| Jul 31, 2014
| 3:40 PM
WASHINGTON (Reuters) - Consumers who opt in for bank overdraft protection end up paying more than double for small purchases, a U.S. consumer watchdog warned on Thursday, giving banks a fee bonanza when checking accounts are short of funds.
A study by...
| Jul 30, 2014
| 5:05 AM
Now that consumers can use digital currencies like bitcoin to buy rugs from Overstock.com, pay for Peruvian pork sandwiches from a food truck in Washington, D.C., and even make donations to political action committees, states are beginning to explore...
| 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 14, 2014
| 10:05 AM
Two companies offering borrowers help with student debt are running scams, according to Illinois Attorney General Lisa Madigan, making victims pay up front for sketchy solutions to problems that government programs could help solve for free.
| Jul 15, 2014
After injuring her back on the job and getting a stomach illness, Sharone Brown of Chicago had trouble making her student loan payments, even after she sold her condo.
Then she heard a radio ad from a debt-settlement company. The firm told her it...
| 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-...
| 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...
| 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 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 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...