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After receiving thousands of complaints from consumers, the Consumer Financial Protection Bureau is encouraging private student lenders and the government to help lower payments for borrowers.
May 10
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Fed Chairman Ben Bernanke highlighted ongoing efforts to monitor threats and vulnerabilities in four critical areas: systemically important financial institutions, shadow banking, asset markets, and the nonfinancial sector.
May 10 -
Banks, conflicted by moral hazard, will always fight for maximum FDIC coverage at the least possible cost, since the FDIC is ultimately backed by Other Peoples Money.
May 10 -
A debt settlement firm and its owner were charged with mail fraud, wire fraud and conspiracy in what prosecutors call a four-year scheme that bilked customers to pay expenses at a nightclub, luxury car leases and credit card bills.
May 10 -
California accused JPMorgan of illegal tactics to sue thousands of credit card borrowers behind on their debts, including "robo-signing."
May 10 -
The masterminds behind the recent crime spree that netted $45 million in fraudulent ATM withdrawals focused their attention on prepaid cards, highlighting yet another risk banks face when offering such products.
May 10 -
Federal Reserve Board Gov. Elizabeth Duke expressed concerns Thursday that new mortgage rules released in January could hold back the flow of credit for weaker borrowers in the current "murky" mortgage market.
May 9 -
California accused JPMorgan of illegal tactics to sue thousands of credit card borrowers behind on their debts, including "robo-signing."
May 9 -
International regulators and the institutions they supervise are objecting to a proposal by the Federal Reserve Board that would toughen oversight of foreign institutions operating in the U.S.
May 9 -
Federal Housing Finance Agency Acting Director Edward DeMarco outlined two strategies on Thursday to help draw private capital into the housing market to replace Fannie Mae and Freddie Mac.
May 9
