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.
Nation Aug 16 Trump appoints student loan industry executive to be top loan watchdog It's a job designed to protect student loan borrowers from poor practices in the student loan industry and one of the few positions explicitly named in the Dodd-Frank Act, the law passed after the 2008 financial crisis that created the…
Nation Jul 30 What you need to know about the Capital One data breach The alleged hacker, Paige A. Thompson, obtained Social Security and bank account numbers in some instances, as well other information such as names, birthdates, credit scores and self-reported income, the bank said Monday.
Politics Apr 10 CEOs of big banks defend more resilient financial system since crash The heads of seven of the largest banks in the U.S. fielded sometimes contentious questions from a House committee Wednesday, some dealing with current risks to the financial system and other focused on more politically charged topics.
Economy Feb 06 Financial watchdog to gut its payday lending rules Consumer Financial Protection Bureau is getting rid of a requirement that lenders make sure borrowers could afford to repay a payday loan without being stuck in a cycle of debt, a standard known as "ability to repay."…
Education Aug 27 Nation's top student loan official resigns The government's top official overseeing the $1.5 trillion student loan market resigned in protest today, citing what he says is the White House's open hostility toward protecting the nation's millions of student loan borrowers.
Politics Jul 19 Trump's pick to run consumer watchdog faces skeptical Senate Kathy Kraninger, 43, was a relatively unknown mid-level bureaucrat working inside the Office of Management and Budget before being nominated by President Trump last month to lead the Consumer Financial Protection Bureau.
Economy Apr 20 Wells Fargo fined $1 billion for mortgage, auto lending abuses Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion…
Politics Nov 27 Who is the acting director of the Consumer Financial Protection Bureau? A judge has yet to rule Leandra English has filed a lawsuit seeking a temporary restraining order to block Mick Mulvaney from taking over the bureau.