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Strategic defaulters have lost the incentive to pay. Something should be done to replace that incentive, not simply reduce debt.
April 24
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The CFPB is seeking information for a study about consumer arbitration clauses, viewed by observers as the first step toward imposing restrictions on the controversial provisions.
April 24 -
One of the nation's largest medical collection agencies allegedly placed employees in emergency rooms, cancer wards and delivery rooms to extract payments from patients before they were seen by medical staff, according to a report released Tuesday by Minnesota Attorney General Lori Swanson's office.
April 24 -
Senka Huskic is mad, very mad and wants you to share that anger. Think a "Network" kind of anger, a Howard Beale kind of anger, a genuine bona fide "I'm mad as hell and I’m not going to take it anymore" kind of anger.
April 24
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A program unveiled by two federal agencies Tuesday will allow banks to provide more than just loans to aspiring small-business owners.
April 24 -
In the House, the partisan debate over how to end the too-big-to-fail problem has become part of the argument over deficit reduction.
April 24 -
The chief financial officer of a collection agency in Kalispell, Mont. was sentenced to 21 months in federal prison for tax evasion and ordered to pay $159,000 in restitution, according to the U.S. Attorney's Office.
April 24 -
Goldman Sachs shareholders will decide next month whether to reelect board member James A. Johnson, a former CEO of Fannie Mae, who is facing vocal opposition from a large mutual fund investor.
April 24 -
Is it fair to give a 30% haircut to borrowers who put zero down, and not to their neighbors who put 30% down? Or to distribute taxpayer funds to five states with half the country's negative equity?
April 24
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Zions Bancorporation's (ZION) repayment of half of its funds from the Troubled Asset Relief Program tamped down earnings in the first quarter, but its core results still handily beat expectations.
April 23



