| May 8, 2014
| 7:24 PM
It isn't often that one hears the word "stellar" used to describe a federal form.
Nevertheless, that's the term Annetta Cheek, a leading advocate of clarity in how government communicates with citizens, uses to praise the form that took the Grand...
| Jun 23, 2014
| 4:45 PM
A South Dakota-based payday lender and its California partner are to pay about $2 million under the terms of a settlement designed to address "abusive" lending and collection activities, the Department of Labor, Licensing and Regulation said Monday....
| May 13, 2014
About 60,000 service members will receive a cut of $96 million in settlements that federal regulators announced Tuesday with student loan servicer Sallie Mae over allegations that its terms violated service members' rights. Authorities alleged Sallie...
| Dec 30, 2013
| 2:30 AM
The end of the year is a time to review the year that just was. If, like me, you write about the financial services industry, this means you tend to find yourself drinking heavily and/or upping your blood-pressure medication as you total the year's supply...
| Jan 22, 2014
| 10:30 AM
Big changes are sweeping through the mortgage market this year. The new rules, created by the Consumer Financial Protection Bureau (CFPB) as mandated under the Dodd-Frank Act, ban some of the lending practices that contributed to the housing boom and...
| Dec 24, 2013
| 8:54 AM
Three American Express Co. subsidiaries have agreed to pay about $75 million in restitution and penalties for a variety of illegal practices involving hundreds of thousands of credit-card customers, regulators said Tuesday.
American Express Travel...
| Dec 26, 2013
| 3:15 PM
Federal regulators are taking a closer look at those restrictive contract provisions that force consumers to arbitrate disputes — barring them from suing a company individually or joining a class-action lawsuit.
And it doesn't look as if officials...
| Dec 31, 2013
The Consumer Finance Protection Bureau recently brought its first lawsuit against an online lender, accusing CashCall of collecting payments that borrowers didn't owe. The suit sets up a fight over the new bureau's jurisdiction, but it's one the bureau...
| Jan 9, 2014
| 8:04 AM
Mortgage rates leveled off in familiar territory this week, home finance giant Freddie Mac said, with lenders offering 30-year fixed loans to solid buyers at an average of 4.51%, down from 4.53% last week.
Fifteen-year fixed mortgages, popular with...
| Jan 12, 2014
| 5:00 AM
WASHINGTON — The federal government has a real estate question for consumers who have bought or refinanced homes that's certain to generate more than an earful: Were there any problems when you went to close the deal?
Any last-minute glitches or...
| Jan 12, 2014
| 5:00 AM
I am an unintended consequence.
I have loads of money. I own four properties free and clear. I have no debt. My credit file is impeccable. I have a credit score of 760.
And I was just turned down for a mortgage.
Not just any mortgage, but a cash-out...