Financial industry regulation

Trader Stephen Gilmartin, right, works with specialist Dilip Patel on the floor of the New York Stock Exchange, Wednesday, Nov. 13, 2019. Stocks are opening slightly lower on Wall Street led by declines in banks and industrial companies. (AP Photo/Richard Drew)
November 13, 2019 - 11:22 am
Major U.S. stock indexes edged higher in midday trading Wednesday after the chairman of the Federal Reserve told lawmakers that the central bank is likely to hold off on another interest rate cut, unless the economy shows signs of worsening. Fed Chairman Jerome Powell also expressed optimism about...
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FILE- In this Jan. 23, 2019, file photo a Pacific Gas & Electric truck enters their customer center in Hayward, Calif. Pacific Gas & Electric Co. on Thursday, Nov. 7, reported a third-quarter loss of $1.62 billion, after reporting a profit in the same period a year earlier. (AP Photo/Ben Margot, File)
November 07, 2019 - 3:43 pm
Pacific Gas & Electric reported another huge loss on Thursday as the fallout from catastrophic wildfires blamed on its outdated transmission lines drive the bankrupt utility into a deeper hole. The company estimated it's facing a bill of more than $6 billion this year alone to pay for...
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Perry Santillo walks outside the federal courthouse in Scranton, Pa., Monday, Nov. 4, 2019, after pleading guilty to a federal fraud charge. Prosecutors say Santillo masterminded a Ponzi scheme that took in more than $115 million from investors around the country. (AP Photo/Michael Rubinkam)
November 04, 2019 - 4:31 pm
SCRANTON, Pa. (AP) — The fraudster called himself "King Perry," and for a while he lived like royalty. Perry Santillo masterminded a long-running investment scam that collected more than $115 million from 1,000 investors around the country, using some of the proceeds to fund a lavish lifestyle of...
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FILE - In this Nov. 8, 2018, file photo, the U.S. Medicare Handbook is photographed, in Washington. A new study finds that more than half of seriously ill Medicare enrollees _ 53% _ struggle to pay their medical bills. Prescription drugs are the leading problem. The researchers who wrote Monday’s report in the journal Health Affairs were surprised by their findings, since Medicare is considered relatively good coverage. (AP Photo/Pablo Martinez Monsivais, File)
November 04, 2019 - 3:03 pm
WASHINGTON (AP) — More than half of seriously ill Medicare enrollees face financial hardships with medical bills, with prescription drug costs the leading problem, according to a study published Monday. The study in the journal Health Affairs comes as legislation to curb drug costs for seniors...
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November 01, 2019 - 2:47 pm
WASHINGTON (AP) — The Supreme Court will consider taking away an important tool that federal securities regulators used last year to recoup $2.5 billion in ill-gotten gains in fraud cases. The justices said Friday they will hear an appeal contending that the Securities and Exchange Commission lacks...
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John Gold, self-employed graphics designer, poses at a farmer's market outside his office in Portland, Maine, Wednesday, Oct. 23, 2019. Gold has been covered by the Affordable Care Act since it started, plans on shopping for plans for 2020 again when the enrollment season starts Nov. 1. The 2020 sign-up season for the Affordable Care Act is getting underway with premiums down slightly in many states and more health plan choices for consumers. (AP Photo/Charles Krupa)
October 31, 2019 - 1:22 pm
WASHINGTON (AP) — More Americans are going without health insurance, and stable premiums plus greater choice next year under the Obama health law aren't likely to reverse that. As sign-up season starts on Friday, the Affordable Care Act has shown remarkable resiliency, but it has also fallen short...
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FILE - In an April 11, 2016 file photo, Congressman John Conyers is seen during a ceremony for former U.S. Sen. Carl Levin, in Detroit. Detroit police say the former congressman died at his home on Sunday, Oct. 27, 2019. He was 90. ((AP Photo/Carlos Osorio, File)
October 27, 2019 - 4:05 pm
DETROIT (AP) — Former U.S. Rep. John Conyers, one of the longest-serving members of Congress whose resolutely liberal stance on civil rights made him a political institution in Washington and back home in Detroit despite several scandals, has died. He was 90. Conyers, among the high-profile...
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Facebook CEO Mark Zuckerberg testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Oct. 23, 2019, on Facebook's impact on the financial services and housing sectors. (AP Photo/Andrew Harnik)
October 23, 2019 - 5:19 pm
WASHINGTON (AP) — Facebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company's new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S. regulators. Representatives also grilled...
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House Speaker Nancy Pelosi of Calif., gestures while speakings during a news conference on Capitol Hill in Washington, Thursday, Oct. 17, 2019. (AP Photo/Pablo Martinez Monsivais)
October 17, 2019 - 7:10 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi is plowing ahead with her bill to allow Medicare to negotiate prescription drug prices despite a breakdown in relations with her chief bargaining partner on the issue — President Donald Trump. The nonpartisan Congressional Budget Office has estimated the...
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FILE - This April 22, 2005, file photo, shows logos for MasterCard and Visa credit cards at the entrance of a New York coffee shop. Visa and Mastercard are dropping out of Facebook’s Libra project, a potentially fatal blow to the social network’s plan for a worldwide digital currency, Friday, Oct. 11, 2019. (AP Photo/Mark Lennihan, File)
October 12, 2019 - 7:05 am
Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. On Friday, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant eBay and payments startup Stripe. Last week,...
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