Financial industry regulation

The Supreme Court is seen in Washington, Friday, April 20, 2018. The Supreme Court this week will consider the latest version of President Donald Trump's travel ban against people coming from majority Muslim nations. It will be the high court's first deep dive into a Trump administration policy. (AP Photo/J. Scott Applewhite)
April 23, 2018 - 1:34 pm
WASHINGTON (AP) — The Supreme Court wrestled Monday with a case brought by a former financial adviser known for his "Buckets of Money" strategy who is challenging the appointment of the administrative law judge who ruled against him. The case involves the Securities and Exchange Commission's...
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FILE - This Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. The New York Times and other news outlets are reporting Thursday, April 19, 2018, that federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses. (AP Photo/Matt Rourke, File)
April 20, 2018 - 2:52 pm
NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses. In a settlement announced Friday, Wells will pay $500 million...
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FILE - This Sept. 13, 2014, file photo, shows the Chase bank logo in New York. The nation’s six big Wall Street banks posted record or near record profits in the first quarter, thanks largely to the recently enacted Trump tax law. Combined, the six banks saved at least $3.59 billion in taxes last quarter, according to an Associated Press estimate, Friday, April 20, 2018, using the bank’s tax rates going back to 2015. (AP Photo/Frank Franklin II, File)
April 20, 2018 - 9:59 am
NEW YORK (AP) — The nation's six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: President Donald Trump. While higher interest rates allowed banks to earn more from lending in the first quarter, the main boost to bank...
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FILE - This Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. The New York Times and other news outlets are reporting Thursday, April 19, 2018, that federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses. (AP Photo/Matt Rourke, File)
April 19, 2018 - 8:30 pm
NEW YORK (AP) — Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported, citing unnamed sources. The potential $1 billion fine would be largest ever imposed...
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FILE - In this April 11, 2018 file photo, Missouri Gov. Eric Greitens speaks at a news conference in Jefferson City, Mo., about allegations related to an extramarital affair with his hairdresser. Missouri Attorney General Josh Hawley said Tuesday, April 17, 2018, he believes there's enough evidence to bring a criminal charge and pursue impeachment of Gov. Eric Greitens for allegedly using a charity donor list for political purposes. (J.B. Forbes/St. Louis Post-Dispatch via AP, File)
April 18, 2018 - 6:30 pm
JEFFERSON CITY, Mo. (AP) — Accused of sexual and political misconduct, Republican Missouri Gov. Eric Greitens is defying calls to resign from top lawmakers in his own party while instead banking on steady support from the voters who backed his populist campaign against "corrupt insiders" and "...
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FILE - In this Oct. 4, 2017, file photo, shooting instructor Frankie McRae demonstrates the grip on an AR-15 rifle fitted with a "bump stock" at his 37 PSR Gun Club in Bunnlevel, N.C. The largest manufacturer of bump stocks, which allow semi-automatic weapons to fire rapidly like automatic firearms, announced Wednesday, April 18, 2018, that it will stop taking orders and shut down its website next month. (AP Photo/Allen G. Breed, File)
April 18, 2018 - 3:38 pm
LOS ANGELES (AP) — The largest manufacturer of bump stocks, which allow semi-automatic weapons to fire rapidly like automatic firearms, announced Wednesday that it will stop taking orders and shut down its website next month. The announcement comes about a month after President Donald Trump said...
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In this April 10, 2018, photo, Senate Majority Leader Mitch McConnell, R-Ky., flanked by Sen. Cory Gardner, R-Colo., left rear, and Sen. John Barrasso, R-Wyo., right rear, speaks on Capitol Hill in Washington. The Republican-led Congress last year revoked more than a dozen Obama-era federal regulations. Now, it’s poised to undo guidance a consumer protection agency issued five years ago to help ensure minority car buyers aren’t charged higher interest rates. “Republicans are chopping away at the tangled mess of regulations the last administration left behind,” said McConnell. “Our whole economy is getting a tune-up. And now it’s time for the front end of the auto industry to come along for the ride.” (AP Photo/J. Scott Applewhite)
April 18, 2018 - 11:32 am
WASHINGTON (AP) — The Republican-led Congress is poised to undo Obama-era guidance a consumer protection agency issued five years ago to help ensure minority car buyers aren't charged higher interest rates. Republicans said that rescinding the guidance is necessary because it amounted to a backdoor...
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FILE- In this Nov. 6, 2017, file photo, people walk by a branch office of Bank of America in New York. Bank of America Corp. reports earnings Monday, April 16, 2018. (AP Photo/Mark Lennihan, File)
April 16, 2018 - 7:22 am
NEW YORK (AP) — Bank of America is reporting that its first-quarter profits jumped by 30 percent from a year earlier as the company benefited from the new tax law as well as higher interest rates. The consumer banking giant earned $6.92 billion, or 62 cents per share, up from $5.34 billion, or 45...
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FILE - In this Jan. 14, 2015, file photo, people walk past a branch of Chase bank, in New York. JPMorgan Chase & Co. reports earnings Friday, April 13, 2018. (AP Photo/Mark Lennihan, File)
April 13, 2018 - 4:16 pm
NEW YORK (AP) — Three of America's biggest banks reported higher profits Friday, with a huge assist from the tax law passed late last year. JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations. Banks are expected to be major beneficiaries of the...
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FILE- This Friday, Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. Wells Fargo reports earnings Friday, April 13, 2018. (AP Photo/Matt Rourke, File)
April 13, 2018 - 2:16 pm
WASHINGTON (AP) — Wells Fargo's profit jumped 6 percent during the first quarter, but that may be revised following an offer by federal regulators to settle a host of investigations into the consumer banking giant at a cost of $1 billion. Wells is navigating several investigations tied to the...
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