Banking and credit regulation
Lawmakers vote to bank pandemic funds, boost schools funding

By Mark Scolforo Jun. 25, 2021 11:37 AM EDT
HARRISBURG, Pa. (AP) — A state budget that dumps billions in federal coronavirus money into savings, boosts spending on education and provides aid to nursing...

New Mexico Gov. Michelle Lujan Grisham declares her intention to seek reelection during a campaign rally in Albuquerque, New Mexico, on Thursday, June 3, 2021, as protesters chanted loudly beyond the walls of the outdoor venue. (AP Photo/Susan Montoya Bryan)
Pandemic ruling: State not obligated to compensate business

By Morgan Lee Jun. 07, 2021 03:35 PM EDT

Senate panel adds virus loan tax exemption to budget

May. 26, 2021 04:38 PM EDT
CONCORD, N.H. (AP) — The Senate Finance Committee on Wednesday added language to the state budget to ensure that federal Payroll Protection Program loans...

NC Senate tax cut plan includes virus aid for businesses

By Gary D. Robertson May. 25, 2021 01:05 PM EDT
RALEIGH, N.C. (AP) — A broad tax cut proposal from North Carolina Senate Republicans that began its advance in the chamber on Tuesday also contains federal...

Ahmande Grimes, owner of Spartan Financial, a financial services broker, poses for a portrait Monday, May 24, 2021, in Nashville, Tenn. When Grimes applied for a relief loan through his two traditional banks during COVID-19, the process seemed as complicated as applying for a mortgage. When he turned to an online lender, his application was quickly accepted and sent to the SBA. As a result, Grimes is considering a complete move to online banking, not just for borrowing. (AP Photo/Mark Humphrey)
Saved by online lenders, businesses say they'll borrow again

By Joyce M. Rosenberg May. 25, 2021 12:12 PM EDT

FILE - A for sale sign stands in front of a house, Tuesday, Oct. 6, 2020, in Westwood, Mass. American homeowners were given an expanded opportunity to hit pause on their mortgage payments because of the financial ravages of the pandemic, but that relief is slowly coming to an end. (AP Photo/Steven Senne, File)
How to ease out of mortgage forbearance, avoid foreclosure

By Sarah Skidmore Sell May. 19, 2021 08:16 AM EDT

Editorial Roundup: West Virginia

By The Associated Press Apr. 28, 2021 01:30 PM EDT
Charleston Gazette-Mail. April 26, 2021. Editorial: WV delegation should repeal bad lending rule Cross any of West...

Ex-House finance chair defends actions over NC tax bill

By Gary D. Robertson Apr. 21, 2021 01:42 PM EDT
RALEIGH, N.C. (AP) — The veteran North Carolina legislator removed as co-chair of the powerful House Finance Committee this week said on Wednesday that she...

North Carolina House finance chair stripped of position

By Gary D. Robertson Apr. 20, 2021 02:43 PM EDT
RALEIGH, N.C. (AP) — The current longest-serving member of the North Carolina House was stripped Tuesday of her chairmanship on the powerful House Finance...

Bill seeks to give more NC tax breaks on COVID-19 loans

By Gary D. Robertson Apr. 15, 2021 04:45 PM EDT
RALEIGH, N.C. (AP) — The state House on Thursday overwhelmingly backed legislation that would give additional state tax breaks to businesses that took federal...

Genworth pulls plug on its acquisition by China Oceanwide

Apr. 06, 2021 08:19 PM EDT
RICHMOND, Va. (AP) — Insurer Genworth Financial has pulled the plug on its long-delayed acquisition by a Chinese company. The provider of...

FILE - In this Wednesday, March 17, 2021, file photo, Senate Rules Committee Chair Amy Klobuchar, D-Minn., answers questions from the media at the Capitol, in Washington. Congressional Democrats, including Klobuchar, and nonprofits are pushing for a federal bill that would give nonprofits $50 billion to help them retain employees, hire newly unemployed workers and expand their operations. (AP Photo/J. Scott Applewhite, File)
Congressional Democrats push $50B bill for nonprofits

By Haleluya Hadero Mar. 19, 2021 11:33 AM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to shore up the financial system during the early days of the pandemic. The Fed said it will not extend the relief from the supplementary leverage ratio past March 31, 2021. (AP Photo/Susan Walsh, Pool)
Fed to end relaxed capital requirements for large banks

Mar. 19, 2021 09:47 AM EDT

Sen. Amy Klobuchar, D-Minn., speaks during a Senate Committee on Homeland Security and Governmental Affairs and Senate Committee on Rules and Administration joint hearing Wednesday, March 3, 2021, examining the January 6, attack on the U.S. Capitol in Washington. (Greg Nash/Pool via AP)
Battling bigness: Congress eyes action against monopolies

By Marcy Gordon Mar. 16, 2021 01:36 PM EDT

In this Wednesday, March 10, 2021, photo Lucas Szekely, right, takes a video of Josh Sobocinski as he does skateboarding tricks in a parking lot in Greensburg, Pa. Szekely, who thought the results of November's election "a little fishy" also said Democrats sending out another round of direct payments won't change that. Then added "It's a good thing now, but you can't keep doing it forever." (AP Photo/Keith Srakocic)
Democrats bank on relief aid to win back wary working class

By Will Weissert Mar. 14, 2021 09:33 AM EDT

President Joe Biden signs the American Rescue Plan, a coronavirus relief package, in the Oval Office of the White House, Thursday, March 11, 2021, in Washington. (AP Photo/Andrew Harnik)
Nonprofits hail anti-poverty aspects of COVID relief measure

By Michael Theis And Dan Parks Of The Chronicle Of Philanthropy Mar. 12, 2021 01:25 PM EST

First grade teacher Bella Legault bends down to greet a nervous incoming student on the first day back at school for fifth-12th grade students at Foundation Preparatory School in New Orleans on Monday, Oct. 12, 2020. Because of coronavirus restrictions it was the first day of in-person learning for public school students in those grades in Orleans Parish. (Chris Granger/The Times-Picayune/The New Orleans Advocate via AP)
Louisiana school board asks lawmakers for larger K-12 boost

By Melinda Deslatte Mar. 10, 2021 02:37 PM EST

A man walks on the second floor of the New Mexico State Capitol building while emergency medical technicians wait to administer COVID-19 tests on Monday, Feb. 8, 2021, in Santa Fe, New Mexico. The building was closed to the public at the start of the pandemic. State leaders are holding most meetings virtually, with routine testing offered to legislators, staff members and the media. (AP Photo/Cedar Attanasio)
Legislature approves pandemic-relief loans to business

Feb. 25, 2021 11:01 PM EST

Ohio bill toughening welfare program eligibility criticized

Feb. 25, 2021 10:00 AM EST
COLUMBUS, Ohio (AP) — Social service advocates are criticizing an Ohio bill that would toughen eligibility for food stamps and Medicaid benefits. ...

Evers sign bill cutting taxes for businesses that took loans

Feb. 18, 2021 01:14 PM EST
MADISON, Wis. (AP) — Gov. Tony Evers on Thursday signed into law a bill that cuts taxes by nearly half a billion dollars for Wisconsin businesses that accepted...