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Business - Exclusive: New York financial regulator gearing up to probe online lenders - source

New York state`s financial regulator, which recently launched a probe into LendingClub Corp, is preparing to look into the activities at other online lenders and whether they should be licensed in New York, a person familiar with the matter said on Wednesday. The New York Department of Financial Services (NYDFS) has not yet established which companies it may target, but information it receives in response to a May 17 subpoena sent to LendingClub, one of the largest online lending services, could shed light on broader industry practices that require scrutiny, said the person, who was not authorized to discuss the issue publicly. Last week, NYDFS subpoenaed San-Francisco based LendingClub, a so-called peer-to-peer lender, asking for information about loans it issued to New Yorkers since May 17, 2013.

Thursday, May 26, 2016  10:13


World - Australian family facing deportation underlines UK government immigration headache

An Australian family living in Scotland, who came to the country four years ago during a drive to attract people to live in rural areas, now faces deportation under new British rules designed to control immigration. The Brains were due to meet Scottish First Minister Nicola Sturgeon on Thursday to discuss the rules which one lawmaker of her Scottish Nationalist Party (SNP) described as a `blunt instrument`. Kathryn and Gregg Brain and their seven-year-old son Lachlan, who has learned Scotland`s ancient Gaelic language at school, arrived in 2011 as part of a plan backed by the British government to help prop up an aging and shrinking population in northern Scotland.

Thursday, May 26, 2016  11:02


Asia-Pacific - Man extradited over 2011 double murder

A man is extradited from Pakistan and charged with the murders of two men who were discovered dead near Bradford five years ago.

Thursday, May 19, 2016  15:46


Sports - Former NFL rusher Best will take a run at Rio

Former Detroit Lions running back Jahvid Best, whose NFL career was cut short by concussions, is trying to qualify for the 2016 Rio de Janeiro Olympics as a sprinter for St. Lucia. Best was a first-round pick in the 2010 NFL Draft and played two seasons for the Lions, who snapped a 10-year run of losing seasons in 2011, his final season. Best, 27, ran for 945 yards and six touchdowns over 22 games, but mutiple concussions in 2011 ended his career.

Thursday, May 19, 2016  22:01


Top Stories - Remembrance and celebration mark Joplin tornado anniversary

On May 22, 2011, 161 people were killed when an EF-5 tornado tore through the Missouri town.

Monday, May 23, 2016  12:51


World - Germany, France hold back NATO, EU ambitions in Libya

By Robin Emmott BRUSSELS (Reuters) - Europe`s bold intentions to support Libya`s new U.N.-backed government are faltering as France and Germany resist a bigger role to rebuild the failed state, scarred by the West`s 2011 air campaign to help topple dictator Muammar Gaddafi. The European Union and NATO have said they stand ready to help the unity government in Tripoli, if requested, to combat smugglers sending migrants into the Mediterranean toward Europe. Tripoli, for its part, faces a threat from Islamic State fighters who exploited past conflict between rival governments to extend their power.

Wednesday, May 25, 2016  11:25


Sports - Former NFL star Smith had brain damage

Super Bowl-winning defensive end Charles `Bubba` Smith was suffering from the brain disease chronic traumatic encephalopathy (CTE) at the time of his death in 2011, a report revealed on Tuesday. Smith, who forged a successful acting career following his playing days, appearing in the hit `Police Academy` movies, is among 90 former NFL players found to have CTE, the Concussion Legacy Foundation reported on its website. Researchers at Boston University who studied Smith`s brain said the player showed symptoms of suffering from Stage 3 (out of 4) CTE, a severe level of the condition.

Tuesday, May 24, 2016  20:01


Business - Apple rehires prominent security pro as encryption fight boils

By Joseph Menn SAN FRANCISCO (Reuters) - Apple Inc , which has resisted pressure from U.S. law enforcement to unlock encrypted iPhones, this month rehired a top expert in practical cryptography to bring more powerful security features to a wide range of consumer products. Jon Callas, who co-founded several well-respected secure communications companies including PGP Corp, Silent Circle and Blackphone, rejoined Apple in May, an Apple spokesman said. Callas had worked at Apple in the 1990s and again between 2009 and 2011, when he designed an encryption system to protect data stored on a Macintosh computer.

Tuesday, May 24, 2016  19:42


World - Key stages in the war against IS

In neighbouring Iraq, government forces have also launched an offensive to recapture Fallujah, a key IS stronghold west of Baghdad. On August 8, 2014, US jets strike IS positions in northern Iraq in response to an appeal from Baghdad, in the first American military operation in the country since troops withdrew in late 2011. Already entrenched in neighbouring Syria, IS seized swathes of Iraqi territory in a lightning offensive launched in June 2014 and marked by a complete collapse of the security forces.

Tuesday, May 24, 2016  17:49


Business - Financial tech startups compete for overlooked U.S. immigrant market

By Gabriel Stargardter MEXICO CITY (Reuters) - For two decades, Noe Sanchez sent money from California to his father in Mexico City through storefront outlets of traditional remittance firms such as Western Union. Now he grabs his smartphone and uses Remitly, one of several new competing mobile apps promoting cheap and quick international transfers. Founded in 2011 and backed by Inc Chief Executive Jeff Bezos`s venture capital arm, Remitly is among a vanguard of financial technology, or fintech, companies targeting what they view as an underserved immigrant market - traditionally disregarded as high-risk and low-margin.

Tuesday, May 24, 2016  11:24

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