Trump signs most significant decrease in bank regulations since financial crisis

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppOn Thursday, President Donald Trump signed a bill easing bank regulations for most banks, excluding the biggest names on the market. This is the most significant rollback on law regulations for these institutions since the global financial crisis. The reforms have made notable changes from the Dodd-Frank laws. With both chambers of the Congress passing it, the bill has received bipartisan support. This procedure, however, has received mixed opinions, with supporters saying that it will take away unnecessary requirements for small and…

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Lawsuit accuses Facebook of having used apps for data gathering, engaging in mass surveillance

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppA court case in California has accused Facebook to have used its apps to gather information and data about users and their connections, including people who don’t have an account, engaging in mass surveillance. This included reading through messages, accessing to locations and photos in their mobile devices. Although a spokesperson from Facebook has stated that the claims “have no merit, and we will continue to defend ourselves vigorously”, whether the company has been engaged in practices of surveillance or not has yet…

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President Trump loosens bank regulations

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppCongress reaches bipartisan agreement on bank regulations On Thursday, President Trump rolled back regulations on small- and mid-size banks. The Obama administration signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (abbreviated as Dodd-Frank) to increase financial stability after the 2007-2008 financial crisis. Dodd-Frank was successful in stabilizing the economy, but critics believed that it halted economic growth. The rollback on the bill passed in both the House of Representatives and Senate with bipartisan support. President Trump stated in a press…

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Migrant is shot and killed by Border Patrol agents near the Texas border

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppA migrant was shot and killed in the Mexican-Texas border by an agent of the U.S. border patrol, according to the U.S. Customs and Border Protection. During 1:30 p.m. (ET) on this past Wednesday, the agent was given a report notifying of “illegal activity” on a channel near Rio Bravo, in the Webb County. When he got to the indicated place, he spotted a group of migrants. The agency has notified that the agent “came under attack by multiple subjects” as he…

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A Dot Is Added: Michael Cohen met with a Russian oligarch at Trump Tower

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppOn January 9th, 2017, Michael Cohen sanctioned and met with Viktor Vekselberg at Trump Tower, according to CNN. Nowadays Cohen is already dealing with many issues. Meanwhile Vekselberg is a Russian oligarch, a term used to describe a business leader with political influence. He is the chairman of Renova Group, a Russian asset manager. Vekselberg was questioned by Robert Mueller’s investigative team after the FBI stopped his private jet from leaving New York earlier in 2018. Someone else who was a part…

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