| 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...
| 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...
| 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 17, 2014
| 7:47 AM
Nearly two-thirds of voters think the stock market is rigged against them and a majority believe Wall Street and big banks hurt average Americans, according to poll results from a pro-regulation group.
The survey by Better Markets, a nonprofit...
| Jul 23, 2014
| 1:16 PM
Federal and state officials filed lawsuits accusing dozens of companies of ripping off struggling homeowners by falsely promising help in avoiding foreclosures or lowering mortgage payments while collecting millions of dollars in illegal upfront fees....
| Jul 17, 2014
| 7:31 AM
The cost of getting a mortgage has leveled off, with Freddie Mac saying lenders were offering 30-year fixed-rate home loans this week at an average interest rate of 4.12%. That rate is little changed from the average of 4.15% over the last 10 weeks.
| Oct 26, 2014
| 8:28 PM
By most measures, the housing market should be roaring.
Prices are leveling off. Borrowing is cheap. Even the job market is recovering. And yet home sales are on pace to fall this year for the first time since 2010.
The torturous experience of home...
| Sep 2, 2014
| 3:00 AM
The dilemma facing the true grassroots tea party believers -- the dilemma they do not acknowledge -- is that their primary goal of whittling and whacking away at big government undercuts their secondary goal of saving the middle class from the greedy grip...
| Sep 25, 2014
| 1:40 PM
Federal regulators have ordered U.S. Bancorp to pay $57 million in restitution and penalties for charging customers for identity-protection and credit-monitoring services they never received.
The Consumer Financial Protection Bureau said Thursday that...
| Oct 17, 2014
| 11:14 AM
U.S. President Barack Obama signed an executive order on Friday to beef up security measures for federal credit cards, and urged banks and retailers to follow suit in an effort to combat the growing threat of identity fraud.
The order, which Obama signed...
| Oct 17, 2014
| 12:23 PM
The commander-in-chief says he was at a New York restaurant recently eating out with First Lady Michelle Obama during the United Nations General Assembly.
But when it came time to pay the bill, some poor waitress had to tell the president the bad news:...