| Jun 4, 2014
| 11:32 AM
Three of the nation's financial regulators on Wednesday launched a broad effort to identify rules that are unnecessary or too burdensome for banks.
Under a 1996 law, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the...
| Jun 12, 2014
| 12:00 PM
Repaying student loans can be a drag — and not just on your own finances.
This month, the Senate Budget Committee held a hearing on the effect of student debt on U.S. economic growth. The hearing follows a growing body of research that suggests...
| 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
| 11:29 AM
ACE Cash Express, a leading payday lender, has agreed to pay $10 million to settle federal allegations it used false threats of lawsuits and other illegal tactics to pressure customers with overdue loans to borrow more to pay them off.
| 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...
| May 28, 2014
| 11:32 AM
Car shopping? Better start loan shopping too, or you might pay a higher interest rate than you qualify for.
Dealers are allowed to mark up interest rates on loans they arrange, usually without the knowledge of consumers. Nearly four out of five new-...
| Mar 17, 2014
| 7:43 PM
California victims of alleged foreclosure abuses will get $268 million in relief from a $2.1-billion national settlement with Ocwen Financial Corp., the nation's largest non-bank provider of mortgage customer service.
Ocwen broke state law by improperly...
| 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...
| Apr 9, 2014
| 11:15 AM
WASHINGTON -- Bank of America Corp. has agreed to refund customers $727 million and pay $45 million in fines for illegal credit card practices, according to a settlement with federal regulators announced Wednesday.
The refunds will go to as many as 2....
| Apr 22, 2014
| 11:32 AM
A new report released Tuesday by the Consumer Financial Protection Bureau is warning borrowers of a catch that is pushing private student loans into default even if the loan is in good standing.
The federal consumer agency said that borrowers complain...
| May 19, 2014
| 9:23 PM
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...