Financial industry regulation

January 12, 2021 - 11:03 am
LOS ANGELES (AP) — Drivers for app-based ride-hailing and delivery services filed a lawsuit Tuesday to overturn a California ballot initiative that makes them independent contractors instead of employees eligible for benefits and job protections. The lawsuit filed with the California Supreme Court...
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FILE - This Thursday, June 6, 2019 file photo shows the U.S. Treasury Department building at dusk in Washington. The Corporate Transparency Act, enacted into law on Jan. 1, 2021, seeks to strengthen controls by creating a registry managed by the Treasury Department that will contain the names of the true owners of both domestically-created shell companies as well as foreign ones conducting business in the U.S. (AP Photo/Patrick Semansky)
January 10, 2021 - 9:01 am
MIAMI (AP) — For years as a federal prosecutor in New York, Daniel R. Alonso led teams that had to search through a maze of anonymously owned corporate entities to expose criminal activity. “It required all kinds of shoe-leather investigating to identify who was really behind these shell companies...
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A man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Jan. 6, 2021. Asian shares were mostly lower Wednesday as surging virus counts and China-U.S. tensions weighed on sentiment. (AP Photo/Koji Sasahara)
January 06, 2021 - 1:36 am
World shares were mixed and U.S. futures declined Wednesday as investors awaited full results of a Senate runoff election that will determine whether Democrats take control of both houses of the U.S. Congress. Benchmarks edged higher in Europe. Shares traded lower for most of the day in Asia,...
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FILE - In this June 5, 2020 file photo, President Donald Trump poses for a photo after signing the Paycheck Protection Program Flexibility Act during a news conference in the Rose Garden of the White House in Washington. Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks to accept their applications. Or, they were disadvantaged by the program's terms. Data from the Paycheck Protection Program analyzed by The Associated Press show many minority owners desperate for a loan didn’t receive one until the PPP's last weeks. (AP Photo/Evan Vucci, File)
January 03, 2021 - 6:00 am
NEW YORK (AP) — Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program. Data from the Paycheck Protection Program...
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U.S. Sen. Kelly Loeffler, R-Ga.,talks to supporters during a campaign event Friday, Dec. 31, 2020 at McCray's Tavern in Marietta, Ga. (AP Photo/Ben Gray)
January 01, 2021 - 12:17 pm
ATLANTA (AP) — The merchandise featured in Sen. Kelly Loeffler’s online campaign store includes T-shirts and bumper stickers bearing Donald Trump’s name and the message: “Still my president.” The Georgia Republican is running television ads ahead of Tuesday’s Senate runoff elections that lambastes...
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South Korea's Vice Justice Minister Lee Yong-gu speaks during a briefing at the government complex in Seoul, South Korea, Dec. 31, 2020. South Korea has enforced its toughest physical distancing rules at correctional facilities across the country after a major cluster of coronavirus infections flared at a Seoul prison. (Lee Jung-hun/Yonhap via AP)
December 30, 2020 - 8:09 pm
SEOUL, South Korea __ South Korea has enforced its toughest physical distancing rules at correctional facilities across the country after a major cluster of coronavirus infections flared at a Seoul prison. The Justice Ministry says that 792 people — 771 inmates and 21 staff — at Seoul’s Dongbu...
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December 27, 2020 - 1:42 am
HONG KONG (AP) — Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector. The People’s Bank of China, the...
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A security guard mans a checkpoint into the Alibaba Group headquarters in Hangzhou in eastern China's Zhejiang province on Friday, May 27, 2016. Chinese regulators on Thursday, Dec. 24, 2020 announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries. (AP Photo/Ng Han Guan)
December 24, 2020 - 2:47 am
BEIJING (AP) — Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up the ruling Communist Party’s efforts to control fast-growing tech industries. President Xi Jinping’s government worries about the dominance of competitors such as...
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FILE - In this late Wednesday, Dec. 16, 2020, file photo, the Los Angeles County+USC Medical Center's patient drop-off/pick-up area is seen in Los Angeles. People with private health insurance will finally see the nasty shock of “surprise” medical bills virtually gone, thanks to the coronavirus compromise reached in Congress. (AP Photo/Damian Dovarganes, File)
December 22, 2020 - 3:34 am
WASHINGTON (AP) — People with private health insurance will see the nasty shock of “surprise” medical bills virtually gone, thanks to the coronavirus compromise passed by Congress. The charges that can run from hundreds to tens of thousands of dollars come from doctors and hospitals that are...
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FILE - This Monday, Nov. 16, 2020 file photo shows the Federal Reserve in Washington. The Federal Reserve said Friday, Dec. 18, 2020 that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock. (AP Photo/J. Scott Applewhite, File)
December 18, 2020 - 5:06 pm
WASHINGTON (AP) — The Federal Reserve said Friday that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock. The banks have ample capital cushions girding them against unexpected losses and that will also enable them to keep lending even under the most severe straits...
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