Economy Jun 16 Millions fear eviction as housing crisis worsens Two studies released Wednesday found that the nation's housing availability and affordability crisis is expected to worsen significantly following the pandemic.
Politics May 18 Biden reverses Trump changes to bank antidiscrimination law The Office of the Comptroller of the Currency says it plans to start from scratch on its regulations involving the Community Reinvestment Act. The agency told banks to effectively ignore the 2020 changes.
Politics Mar 02 WATCH: Biden choice for watchdog agency makes debut in nomination hearing Chopra would be the third permanent director of the Consumer Financial Protection Bureau. He previously worked at the watchdog agency in its early days as the top official on student loan issues and is currently a Democratic commissioner on the…
Economy Sep 29 JPMorgan Chase to pay $920M in fines for manipulating bond, metals markets JPMorgan Chase admitted Tuesday to manipulating the markets for precious metals and U.S. Treasuries, agreeing to pay $920 million in fines and penalties for the illegal behavior.
Economy Apr 08 Fed eases limit on Wells Fargo to make more small business loans The Federal Reserve is lifting its lending restrictions on Wells Fargo after some of the bank's thousands of small business customers were shut out of a program that's supposed to throw them a financial lifeline.
Economy Apr 03 Government's relief program for small businesses off to a slow start The federal government’s relief program for small businesses is off to a slow start, with few businesses able to apply and some big banks saying they’re not ready to process applications.
Economy Feb 25 JPMorgan cuts back lending to coal companies and Arctic drillers The bank will only lend to power companies to build coal power plants when the design includes carbon capture technology and will not finance new projects involving oil and gas development in the Arctic.
Economy Feb 21 Wells Fargo to pay $3 billion to resolve disputes over unauthorized accounts The $3 billion will settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals.
Economy Feb 20 Morgan Stanley to buy E-Trade for $13 billion The deal is the latest chapter in Morgan Stanley's transformation from the scrappy, deal-doing, stock-trading investment bank to a more well-rounded financial firm.
Economy Dec 24 Wildfires cause turmoil in California property insurance market Thousands of homeowners have lost their insurance policies in the last few years as insurers pull out of areas that are at risk of fire damage or stop insuring homes altogether.