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New Senate bill aims to stop banks from risky investments

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.

July 15, 2013 12:00 amLoading…

Republicans go after Holder for Fox leak investigation

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…

June 03, 2013 12:00 amLoading…

AIG might join shareholder suit over its bailout

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.

January 09, 2013 12:00 amLoading…

4 top firms agree not to rent or sell cars under recall

WASHINGTON - The four largest U.S. rental-car companies have agreed not to rent or sell vehicles that have been recalled.

September 28, 2012 12:00 amLoading…

Banks give $10.6B in relief on mortgages

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.

August 30, 2012 12:00 amLoading…

Database to track bank credit-card complaints

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.

June 20, 2012 12:00 amLoading…

Housing market bailout yielded $25 billion profit

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.

March 20, 2012 12:00 amLoading…

Obama wants corporate tax cut

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…

February 23, 2012 12:00 amLoading…

Facebook is pressed to kick out young kids

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 tool.

May 23, 2011 12:00 amLoading…

US intends to limit role in mortgage financing

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 finance.

February 12, 2011 12:00 amLoading…

US offering 600,000 the chance to get tax refunds on debit cards

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.

January 14, 2011 12:00 amLoading…

FCC approves reins on wired Net providers

WASHINGTON - In a highly controversial vote Tuesday, the Federal Communications Commission approved new regulations for Internet access designed to prevent large telecommunications companies from squashing competitors.

December 22, 2010 12:00 amLoading…

FTC endorses effort for do-not-track mechanism for Net

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.

December 02, 2010 12:00 amLoading…

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