| Aug 20, 2013
| 2:31 PM
WASHINGTON -- The federal government's consumer financial watchdog on Tuesday sued Morgan Drexen Inc., of Costa Mesa, alleging it charged more than 22,000 customers millions of dollars in illegal upfront fees to help them resolve outstanding debts....
| Aug 2, 2013
| 7:35 AM
WASHINGTON -- A federal judge has dismissed a lawsuit by a Texas bank, two free-market advocacy groups and 11 states against the Dodd-Frank Wall Street reform law, saying they did not show the likelihood of financial harm from the new government...
| Jul 16, 2013
| 9:09 AM
WASHINGTON -- The Senate on Tuesday cleared the way for Richard Cordray to be confirmed as director of the Consumer Financial Protection Bureau after Democrats and Republicans struck a tentative agreement to avoid a confrontation over the use of...
| Jul 17, 2013
| 9:53 AM
WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke on Wednesday admitted there has been some confusion as the central bank has tried to explain plans to scale back its stimulus policies, but said he thought financial markets were "beginning to...
| Jul 16, 2013
| 11:29 AM
In a now-familiar routine in Washington, lawmakers walked right up to the brink of disaster Monday, only to pull back Tuesday. This time, though, the source of the drama was the Senate, where Majority Leader Harry Reid (D-Nev.) threatened to end the...
| Jul 9, 2013
| 5:05 PM
WASHINGTON – A key Republican senator has dropped his objection to Gina McCarthy’s confirmation to lead the Environmental Protection Agency, potentially clearing her path as Republicans seek to head off Democratic efforts to change Senate...
| Jul 18, 2013
| 10:01 AM
WASHINGTON — Thomas E. Perez was confirmed as secretary of Labor on Thursday, ending a long battle over his nomination in a key test of this week’s deal to end a showdown over Senate rules.
Perez, currently the nation’s top civil...
| Aug 21, 2013
| 4:23 PM
The Consumer Financial Protection Bureau issued a report Wednesday that says banks and nonbanks have problems handling mortgages. The report cites sloppy account transfers and poor payment processing. “Our examinations of banks and nonbanks allow us...
| Jun 11, 2013
| 4:29 PM
A federal agency has added complaints about credit reports to its growing public database of complaints about financial matters. You can search the database to see if other people are having the same problems as you, and whether they were......
| Jan 10, 2013
| 4:28 PM
A federal agency is scheduled to announce new rules today governing how future mortgages can be made. The centerpiece of the rules is making sure borrowers can afford to repay the loans. Shouldn't that always have been the case? That's......
| Mar 12, 2013
| 4:28 PM
The Consumer Financial Protection Bureau has a director only because the president went around Congress and seated Richard Cordray through a recess appointment. Cordray, a former Ohio attorney general, was up for nomination again today, and the...
| Oct 1, 2012
| 4:27 PM
American Express is the latest bank to be accused of illegal credit card practices. Some cardholders may be entitled to refunds. The Consumer Financial Protection Bureau said today it issued orders requiring three American Express subsidiaries to refund...