House panel plans hearing on retailers' banks
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The U.S. House Financial Services Committee plans a March 22 hearing on whether to close the federal banking loophole that allows retailers such as Wal-Mart Stores Inc. and Home Depot Inc. to operate banks, sources familiar with the matter said on Friday.
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A court hearing is set to decide whether ailing supermarket chain Kwik Save can keep trading.
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House leaders on Wednesday announced a task force to examine whether an outside panel should investigate ethics problems involving House members
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WASHINGTON -- The head of the House Financial Services Committee and 21 other Democrats yesterday proposed legislation to give shareholders at public companies a formal say in executives' compensation packages.
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A senior House Democrat warned the Federal Reserve on Wednesday to protect consumers against unfair banking and mortgage practices or Congress will give that power to another federal agency.
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The U.S. Senate Banking Committee  will hold a hearing on student loans and college affordability  on June 6, the panel said on Friday.
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With holiday shopping in full swing, U.S. banking regulators on Tuesday urged consumers to carefully check the terms and conditions when buying gift cards, including fees and expiration dates.
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Mortgage brokers and other loan sellers would be named in a national database under legislation introduced Thursday by the top Republican on a U.S. House of Representatives financial panel.
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Home Depot Inc. , facing falling profit and a regulatory probe about its options practices, said on Monday an investment firm plans to propose that a special committee of independent directors review the company's strategy.
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The U.S. House of Representatives may vote on a pretexting bill that would allow the FTC to fine companies that engage in the practice.
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Fannie Mae, the US largest government-ruled mortgage lender, sees the continuation of the investigation on possible accounting violations and possible next weekâs testimony of its former employee at a Congressional hearing.
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At a Senate Banking Committee hearing yesterday, legislators and consumer advocates prodded federal banking regulators to move more quickly to put restrictions on non-traditional mortgage lending, because, they said, the new kinds of mortgages may place borrowers and lenders at financial risk.
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Stock investors will look to earnings  reports from retailers Federated Department Stores Inc.   and Target Corp.  this week as well as new soundings on  consumer sentiment as they to try to get a handle on the state  of the U.S. economy.
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In a hearing on the national flu vaccine shortage, the House Energy and Commerce Subcommittee on Health on Thursday requested that FDA, HHS and flu vaccine manufacturer Chiron by Dec. 1 produce documents detailing
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The U.S. Food and Drug Administration said on Friday it would hold a hearing to consider a consumer group's petition that the agency tighten regulations and labeling for salt in food.
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The United States Senate Committee on Commerce, Science and Transportation announced that it would hold a hearing Sept. 18 to examine the compensation system for retired players in the N.F.L.
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A U.S. House of Representatives panel said on Monday it will hold a hearing on Friday to look at Internet gambling, which is effectively banned in the United States.