| May 5, 2014
| 8:30 AM
It doesn't always pay for young borrowers to add parents, grandparents or other relatives as co-signers to get a lower interest rate on a student loan from a bank.
In some cases, when the co-signer dies or falls into bankruptcy, the action may trigger an...
| 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...
| Jul 14, 2014
| 9:30 AM
Illinois Attorney General Lisa Madigan filed two lawsuits Monday against debt-settlement firms that she claimed perpetrated “scams” against consumers trying to pay off their student loans.
The two lawsuits filed Monday make Illinois the...
| Jul 18, 2014
| 9:54 AM
Savvy consumers who want to check out a product or business to see if it's worth their hard-earned dollars have plenty of places to go online to search for information. But while there's plenty of data out there, it's often too vague to draw conclusions....
| Jul 18, 2014
| 2:09 PM
As the 2016 presidential race approaches, Massachusetts Sen. Elizabeth Warren may be entering a different phase of her career — one in which she’s beating back lots of unwanted attention.
On Friday morning in Detroit, a crowd of liberal...
| Jul 22, 2014
| 5:34 PM
The single biggest cause of personal bankruptcy in the United States isn't job loss or irresponsible use of credit. It's medical expenses.
An analysis this year by NerdWallet Health found that about 60% of all bankruptcies are health related. And a...
| Jul 4, 2014
| 10:55 AM
Corinthian Colleges Inc., the troubled for-profit college corporation, announced it will sell off the vast majority of its campuses over the next six months amid heightened scrutiny from the federal government.
As part of an agreement late Thursday with...
| Jul 10, 2014
| 5:45 PM
Consumer advocates have long warned that payday lenders purposely try to lure borrowers into an expensive and debilitating cycle of debt. Now, the nation's consumer financial watchdog says it has proof.
The Consumer Financial Protection Bureau accused a...
| 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....
| Jun 23, 2014
| 8:00 PM
Corinthian Colleges Inc., the troubled Orange County for-profit college corporation, has cut a deal with the federal government that's likely to force the sale of many schools and the closure of others.
The agreement keeps the doors open for now at more...
| Jun 27, 2014
| 12:49 PM
If I were Consumer Financial Protection Bureau Director Richard Cordray, I might be rethinking my retirement plans.
Cordray is only 55, so it'll be a few years before the AARP inundates him with solicitations. But he may be the last director to win...