FCA says will update rules on crowdfunding
Crowdfunding platforms that offer loans should be regulated like mortgage lenders to improve safety and transparency for customers, Britain's Financial Conduct Authority said on Friday. The FCA was announcing the results of a public consultation into rules it introduced in 2014. "These include more prescriptive requirements on the content and timing of disclosures by both loan-based and investment-based crowdfunding platforms." The FCA said it will consult next year on additional rules to strengthen "wind-down" plans, additional requirements or restrictions on "cross-platform" investment, and extending mortgage-lending standards to loan-based platforms.
Officer slayings 'wreaked havoc' on rural Georgia community
What started as a 911 call reporting a domestic disturbance erupted in violence as two responding officers were struck by deadly gunfire ? leaving a rural Georgia community grieving and on edge as police hunted the attacker.
Right to the end, Trump campaign spent less than Clinton's
Trump picks fast food executive Andrew Puzder for Labor
President-elect Donald Trump plans to add another wealthy business person and elite donor to his Cabinet, saying he would nominate fast-food executive Andrew Puzder as labor secretary. Puzder heads CKE ...
Hong Kong's unpopular leader says will not run again
Hong Kong's unpopular leader Leung Chun-ying said Friday that he would not run again for office and would step down at the end of his term in July, citing family reasons. Leung said that he was taking the decision out of "responsibility as a father and a husband" and that it was not to do with his performance as leader.
Trump mobilizing Louisiana Republicans in final Senate race
NEW YORK (AP) ? Tending to party politics, President-elect Donald Trump is rallying supporters in Louisiana on Friday ahead of the state's Senate runoff election, aiming to pad the Republican majority he will inherit.
Coal-state Dems threaten gov't shutdown over aid for miners
WASHINGTON (AP) ? Hours to a government shutdown, coal-state Senate Democrats blocked swift action on a stopgap spending bill over benefits for retired miners and pressed President-elect Donald Trump, a self-proclaimed coal champion, to intervene with Republicans.
New coalition will push back on repeal of Obama health law
WASHINGTON (AP) ? Supporters of the 2010 health care law will launch a political coalition Friday to block its repeal. They're targeting Republican lawmakers whose constituents may now be at risk of losing health insurance.
Big business warns Trump against mass deportation
WASHINGTON (AP) ? Still grappling with Donald Trump's surprise election, the nation's business community has begun to pressure the president-elect to abandon campaign-trail pledges of mass deportation and other hardline immigration policies that some large employers fear would hurt the economy.
Trump praises Michigan GOP while weighing RNC chairman callDES MOINES, Iowa (AP) ? Donald Trump may have more than just his gratitude to offer in Michigan when he visits the state that capped his stunning presidential victory last month. Michigan Republican Party chairwoman Ronna Romney McDaniel is a leading contender for the Republican National Committee's chairmanship.