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Legislation Regulations

  • The U.S. Court of Appeals for the District of Columbia, in a rare hearing Wednesday by a majority of its judges, took up the politically charged case involving the Consumer Financial Protection Bureau and the power of its director. Lawyers for the Trump administration and a company sanctioned by the consumer agency argued that the way the CFPB was created, by...

  • NEW YORK, May 24- Regulations passed after the financial crisis aimed at reducing risk at systemically important banks and other institutions have made it harder to buy and sell corporate bonds, researchers at the New York Federal Reserve said on Wednesday. In October 2015, New York Fed economists, including Tobias Adrian and Or Shachar, said there appeared to be...

  • WASHINGTON, May 24- U.S. Senate Republican Leader Mitch McConnell told Reuters on Wednesday he expects bipartisan support for approval of a bill authorizing taxpayer and industry funding for the U.S. Food and Drug Administration. The bill to reauthorize the Prescription Drug User Fee Act would let the FDA continue to collect hundreds of millions of dollars...

  • WASHINGTON, May 24- A U.S. appeals court appeared sharply divided along partisan lines on Wednesday on whether the structure of the Consumer Financial Protection Bureau is constitutional, tilting slightly toward the regulator in one of two cases that could weigh on the policing of Wall Street. A crowded courtroom at the U.S. Court of Appeals for the District of...

  • A decline in loan demand could signal weakness in the economy but regulators will not know for sure until later in the year, said Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation. James Chessen of the American Bankers Association said industry had expected President Donald Trump might use the tax code to stoke investment but those...

  • NEW YORK, May 24- Anthem Inc on Wednesday said its plans for selling 2018 Obamacare individual plans are still up in the air because of political and regulatory uncertainty, making it the latest health insurer to say questions about continued funding of government subsidies will affect consumers next year. Anthem, the biggest provider of individual health...

  • SINGAPORE, May 24- China has fined Citic Securities, Haitong Securities and Guosen Securities for breaking brokerage rules as part of Beijing's efforts to clean up its financial services sector. The country's biggest brokerage Citic Securities Co Ltd said in regulatory filings on Wednesday it had been fined 308.3 million yuan and warned by the China...

  • LUBEC, Maine— Maine's U.S. senators are on board with a plan to make it easier for seafood dealers to export sea urchins and sea cucumbers outside of the United States. Angus King say their proposal would prevent the U.S. Fish and Wildlife Service from burdening the industry with inspections that they say are repetitive. Democratic Congresswoman Chellie Pingree...

  • WASHINGTON, May 23- American steel executives said on Tuesday that a Trump administration national security review of their industry could provide relief from imports that dozens of U.S. Commerce Department anti-dumping cases have only partly offered. The probe could result in broader protections that solve a "whack-a-mole" problem of shutting out...

  • WASHINGTON, May 23- The U.S. government filed a civil lawsuit Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.. The U.S. Justice Department lawsuit, filed in U.S. It said Tuesday it was disappointed the Justice Department filed suit and would vigorously defend...

  • WASHINGTON, May 23- The U.S. government filed a civil lawsuit Tuesday accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.. The U.S. Justice Department lawsuit, filed in U.S. It said Tuesday it was disappointed the Justice Department filed suit and would vigorously defend itself...

  • BEIJING, May 23- A top official at China's banking regulator is being investigated for suspected disciplinary violations, the country's top anti-graft body said, broadening the country's anti-corruption drive to include more financial supervisors. Yang's investigation brings the country's banking regulator squarely in the crosshairs of China's...

  • In recent years, the fund has been used to overhaul the SEC's information technology, including upgrades to the filing system for public companies and initiatives to help police fraud and track equities trading patterns. Congress does decide the SEC's $1.6 billion budget, but it is deficit neutral because the fees it collects from Wall Street firms are...

  • For its annual study of CEO pay, The Associated Press used data provided by Equilar, an executive data firm. Equilar examined the regulatory filings detailing the pay packages of 346 executives. Equilar looked at companies in the Standard& Poor's 500 index that filed proxy statements with federal regulators between Jan. 1 and May 1, 2017.

  • HONG KONG— Hong Kong police launched a fresh crackdown Tuesday on Uber, arresting 21 drivers suspected of working for the ride-hailing giant in the Asian financial center. It's the latest regulatory headache for Uber, which already is fighting a similar case in Hong Kong. The San Francisco- based tech company said it has a ridesharing insurance policy that...

  • In recent years, the fund has been used to overhaul the SEC's information technology, including upgrades to the filing system for public companies and initiatives to help police fraud and track equities trading patterns. Congress does decide the SEC's $1.6 billion budget, but it is deficit neutral because the fees it collects from Wall Street firms are...

  • *U.S. may challenge top beef exporter Brazil in China. CHICAGO, May 19- Talks on restarting U.S. beef exports to China are moving fast and final details should be in place by early June, the U.S. Department of Agriculture said on Friday, allowing American farmers to vie for business that has been lost by rival Brazil. As part of a trade deal, U.S. ranchers are set to face...

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. Corporations were also tapping investors for cash with bankers expecting $35 billion in investment-grade deals this week, according to IFR, a Thomson Reuters unit.

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. Corporations were also tapping investors for cash with bankers expecting $35 billion in investment-grade deals this week, according to IFR, a Thomson Reuters unit.

  • The drug, romosozumab, which would be sold under the brand name Evenity if approved, is awaiting an approval decision by the Food and Drug Administration. But the new safety data, which cropped up in an otherwise successful trial, will have to be taken into consideration, delaying any FDA decision and leaving the product's future uncertain. The news is a blow for...