Financial industry regulation

FILE - In this Sept. 24, 2019, file photo, Securities and Exchange Commission (SEC) Chairman Jay Clayton, center, waves to a commissioner as he takes his seat between SEC Commissioners Robert Jackson Jr., left, and Hester Peirce, at the start of a House Financial Services Committee hearing on Capitol Hill in Washington. With little fanfare, the SEC is taking steps to revamp one of the government’s most successful whistleblower programs, alarming advocates who warn the changes will set back efforts to police Wall Street and punish corporate fraud (AP Photo/Jacquelyn Martin, File)
October 12, 2019 - 10:47 am
WASHINGTON (AP) — A federal agency is moving with little fanfare to revamp one of the most successful whistleblower programs in the government, alarming advocates who warn the changes will set back efforts to police Wall Street and punish corporate fraud. Much like the whistleblower system for...
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FILE - In this April 11, 2018 file photo, Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington. 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, Oct. 11, 2019, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant eBay and payments startup Stripe. (AP Photo/Andrew Harnik, File)
October 12, 2019 - 9:27 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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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 - 8:05 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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FILE - In this Jan. 30, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington. The Federal Reserve has approved a package of rules that will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules. (AP Photo/Alex Brandon, File)
October 10, 2019 - 5:01 pm
WASHINGTON (AP) — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump. The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year to...
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October 10, 2019 - 3:43 pm
WASHINGTON (AP) — The Federal Reserve has approved a package of rules that will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules. The Fed's rule changes approved...
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FILE - In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington about the use of Facebook data to target American voters in the 2016 election and data privacy. Attorney General William Barr wants Facebook to give law enforcement a way to read encrypted messages sent by users, re-igniting tensions between tech companies and law enforcement. (AP Photo/Andrew Harnik, File)
October 09, 2019 - 3:34 pm
WASHINGTON (AP) — Facebook CEO Mark Zuckerberg will appear before Congress this month as the tech giant is under pressure from lawmakers and regulators over its massive market power and record of privacy breaches. Rep. Maxine Waters, the California Democrat who heads the House Financial Services...
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October 08, 2019 - 5:37 pm
WASHINGTON (AP) — The Federal Reserve and four other regulatory agencies announced final approval Tuesday to changes in the "Volcker rule" passed after the 2008 financial meltdown to crack down on trading excesses that contributed to the crisis. The changes were supported by the banking industry,...
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In this, Monday, Oct. 7, 2019 photo, David Schaecter, president of the Holocaust Survivors Foundation USA (HSF), gestures as he speaks during an interview with The Associated Press in Aventura, Fla. Aging Holocaust survivors are trying to recover insurance benefits that were never honored by Nazi-era companies, which could be worth billions of dollars. The companies have demanded original paperwork, such as death certificates, that were not available after World War II. The survivors want to take insurance companies to court in the U.S. to recover the money, but it would take an act of Congress to allow it. (AP Photo/Wilfredo Lee)
October 08, 2019 - 5:00 pm
AVENTURA, Fla. (AP) — When David Schaecter was a child in Slovakia in the 1930s, he counted more than 100 people in his extended family. By the end of World War II, he alone survived. The rest had been killed in Nazi concentration camps or by roving SS death squads. Schaecter lost not only his...
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FILE - In this May 10, 2019, file photo, China's Vice Premier Liu He, left is greeted by U.S. Treasury Secretary Steve Mnuchin, second from right, and U.S. Trade Representative Robert Lighthizer, third right, as he arrives at the Office of the United States Trade Representative in Washington. China's Ministry of Commerce said Tuesday that Liu is going to Washington on Thursday for talks aimed at ending the tariff war. (AP Photo/Andrew Harnik, File)
October 08, 2019 - 4:15 am
BEIJING (AP) — China's chief trade envoy is going to Washington on Thursday for talks aimed at ending a tariff war. Vice Premier Liu He will lead a delegation that includes China's commerce minister and central bank governor and industry, technology and agriculture regulators, the Ministry of...
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Pharmacist Clint Hopkins displays the HIV prevention drugs Descovy, left and Truvada, right, at Pucci's Pharmacy in Sacramento, Calif., Monday, Oct. 7, 2019. Gov. Gavin Newsom signed a bill, SB159, by state Sen. Scott Wiener, D-San Francisco, Monday, authorizing pharmacists to sell the HIV preventative medications, to patients without a physician's prescription. (AP Photo/Rich Pedroncelli)
October 07, 2019 - 7:31 pm
SACRAMENTO, Calif. (AP) — Pharmacists in California will be able to dispense HIV prevention pills to patients without a doctor's prescription after Gov. Gavin Newsom signed legislation Monday that supporters say will greatly reduce the spread of infection. Advocates of Senate Bill 159 say...
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