Banking and credit regulation

FILE - In this May 8, 2019 file photo, then Federal Trade Commission commissioner Rohit Chopra testifies during a House Energy and Commerce subcommittee hearing on Capitol Hill in Washington. President-elect Joe Biden is set to nominate Rohit Chopra as the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. (AP Photo/Susan Walsh)
January 18, 2021 - 5:41 pm
WASHINGTON (AP) — President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. Chopra, now a commissioner at the Federal Trade Commission,...
Read More
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 - 12:01 pm
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...
Read More
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 - 9:00 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...
Read More
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 - 8:06 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...
Read More
President Donald Trump's White House Senior Adviser Jared Kushner and Ivanka Trump, the daughter of President Trump, walk on the South Lawn of the White House in Washington, Sunday, Nov. 29, 2020, after stepping off Marine One upon returning from Camp David. (AP Photo/Patrick Semansky)
December 10, 2020 - 6:01 pm
WASHINGTON (AP) — A congressional monitor of federal pandemic aid is raising the possibility of a link between President Donald Trump's son-in-law, Jared Kushner, and a $700 million relief loan to a struggling trucking company. Bharat Ramamurti, a Democratic member of the four-person Congressional...
Read More
FILE - In this Thursday, Feb. 20, 2020 file photo, Ralph Hamers, new CEO of Swiss Bank UBS, gestures during a press conference in Zurich, Switzerland. A Dutch court ruled Wednesday, Dec. 9, 2020, that Hamers, the former CEO of ING bank, should face a criminal investigation for his role in a money laundering scandal that led to a huge settlement in 2018. (Walter Bieri/Keystone via AP, File)
December 09, 2020 - 9:03 am
THE HAGUE, Netherlands (AP) — A Dutch court on Wednesday ordered prosecutors to open a criminal investigation into the former CEO of ING bank, Ralph Hamers, for his role in a money laundering scandal that led to a huge settlement in 2018. ING paid 775 million euros to settle the case, with the...
Read More
File - In this Tuesday, March 11, 2014 file photo an Israeli worker transports wine bottles in a winery at the West Bank Jewish settlement of Psagot, Tuesday. Secretary of State Mike Pompeo's expected tour of a winery in the occupied West Bank this week will be the first time a top U.S. diplomat has visited an Israeli settlement, a parting gift from an administration that has taken unprecedented steps to support Israel's claims to war-won territory. (AP Photo/Oded Balilty, File)
November 18, 2020 - 1:38 am
JERUSALEM (AP) — U.S. Secretary of State Mike Pompeo's expected tour of a West Bank winery this week will be the first time a top American diplomat has visited an Israeli settlement, a parting gift from an administration that has taken unprecedented steps to support Israel's claims to war-won...
Read More
FILE - In this Dec. 10, 2019 file photo, Securities and Exchange Commission (SEC) Chairman Jay Clayton testifies to the Senate Committee on Banking, Housing, and Urban Affairs about oversight of the SEC, on Capitol Hill in Washington. Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets’ top regulator during the Trump administration, is leaving the position at year’s end. Clayton’s term runs through mid-2021. (AP Photo/Jacquelyn Martin, File)
November 16, 2020 - 11:42 am
WASHINGTON (AP) — Jay Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets’ top regulator during the Trump administration, is leaving the position at year’s end, the SEC announced Monday. Clayton’s term runs through mid-2021. It is...
Read More
In this Friday, Oct. 23, 2020 photo, the figure of Ant Group's mascot is displayed at the Ant Group office in Hong Kong. China's Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world's largest money market funds, will hold dual listings in Shanghai and Hong Kong. (AP Photo/Kin Cheung)
November 04, 2020 - 7:46 pm
BEIJING (AP) — The world’s biggest online finance company was racing toward a stock market debut when it was derailed by Beijing's anxiety about risks in the fledgling industry, jarring global investors and deepening uncertainty about China’s financial markets. Regulators suspended Ant Group's...
Read More
In this Friday, Oct. 23, 2020 photo, the figure of Ant Group's mascot is displayed at the Ant Group office in Hong Kong. China's Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world's largest money market funds, will hold dual listings in Shanghai and Hong Kong. (AP Photo/Kin Cheung)
November 03, 2020 - 1:47 am
HONG KONG (AP) — Chinese regulators summoned Ant Group founder Jack Ma and two other senior executives to a meeting just days before the company's shares are due to begin trading following a blockbuster offering expected to be the world’s largest. In a statement issued on Monday, the People’s Bank...
Read More

Pages