| Jan 14, 2014
| 7:11 AM
WASHINGTON -- The $1-trillion federal spending bill unveiled by congressional negotiators significantly reduces White House requests for funding of two key Wall Street watchdogs.
The Securities and Exchange Commission would get $1.35 billion for the...
| Dec 16, 2013
| 6:34 PM
Federal regulators on Monday sued Anaheim online lender CashCall Inc., accusing the company of unlawfully collecting money from borrowers.
The Consumer Financial Protection Bureau said CashCall violated federal lending laws in at least eight states...
| Aug 20, 2013
| 2:31 PM
WASHINGTON -- The federal government's consumer financial watchdog on Tuesday sued Morgan Drexen Inc., of Costa Mesa, alleging it charged more than 22,000 customers millions of dollars in illegal upfront fees to help them resolve outstanding debts....
| Aug 2, 2013
| 7:35 AM
WASHINGTON -- A federal judge has dismissed a lawsuit by a Texas bank, two free-market advocacy groups and 11 states against the Dodd-Frank Wall Street reform law, saying they did not show the likelihood of financial harm from the new government...
| Jan 14, 2014
Imagine the Dodgers have just won the pennant and are going to play the Yankees in the World Series. But the rules have changed: All games will be played in Yankee Stadium. And there are new umpires, hired and paid by the Yankees. With rules like that,...
| Sep 19, 2013
| 12:07 PM
WASHINGTON -- JPMorgan Chase & Co. has agreed to pay $389 million in refunds and penalties for illegally charging credit card customers for identity theft protection and other add-on services they didn't receive or authorize, federal regulators said...
| 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...
| Nov 20, 2013
| 11:41 AM
WASHINGTON -- In its first enforcement action against a payday lender, the Consumer Financial Protection Bureau on Wednesday fined Cash America International $5 million and ordered $14 million in refunds for overcharging customers, robo-signing...
| Jan 10, 2014
| 2:54 PM
Few of the nontraditional home loans that triggered the financial crisis are still available, and lenders will have even more reason to avoid them now that the Consumer Financial Protection Bureau’s definition of presumably safe and sound...
| Sep 27, 2013
| 6:28 PM
WASHINGTON — It's an issue that hasn't gotten much attention but should be a red alert for first-time buyers and others who supplement their incomes with part-time work: Though part-time earnings are playing an increasingly important role in the...
| Sep 29, 2013
| 2:30 PM
By Ilyce Glink and Samuel J. Tamkin
Q: We have been trying to buy a short sale for over a year and, due to so many errors by Freddie Mac and the bank that held the mortgage, it has now become a foreclosure. As you probably know, the rules constantly...