Financial industry regulation

In this Thursday, April 23, 2020 photo, Laura Campbell speaks as she looks over vacation rental agreements at her home in Richmond, Va. Campbell lost deposits and rental fees when after cancelling vacations due to COVID-19 despite having travel insurance. (AP Photo/Steve Helber)
April 28, 2020 - 7:09 am
NORFOLK, Va. (AP) — For many people, travel insurance has been little more than a box that pops up on a booking site to offer some cheap peace of mind. But the coverage’s limitations have been brought into stark relief during the coronavirus pandemic, leaving would-be travelers frustrated over...
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In this April 23, 2020, photo, contract workers join the Army Corps of Engineers as they get the currently dormant St. Luke's Hospital ready for reopening for the possible surge of coronavirus patients in Phoenix. As states gear up to reopen, a poll finds a potential obstacle to controlling coronavirus: nearly 1 in 10 adults say cost would keep them from seeking help if they thought they were infected. The Gallup-West Health Healthcare Costs Survey out Tuesday, April 28, finds that 9% of those age 18 and over would avoid seeking treatment because of concerns about the cost of care, even if they thought they were infected with the coronavirus. (AP Photo/Ross D. Franklin)
April 27, 2020 - 10:31 pm
WASHINGTON (AP) — As states gear up to reopen, a poll finds a potential obstacle to controlling coronavirus: nearly 1 in 10 adults say cost would keep them from seeking help if they thought they were infected. The Gallup-West Health Healthcare Costs Survey out Tuesday finds that 9% of those age 18...
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FILE - In this Jan. 24, 2019 file photo, the Supreme Court is seen at sunset in Washington. The Supreme Court has ruled that insurance companies can collect $12 billion from the federal government to cover their losses in the early years of the health care law championed by President Barack Obama. The justices voted 8-1 Monday in holding that insurers are entitled to the money under a provision of the “Obamacare” health law that promised the companies a financial cushion for losses they might incur by selling coverage to people in the marketplaces created by the health care law. (AP Photo/J. Scott Applewhite)
April 27, 2020 - 9:46 am
WASHINGTON (AP) — The Supreme Court ruled Monday that insurance companies can collect $12 billion from the federal government to cover their losses in the early years of the health care law championed by President Barack Obama. Insurers are entitled to the money under a provision of the “Obamacare...
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The buildings of the banking district are reflected in the river Main in Frankfurt, Germany, Saturday, April 25, 2020. Due to the coronavirus the economy worldwide expects heavy losses. (AP Photo/Michael Probst)
April 27, 2020 - 5:17 am
FRANKFURT, Germany (AP) — Deutsche Bank has reported that its net income fell to 66 million euros ($72 million) in the first quarter as the pandemic hurt its business. The bank said it was letting its financial buffers fall so it can maintain lending to clients but said the easing was temporary and...
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President Donald Trump speaks before signing a coronavirus aid package to direct funds to small businesses, hospitals, and testing, in the Oval Office of the White House, Friday, April 24, 2020, in Washington. From left, Treasury Secretary Steven Mnuchin, Sen. Roy Blunt, R-Mo., Trump, Small Business administrator Jovita Carranza, and House Minority Leader Kevin McCarthy of Calif. (AP Photo/Evan Vucci)
April 24, 2020 - 4:16 pm
WASHINGTON (AP) — President Donald Trump said Friday that he won't approve a $10 billion loan for the U.S. Postal Service unless the agency raises charges for Amazon and other big shippers to four to five times current rates. “The Postal Service is a joke because they’re handing out packages for...
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April 13, 2020 - 9:37 am
DENVER (AP) — Colorado has made online sales of recreational marijuana legal during the coronavirus epidemic, fulfilling one of the pot industry's biggest wishes and fueling its argument for more concessions that could be made permanent when the crisis eases. It's one of several signs emerging from...
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Treasury Secretary Steven Mnuchin and President Donald Trump listen to a question during a conference call with banks on efforts to help small businesses during the coronavirus pandemic, at the White House, Tuesday, April 7, 2020, in Washington. (AP Photo/Evan Vucci)
Associated Press
April 08, 2020 - 4:57 pm
WASHINGTON (AP) — Congress is rushing headlong into a conflict over the next coronavirus aid package as the White House wants to pump $250 billion into a small business fund but opposes Democrats' proposal to tack on billions for protective gear, food stamps and support to state and local...
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Customers wear face masks as they line up to enter a supermarket keeping social distancing following the government's measures to help stop the spread of the coronavirus, in Tel Aviv, Israel, Tuesday, April 7, 2020. Israeli Prime Minister Benjamin Netanyahu announced Monday a complete lockdown over the upcoming Passover holiday to control the country's coronavirus outbreak, but offered citizens some hope by saying he expects to lift widespread restrictions after the week-long festival. (AP Photo/Oded Balilty)
Associated Press
April 08, 2020 - 6:00 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus. ___________ CUSTOMERS FIRST: The pandemic is sapping trillions from the economy and the...
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FILE - This screen grab from the website HealthCare.gov shows the extended deadline for signing up for health care coverage for 2020. (Centers for Medicare and Medicaid Services via AP, File)
April 03, 2020 - 3:49 pm
More than a million people could swamp the Affordable Care Act’s health insurance marketplaces in the coming months as employers lay off staff during the coronavirus pandemic. The health insurance markets are a backbone of the Obama-era law that President Donald Trump has tried to demolish. They...
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In this March 27, 2020, photo, House Speaker Nancy Pelosi of Calif., walks to her office after signing the Coronavirus Aid, Relief, and Economic Security (CARES) Act on Capitol Hill in Washington. President Donald Trump wants to spend $2 trillion on infrastructure projects to create jobs and help the collapsing economy rebuild from the coronavirus' stunning blows. Pelosi says that seems about right. Sounds like the prelude to a bipartisan deal. Except that when it comes to trying to upgrade the country's road, rail, water and broadband systems, Washington frequently veers off the tracks — usually over the bill's contents and how to pay for it. (AP Photo/Andrew Harnik)
April 02, 2020 - 10:38 am
WASHINGTON (AP) — The new report that a knee-buckling 6.6 million more Americans filed for unemployment insurance makes it more urgent for Congress to approve a fresh jobs package, House Speaker Nancy Pelosi said Thursday. Pelosi, D-Calif., also told reporters that she will establish a special...
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