Banking and credit regulation

A man protests holding a banner reading in Spanish "The elder people without their pension" outside a BBVA bank building in Madrid, Spain, Friday, Feb. 15. 2019. Hundreds of Chinese have protested outside a Spanish bank's premises in Madrid, claiming they are being denied access to their accounts while the bank insists it is obeying money-laundering laws. (AP Photo/Andrea Comas)
February 15, 2019 - 7:23 am
MADRID (AP) — Hundreds of Chinese have protested outside a Spanish bank in Madrid, claiming they are being unfairly denied access to their accounts while the bank insists it's merely complying with money-laundering laws. Spanish media report that the protesters are demanding access to their money...
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FILE- In this Oct. 23, 2018, file photo, students walk on the campus of Miami Dade College, in Miami. The nine companies and organizations tasked with servicing the accounts of the nation’s 30 million student loan borrowers repeatedly failed to do their jobs properly over a period of years and their regulator neglected to hold them responsible, a new report finds. The report released Thursday, Feb. 14, 2019, by the Department of Education’s independent Inspector General’s office shows some borrowers weren’t getting the guidance and protection they needed as they sought the best plan for paying off their student loans. (AP Photo/Lynne Sladky)
February 14, 2019 - 11:42 am
NEW YORK (AP) — The nine companies and organizations tasked with servicing the accounts of the nation's 30 million student loan borrowers repeatedly failed to do their jobs properly over a period of years and their regulator neglected to hold them responsible, a new report finds. The report...
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FILE - In this June 27, 2017 file photo, the proprietor of a medical marijuana dispensary prepares his monthly tax payment, over $40,000 in cash, at his Los Angeles store. Congress on Wednesday, Feb. 13, 2019, was urged to fully open the doors of the nation's banking system to the legal marijuana industry, a change that supporters say would reduce the risk of crime and resolve a litany of problems for pot companies from paying taxes to getting a loan. (AP Photo/Jae C. Hong, File)
February 13, 2019 - 6:45 pm
LOS ANGELES (AP) — Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the legal marijuana industry, a change that supporters say would reduce crime risks and resolve a litany of challenges for cannabis companies, from paying taxes to getting...
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Federal Reserve Chairman Jerome Powell addresses a rural policy forum at historically black Mississippi Valley State University in Itta Bena, Miss., Tuesday, Feb. 12, 2019. Powell says that many rural areas have not benefited from the national prosperity and those areas need special support. (AP Photo/Rogelio V. Solis)
February 12, 2019 - 3:42 pm
ITTA BENA, Miss. (AP) — Federal Reserve Chairman Jerome Powell traveled Tuesday to a historically black university in the Mississippi Delta to deliver a message that the nation's prosperity has not been felt in many such areas around the country. Powell said that many rural areas had been left out...
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FILE - This Aug. 22, 2003 file photo shows the corporate headquarters of BB&T in Winston-Salem, N.C. Southern regional banks BB&T and SunTrust are combining in an all-stock deal valued at about $66 billion. The banks said Thursday, Feb. 7, 2019 that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households (David Rolfe/The Winston-Salem Journal via AP)
February 07, 2019 - 11:39 am
NEW YORK (AP) — Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis. The deal would create yet another financial titan in the U.S. The combined company will be the sixth-largest retail...
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FILE- In this Aug. 9, 2018, photo a manager of a financial services store in Ballwin, Mo., counts cash being paid to a client as part of a loan. The nation's federal financial watchdog has announced its plans to roll back most of its consumer protections governing the payday lending industry. It's the Consumer Financial Protection Bureau's first rollback of regulations under its new Director, Kathy Kraninger, who took over the bureau late last year. (AP Photo/Sid Hastings, File)
February 06, 2019 - 3:48 pm
NEW YORK (AP) — The nation's federal financial watchdog said Wednesday that it plans to abolish most of its critical consumer protections governing payday lenders. The move is a major win for the payday lending industry, which argued the government's regulations could kill off a large chunk of its...
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This Thursday, Nov. 29, 2018, photo shows a Wells Fargo bank location in Philadelphia. Wells Fargo & Co. reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Matt Rourke, File)
January 15, 2019 - 8:01 am
NEW YORK (AP) — Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps. The San Francisco-based bank said it earned a profit of $6.06...
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A protestor runs from teargas launched by riot police during a demonstration of unionist and yellow vests, in Creteil, outside Paris, Wednesday, Jan. 9, 2019. About 200 protesters, including unionists and yellow vests, gathered Wednesday in Creteil, a Paris suburb, as Macron was doing a visit in a facility dedicated to handball. Some scuffles broke out with police forces that used tear gas to keep the crowd at a distance from the French leader. (AP Photo/Thibault Camus)
January 09, 2019 - 11:07 am
PARIS (AP) — Activists from a French protest movement encouraged supporters Wednesday to set off a bank run by emptying their accounts, while the government urged citizens to express their discontent in a national debate instead of weekly demonstrations disrupting the streets of Paris. Activists...
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December 24, 2018 - 3:38 am
NICOSIA, Cyprus (AP) — The chief of the Cyprus Association of Banks say Cypriot lenders are concerned that their adoption of some of the toughest anti-money laundering regulations in the world has not been fully recognized abroad. Association Director Michalis Kammas told The Associated Press...
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FILE In this April 17, 2006, file photo a man signs a check in Anchorage, Alaska. Have you received a preapproved offer in the mail this holiday season that looks like a check, made out to you and ready to cash? Before you rush to the bank, visions of presents dancing in your head, know that it’s not free cash. Rather, it’s more likely an expensive loan. (AP Photo/Al Grillo, File)
December 14, 2018 - 9:09 am
Have you received a preapproved offer in the mail this holiday season that looks like a check, made out to you and ready to cash? Before you rush to the bank, visions of presents dancing in your head, know that it's not free cash. Rather, it's more likely an expensive loan. Such pre-screened mail...
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