Regulation
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(Updated, 1 p.m.) Bank of America Corp. agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis. more
The Rhode Island Hospitality Association says this year’s legislative session ended with the industry at least able to stay on an equal footing with other sectors. That’s thanks largely to defeat of both a bill that would have reduced the sales tax for most industries but not hospitality, and another measure to create a commission to study a minimum wage within the hospitality industry. more
GTECH S.p.A. announced Monday that U.S. authorities have approved early termination of the required antitrust waiting period related to GTECH’s pending acquisition of Las Vegas-based International Game Technology Inc. more
In 2014, the General Assembly considered new legislation to address environmental and land-use regulation in the state. Some of the new laws that passed follow in the footsteps of last year’s efforts to minimize the impacts of regulation, environmental and otherwise, on business. Such efforts continue to be important and critical to our economic growth. more
Will car-service apps Uber and Lyft be allowed to operate permanently and unregulated in Rhode Island? At this pace the state may never know. more
Bank of America Corp. is nearing a settlement with the U.S. Justice Department in which it will pay between $16 billion and $17 billion to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis more
Mayor Angel Taveras has signed an amendment to Providence’s zoning ordinance designed to block mixed-use development along the Allens Avenue waterfront and protect industrial uses there. more
Providence’s Federal Hill has an international reputation for fine dining and foodie retailing. It is a year-round feast celebrating not just Rhode Island’s Italian-American cuisine and culture, but those from subsequent waves of immigration. more
BOSTON – Gov. Deval L. Patrick late last month signed legislation that will prohibit the possession, sale, trade and distribution of shark fins. more
PROVIDENCE – A state senator is advocating for a safety plan for the city’s Federal Hill neighborhood in the wake of two violent incidents that occurred late last month. more
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