By Joseph Lawler | 10/01/14 11:33 AM
In an interview Wednesday, Warren said the recordings reveal "that the relationship between regulators and the financial institutions they oversee is too cozy to provide the kind of tough oversight that's really needed."
By Joseph Lawler | 09/30/14 07:29 PM
"When you're talking about millions of hours wasted filling out forms, and hundreds of forms you can't submit online, it's sort of shocking," said the study's author, AAF director of regulatory policy Sam Batkins.
By Richard Pollock | 09/30/14 03:25 PM
An activist group that has been waging an aggressive advertising campaign against "shady tactics" of payday lenders may have misled consumers when it used the logo of the Consumer Financial Protection Bureau in an advocacy video without the agency's permission.
By Joseph Lawler | 09/29/14 07:18 PM
Mark Calabria, the director of financial regulation studies at the Cato Institute, said, "I suspect the suspicion that AIG was assisted to help its counter-parties will be reinforced. I suspect we will also learn that the regulators were making it all up as they went along."
09/29/14 02:00 PM
LOS ANGELES (AP) — The penalty for using an ATM that is not affiliated with your bank rose 5 percent over the past year. The average fee for using an out-of-network ATM climbed to a new high of $4.35 per transaction, according to a survey released Monday by Bankrate.com. That figure includes...
By Sean Higgins | 09/29/14 01:08 PM
Soaring levels of student loan debt are not only burdening recent graduates but have created entire generations that aren't able to save and invest, potentially hurting long-term economic growth.
By Joseph Lawler | 09/29/14 11:42 AM
The Geneva Report on the World Economy published Monday notes that, contrary to popular belief, the world is becoming more indebted in the wake of the debt-fueled 2008 financial crisis, not less.
By Charles Hoskinson | 09/22/14 01:27 PM
A new nonprofit that was established Monday seeks to "name and shame" the sources of financing for Islamist extremist groups and bring public pressure to cut them off.
By Susan Ferrechio | 09/22/14 12:59 PM
In a report issued Monday, the GAO said the IRS stopped $24.2 billion in theft, but the extent of the fraud is "unknown."
By Joseph Lawler | 09/19/14 04:08 PM
The liquidity coverage rule would require banks to hold enough safe, liquid assets that would be sellable even in a crisis to fund their operations for at least 30 days.
By Joseph Lawler | 09/18/14 05:43 PM
Home Depot said "criminals used unique, custom-built malware to evade detection" and steal customers' information between April and September.
09/18/14 04:30 PM
NEW YORK (AP) — In a high-stakes legal offshoot of the Israeli-Palestinian conflict, a U.S. jury was asked Thursday to decide whether executives at Jordan-based Arab Bank should be held responsible for a wave of suicide bombings in the early 2000s that left several Americans dead or wounded. A...
By Joseph Lawler | 09/18/14 10:18 AM
The Fed chairwoman noted that families are still struggling in the wake of the recession, even though the economy has steadily, if slowly, improved.
09/16/14 11:53 AM
CHARLOTTE, N.C. (Legal Newsline) – With the unsealing process in the Garlock Sealing Technologies bankruptcy proceeding ongoing, attorney Mark Plevin has detailed the importance of access to the protected evidence that led to Bankruptcy Judge George Hodges’ landmark decision. Plevin’s article,...
By Joseph Lawler | 09/12/14 04:33 PM
The Federal Reserve is taking new steps to guard against again being caught by surprise by threats to the financial system.
By Paul Bedard | 10/01/14
By Paul Bedard | 10/01/14
By Paul Bedard | 09/30/14
By Susan Crabtree | 10/01/14
By Susan Crabtree | 09/30/14