| 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...
| Jul 2, 2014
| 8:35 AM
A government watchdog criticized the Consumer Financial Protection Bureau's controversial headquarters renovation, whose price tag has risen to an estimated $216 million, saying there was not a "sound business case" for the project because the agency...
| Jun 19, 2014
| 11:05 AM
GE Capital agreed to pay $225 million to about 750,000 customers to settle federal allegations of deceptive and discriminatory credit card practices, federal officials said.
The claims included an accusation that the financial firm barred Latino...
| Jun 19, 2014
| 11:47 AM
A besieged chain of for-profit colleges based in Orange County is in danger of shutting down after the U.S. Department of Education levied new restrictions on its students' access to federal student aid.
Santa Ana-based Corinthian Colleges Inc., which...
| Jun 19, 2014
| 5:43 PM
A besieged chain of for-profit colleges based in Orange County has signaled that it is in danger of shutting down after the U.S. Department of Education sharply cut back its access to federal money for student loans and grants.
Plagued by complaints...
| 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...
| Aug 26, 2014
| 4:30 PM
Consumers paid an estimated $32 billion in overdraft fees on their debit accounts in 2013. But did you know that most of that revenue comes from customers who give the bank explicit permission to charge them?
The Consumer Financial Protection Bureau...
| Aug 13, 2014
| 6:15 PM
After months of financial uncertainty and battles with regulators, Corinthian Colleges Inc. told investors Wednesday about the prospect of a criminal investigation by federal prosecutors.
The beleaguered Orange County for-profit college company said...
| Aug 17, 2014
| 5:00 AM
A new federal court suit alleging kickback violations by one of the country's top-producing real estate sales teams raises an unsettling question for home buyers: Could your agent or broker be pocketing under the table large chunks of what you pay for...