A Banco Santander SA unit will pay almost $25 million to two U.S. states, Massachusetts and Delaware, to resolve a joint investigation into predatory subprime auto loans that resulted in buyers owing thousands of dollars more than their cars were worth - the first such accord in the country.
The U.S. Securities and Exchange Commission on Wednesday reached a settlement with R.I. Commerce Corp., stemming from allegations that the state defrauded investors when issuing a 2010 municipal bond offering to finance the now-defunct video game company 38 Studios LLC.
Federal Reserve Chair Janet Yellen said challenges remain in the U.S. labor market, including concentrations of elevated joblessness in poor and minority communities, as she pushed for better education and training so the economy works for all Americans.
Women & Infants Hospital will receive $11 million in funding over five years through the National Institutes of Health Centers of Biomedical Research Excellence grant program to boost research related to women’s reproductive health.
Total general revenue cash collections rose 1 percent when comparing the fiscal year-over-fiscal year period through February, but fell 7.1 percent when comparing February with February 2016, the R.I. Department of Revenue said Tuesday.