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CFPB's next target: overdraft practices
Next on the Consumer Financial Protection Bureau’s to-do list: banks’ overdraft practices. Overdrafts occur when you spend more than you have in your bank account. The bank will cover those overdrafts for a fee that can run from $30 to $35....Tags: U.S. Consumer Financial Protection Bureau, Consumers, Personal Income
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Local woman says she was 'ripped off' after filing for refund anticipation loan
“Ripped off, taken, scammed,” said Ashley Everman, about how she felt after trying to get a rapid anticipation loan, which she thought would provide her with $1,500 within 24 hours of filing her taxes.
She said she did not find out until...Tags: Internal Revenue Service, Jackson Hewitt Tax Service Incorporated, Business, Bill Thomas, Computing and Information Technology Industry
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Consumer protection bills introduced
State Sen. Juan Vargas, D-Chula Vista, announced he has introduced three bills intended to help protect homeowners and provide transparency for investors. The chairman of the Senate Banking and Financial Institutions Committee is pushing forward Senate...Tags: Juan Vargas, Politics, Financial and Business Services, Business Institutions
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A chance to right an old wrong
President Barack Obama's recess appointment to direct the Consumer Financial Protection Bureau (CFPB), Richard Cordray, wasted no time in announcing the watchdog agency's "nonbank supervision program." Bringing nonbank mortgage lenders more fully and...Tags: Regulatory Policy and Organizations, College Park (Prince George's, Maryland), Economy, Business and Finance, Consumers, U.S. Consumer Financial Protection Bureau
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Obama's speech highlights new 'living will' rule for big banks
When President Barack Obama said in his State of the Union speech Tuesday that big banks are "required to write out a living will," it was the first time that many Americans had heard of the banking rule.
Obama, who appears to be in re-election mode,...Tags: Bankruptcy, Discover Financial Services, Chicago Tribune, Economy, Business and Finance, Crime, Law and Justice
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Got a gift card you don't use or want? Sell it
We want gift cards and like to give them, but for some reason we don't always use them and wind up wasting billions of dollars.
A recent poll by Consumer Reports, for instance, found that one-quarter of people who received a card as a holiday gift last...Tags: Starbucks Corp., Whole Foods Market, Gifts, Craigslist, Inc., Services and Shopping
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3 WaMu execs agree to settle FDIC suit for up to $64 million
LOS ANGELES TIMESThree executives who led high-risk home lender Washington Mutual Bank as it skidded toward the biggest bank failure in U.S. history have agreed to settle a government lawsuit for as much as $64 million — far from the $900 million the Federal Deposit...Tags: Bankruptcy, Washington Mutual Inc., Economy, Business and Finance, Crime, Law and Justice, Carl Levin
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Conventions interested in using Georgia Street following Super Bowl success
Four days after Super Bowl XLVI, Fox59 has learned two big Indianapolis conventions have inquired about using Georgia Street as part of their activities.
According to Chris Gahl, VP of Marketing and Communications for the Indianapolis Convention and...Tags: Super Bowl, Football
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Washington Mutual executives set to settle financial crisis lawsuit
Money & CompanyFederal regulators are settling a lawsuit they had brought against three former executives at Washington Mutual Inc.for a small amount of the damages that were originally sought.... -
“Eco Elmhurst” poster project showcases green efforts of Elmhurst students
TribLocal - ElmhurstThis April, the Elmhurst Historical Museum will commemorate ecology and green living by presenting a cooperative community poster project, “Eco Elmhurst: Shaping the Future of …...
Feb 23, 2012
|Story| Reuters
Feb 22, 2012
|Story| Baltimore Sun
Feb 16, 2012
|Column| WXIN-LTV
Feb 2, 2012
|Story| Hampton Roads Daily Press
Jan 26, 2012
|Story| Imperial Valley Press Online
Jan 17, 2012
|Story| Baltimore Sun
Jan 26, 2012
|Story| Chicago Tribune
Dec 11, 2011
|Story| Baltimore Sun
Dec 13, 2011
|Story| Los Angeles Times
Feb 9, 2012
|Column| WXIN-LTV
Dec 13, 2011
| Los Angeles Times
Apr 2, 2012
| Chicago Tribune
Original site for Federal Deposit Insurance Corporation topic gallery.