WASHINGTON - Sen. Elizabeth Warren has launched a campaign to make banks boring again as she pushes legislation to enact stricter regulations forcing deposit-taking financial institutions out of the investment business.
WASHINGTON - Republicans sharply criticized Attorney General Eric Holder on Sunday for his handling of an investigation into a possible leak of classified information to a Fox News reporter, suggesting that Holder lied to Congress last month in testifying that he was unaware of any potential…
At the same time American International Group Inc. has been running high-profile ads thanking America for the bailout that saved the company, the insurance giant reportedly is considering joining a shareholder suit against the U.S. government for the rescue.
WASHINGTON - The four largest U.S. rental-car companies have agreed not to rent or sell vehicles that have been recalled.
The nation's largest banks have provided nearly 140,000 homeowners with a total of $10.6 billion in relief under a $25 billion national settlement reached in February, the monitor for the agreement said Wednesday.
WASHINGTON - The Consumer Financial Protection Bureau is launching a database that tracks which large banks have had the most complaints about their credit cards and how they were resolved - information some industry trade groups don't want made public.
WASHINGTON - The Treasury Department has sold the last of $225 billion in mortgage-backed securities it began buying during the financial crisis and announced the program designed to keep the housing finance market afloat made a $25 billion profit.
WASHINGTON - President Obama wants to significantly lower the
top corporate income tax rate to 28 percent as part of a broad
overhaul that would raise an additional $250 billion from
businesses over the next decade by eliminating many loopholes and
other breaks, according to a senior adminis…
The publisher of Consumer Reports magazine called on Facebook
Inc. to beef up efforts to keep underage users off the
social-networking site, but CEO Mark Zuckerberg said he would like
children to be able to use the site in the future as an educational
WASHINGTON - The Obama administration released its long-awaited
proposal for overhauling the mortgage market on Friday, calling for
gradually shutting down bailed-out mortgage giants Fannie Mae and
Freddie Mac, and reducing the government's now-huge role in housing
WASHINGTON - The federal government wants to say goodbye to the
paper tax-refund check, and on Thursday it launched a pilot program
to let some people receive their money on a debit card.
WASHINGTON - In a highly controversial vote Tuesday, the Federal
Communications Commission approved new regulations for Internet
access designed to prevent large telecommunications companies from
WASHINGTON - The government has helped millions of Americans
avoid annoying phone calls from telemarketers. Now, momentum is
growing in Washington to give consumers the same power to block
companies from tracking their every movement on the Internet.