| 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,...
| 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...
| Feb 26, 2014
| 11:29 AM
[Updated 1:45 p.m. PST Feb. 26: This post has been updated to include a response from ITT Educational Services and to reflect the closing stock price.]
In its first action against a company in the for-profit college industry, the federal Consumer...
| Feb 6, 2014
| 9:22 AM
Federal regulators are investigating for-profit college chain Corinthian Colleges Inc. for falsifying job-placement rates, adding to at least a dozen other state and federal investigations into the company's business practices, Corinthian disclosed in...
| 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...
| Oct 23, 2013
| 7:18 AM
Wells Fargo and its private student lending division have produced the free “Five Steps to Financial Aid” video series to educate students and their families on ways to pay for college.
It has already gotten more than 1.1 million views...
| Nov 3, 2013
When Congress passed the Dodd-Frank law in 2010, it included a little-noticed provision requiring financial companies and banks to provide greater disclosure to customers sending money overseas. Last week, the new rules took effect, guaranteeing consumers...
| Nov 5, 2013
| 11:12 AM
A little-noticed yet significant report card was issued recently measuring the progress of the fledgling Consumer Financial Protection Bureau thus far.
The report by a Bipartisan Policy Center task force comes after almost a year's worth of in-depth...
| Nov 13, 2013
| 5:15 AM
The federal Bureau of Consumer Financial Protection has no congressional oversight, is supposed to be 10 times larger than the already corrupt IRS, and has no budget ("Consumer Financial Protection Bureau is doing its job," Nov. 9).