chicago Mercantile Exchange. (AP Photo/Kiichiro Sato)
December 11, 2017 - 4:52 pm
NEW YORK (AP) — Wall Street got its first taste of bitcoin on Monday, with the price of the first-ever futures contract for the digital currency jumping 20 percent. It's a step forward for the bitcoin, which has soared this year despite concerns that the surge of investor interest has transformed...
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In this Sept. 26, 2016, photo, a Tibetan bitcoin miner poses with his shelves of bitcoin mining computers at a bitcoin mine built beside a hydropower station in a remote valley of Aba prefecture in southwestern China's Sichuan province. The launch of a U.S. futures contract for bitcoin on Sunday, Dec. 10, 2017, underscores the virtual currency's increasing mainstream acceptance, including in many parts of Asia, where it already has a wide following among speculators and investors .(Chinatopix via AP)
December 11, 2017 - 3:14 am
HONG KONG (AP) — The weekend launch of a U.S. futures contract for bitcoin reflects widespread acceptance of the virtual currency, especially among investors in Asia, though regulators are wary. Japan and South Korea are among the world's top five markets for bitcoin trading, according to sites...
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In this Sunday, Dec. 3, 2017, photo, Stephanie and Lance Schmidt pose for a photo with their children, from left, Stella, Solomon and Theo, at their home in Oklahoma City. The Schmidt's have opted for a cost-sharing ministry this year after they realized their monthly insurance bill would have more than doubled to over $1,200 and stuck them with an $8,000 deductible for their family of five. (AP Photo/Sue Ogrocki)
December 10, 2017 - 9:10 am
Margaret Leatherwood has eight choices for health insurance next year but no good options. The cheapest individual coverage available in her market would eat up nearly a quarter of the income her husband brings home from the oilfields. The Bryson, Texas, couple makes too much to qualify for...
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December 07, 2017 - 11:27 pm
SEOUL, South Korea (AP) — South Korean is studying ways to regulate speculative trading in crypto currencies as the latest surge in prices stokes a craze over bitcoins. South Korea's financial regulator said Friday that it ruled out using bitcoin for derivative products. The decision effectively...
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FILE - In this Monday, April 7, 2014, file photo, a bitcoin logo is displayed at the Inside Bitcoins conference and trade show in New York. The bitcoin miner NiceHash says it is investigating a security breach and the theft of the contents of the NiceHash "bitcoin wallet." The company said Thursday, Dec. 7, 2017 in a statement posted on its website that it had stopped operations and was working to verify how many bitcoins were taken. (AP Photo/Mark Lennihan, File)
December 07, 2017 - 2:29 pm
NEW YORK (AP) — The price of bitcoin swung wildly Thursday, rising to more than $19,000 only to fall sharply within minutes, as both the euphoria and anxiety surrounding the virtual currency escalated just days before it starts trading on a major U.S. exchange. At 3:25 p.m. EST, bitcoin was valued...
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FILE - In this Thursday, April 27, 2017 file photo, the President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany. A key global forum of banking regulators has completed a new set of rules aimed at keeping bad banks from needing taxpayer bailouts and hurting the economy, it was reported on Thursday, Dec. 7, 2017. Under the latest rules, banks must keep at least 7X percent of the capital buffers under their own internal risk calculations, compared to a stricter measure used by regulators.(AP Photo/Michael Probst, File)
December 07, 2017 - 11:28 am
FRANKFURT, Germany (AP) — A global forum of banking regulators has finished its yearslong work on rules that aim to keep weak banks from needing taxpayer bailouts and setting off financial crises like the one that led to the Great Recession. The oversight board of the Basel Committee on Banking...
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Heather Gooze, Las Vegas shooting witness, cries as she testifies during a Senate Judiciary Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 6, 2017, entitled: "Firearm Accessory Regulation and Enforcing Federal and State Reporting to the National Instant Criminal Background Check System (NICS)." (AP Photo/Carolyn Kaster)
December 06, 2017 - 5:24 pm
WASHINGTON (AP) — Republicans rammed a bill through the House on Wednesday that would make it easier for gun owners to legally carry concealed weapons across state lines, the first significant action on guns in Congress since mass shootings in Nevada and Texas killed more than 80 people. The House...
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In this Tuesday, Nov. 28, 2017, photo, Jerome Powell, President Donald Trump's nominee for chairman of the Federal Reserve, testifies during his confirmation hearing before the Senate Banking, Housing, and Urban Affairs Committee on Capitol Hill in Washington. On Tuesday, Dec. 5, 2017, the Senate Banking Committee approved Powell to be the next chairman of the Federal Reserve. (AP Photo/Carolyn Kaster)
December 05, 2017 - 10:31 am
WASHINGTON (AP) — The Senate Banking Committee on Tuesday approved President Donald Trump's selection of Jerome Powell to be the next chairman of the Federal Reserve. The committee vote was 22-1 with all Republicans and every Democrat except Sen. Elizabeth Warren, D-Mass., supporting the nomination...
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In this Dec. 4, 2017, photo, part of the Republican Senate bill "Tax Cuts and Jobs Act" is photographed in Washington. Republican tax legislation advancing toward final votes in Congress could undermine “Obamacare” health insurance markets, and add to the financial squeeze on Medicare over time. This week lawmakers will try to resolve differences between House and Senate versions in hopes of finishing around Christmas. Also in play are the tax deduction for people with high medical expenses, and a tax credit for drug makers that develop treatments for diseases affecting relatively few patients. (AP Photo/Jon Elswick)
December 05, 2017 - 3:47 am
WASHINGTON (AP) — The tax overhaul Republicans are pushing toward final votes in Congress could undermine the Affordable Care Act's health insurance markets and add to the financial squeeze on Medicare over time. Lawmakers will meet this week to resolve differences between the House- and Senate-...
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