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  • Business Highlights

  • Obama defends consumer agency as it unveils controversial payday loan rules

    BIRMINGHAM, Ala. President Barack Obama leaped to the defense of the Consumer Financial Protection Bureau on Thursday as the beleaguered federal watchdog agency unveiled proposed federal regulations to rein in payday lending. The proposed rules...

    Business events scheduled for the coming week

    All times are Eastern. MONDAY, March 30 WASHINGTON — Commerce Department releases personal income and spending for February, 8:30 a.m.; National Association of Realtors releases pending home sales index for February, 10 a.m. TUESDAY, March 31...

    Va. AG Herring launching effort aimed at predatory lending

    Virginia Attorney General Mark Herring is launching an effort aimed at combatting predatory lending. Herring announced the move Thursday at a field hearing of the federal Consumer Financial Protection Bureau in Richmond. The agency announced proposed...

    Wells Fargo cutting 1,000 home loan servicing jobs

    MILWAUKEE Wells Fargo & Co. said Wednesday it is planning to close its home loan servicing operation in Milwaukee this summer, eliminating about 1,000 jobs. Jim Hines, assistant vice president of consumer lending communications, said the company told...