Ken’s Recent Stories
Economy Nov 26Stocks sink on new COVID variant. Dow loses 905 points
Stocks are closing sharply lower on Wall Street Friday, after a coronavirus variant from South Africa appeared to be spreading across the globe and the European Union proposed suspending air travel from southern Africa.
Politics Nov 17Biden’s nominee for bank regulator faces hostile opposition
Banks are opposed because her previous criticism of the banking industry makes them fearful she will be a tough regulator for Wall Street.
Economy Oct 21Regulator seeks transparency for payment systems of big tech
In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function.
Economy Jun 16Millions fear eviction as housing crisis worsens
Two studies released Wednesday found that the nation's housing availability and affordability crisis is expected to worsen significantly following the pandemic.
Politics May 18Biden reverses Trump changes to bank antidiscrimination law
The Office of the Comptroller of the Currency says it plans to start from scratch on its regulations involving the Community Reinvestment Act. The agency told banks to effectively ignore the 2020 changes.
Politics Mar 02WATCH: Biden choice for watchdog agency makes debut in nomination hearing
Chopra would be the third permanent director of the Consumer Financial Protection Bureau. He previously worked at the watchdog agency in its early days as the top official on student loan issues and is currently a Democratic commissioner on the…
Economy Sep 29JPMorgan Chase to pay $920M in fines for manipulating bond, metals markets
JPMorgan Chase admitted Tuesday to manipulating the markets for precious metals and U.S. Treasuries, agreeing to pay $920 million in fines and penalties for the illegal behavior.
Economy Apr 08Fed eases limit on Wells Fargo to make more small business loans
The Federal Reserve is lifting its lending restrictions on Wells Fargo after some of the bank's thousands of small business customers were shut out of a program that's supposed to throw them a financial lifeline.
Economy Apr 03Government’s relief program for small businesses off to a slow start
The federal government’s relief program for small businesses is off to a slow start, with few businesses able to apply and some big banks saying they’re not ready to process applications.
Economy Feb 25JPMorgan cuts back lending to coal companies and Arctic drillers
The bank will only lend to power companies to build coal power plants when the design includes carbon capture technology and will not finance new projects involving oil and gas development in the Arctic.